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In other crypto market news, TRON (TRX) also shows bullish potential as market conditions stabilize. Conversely, Toncoin (TON) faces ongoing market volatility, with analysts expressing caution about its short-term outlook.
TON worsens market downturn
Since the news broke of Pavel Durov’s arrest in Paris, TON has led to a downturn, and investors believe it could break the support level at $5.5. Over the past month, TON dropped 16%, the only top 10 crypto to register double-digit negatives.
This TON decline is closely linked to the Russians’ complicit charges in illegal transactions and possession and distribution of child pornography. Everyone is holding their breath as TON continues to drop in trading volume and nears a crash out of the top 10 cryptos.
Despite a year-to-date performance that took the TON price from $1.46 to as high as $8.24, all technical indicators suggest a sharp sell as 4 of 5 investors are in losses.
TRX price prediction going into Q4
As we move into Q4, TRON (TRX) is projected to show solid growth, with analysts forecasting a potential 30-55% increase by year-end. TRX has maintained a steady upward trend, with its trading volume consistently surpassing $200 million and a market cap hovering around $13 billion.
TRX’s 50-day moving average signals bullish momentum as the token approaches resistance at $0.15. Additionally, TRON’s network boasts over 1.5 million daily active users, fueling demand for TRON (TRX). The platform’s expansion into decentralized applications (dApps) and the NFT market has further strengthened its position.
However, as with most cryptocurrencies, TRX remains sensitive to Bitcoin’s price movements. Should BTC maintain stability, TRX could be set for significant gains in Q4.
Rollblock: Backed by $450 billion market
Rollblock has gained attention from panicked investors as the market turbulence worsens, positioning itself as a safe and dependable choice for individuals wishing to protect their long-term assets.
Rollblock, which combines the $2.3 trillion cryptocurrency market with the $450 billion gambling sector, is a unique attraction due to its creative application of blockchain technology, which guarantees complete openness and impartiality in online gambling. Every transaction is guaranteed to be immutable by Rollblock’s provably fair gaming technology, in contrast to traditional casinos where trust difficulties frequently occur.
Stage 6 of the presale has begun, and come launch; the price has the potential to 50x from its present $0.027 level. Aside from the profits, Rollblock’s superior roadmap and community-focused strategy already present it as one of the top cryptocurrencies to invest in right now.
In addition, RBLK holders can generate a reliable passive income stream through revenue sharing on the platform, which is derived from token casino profits. Second, the buyback and burn mechanisms further solidify this token’s status as a safe haven by bolstering its value.
Conclusion
According to the crypto market news, TRX and Rollblock continue to be the top choices as TON sentiments have waned over the past month. But investors are swarming to the RBLK presale due to TRX’s imminent decline compared to Rollblock’s potential.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
*This article was paid for. Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2024/09/20/rollblock-tipped-transform-450b-industry/