Toncoin (TON) has been on a downward trajectory ever since Telegram’s founder was arrested, and investors are ready to jump ship to better-performing tokens. While XRP is also facing bearish pressure, Rollblock (RBLK) is nearing the $3M milestone with over 10,000 early subscribers on its crypto-native casino.
Legal Trouble Leads to Toncoin (TON) Price Crash
Telegram’s CEO Pavel Durov was arrested at a French airport over the weekend, reportedly because Telegram facilitates criminal activity. Despite the company’s plea that they fully comply with EU laws, Toncoin investors are quickly losing confidence. Toncoin’s price is currently down to $5.57 after crashing nearly 19% in two days.
Based on the TON/USD daily chart, Toncoin is trading below all its moving averages, hinting at strong bearish pressure. Both the MACD and Momentum Indicator are flashing sell signals as well. Since Toncoin has breached the pivot at $5.67 today, the token is likely to plunge to $4.93 and $4.19 in upcoming weeks.
XRP (XRP) Down Under Bearish Pressure
XRP’s weekly gains of 2.15% may have offered a glimmer of hope to some investors, but today’s intra-day plunge of 2.62% has changed everything. XRP’s price is currently down to $0.5894 which is nearly 85% down from its all-time high of $3.84.
XRP’s price chart is signaling a massive sell-off, with the token going from trading above its moving averages on the daily chart to flashing sell signals on the 2-hour chart. XRP’s RSI has also dropped to 32, with the MACD and Momentum Indicator both hinting at bearish dominance as well.
Rollblock (RBLK) Presale Headed Towards $3M Milestone
While Toncoin is deep in the crypto depths and XRP is still trying to recover from bearish pressure, savvy investors are turning to Rollblock (RBLK) and its viral crypto-native casino. This new Web3-based gambling platform is making waves across the market, with analysts projecting Rollblock to become the next 100x crypto by the end of the year.
Within 3 months of its launch, Rollblock’s price has rallied by a massive 120% – all thanks to the platform’s innovative features. Unlike traditional casinos, Rollblock combines aspects of decentralized and centralized gambling on the Ethereum blockchain. Not only does this make Rollblock’s casino secure, but it also allows traders to maintain their anonymity as they gamble online.
Aside from encrypting every bet and transaction on the Ethereum blockchain, Rollblock also boasts a no-KYC policy that makes the signup process a breeze. New players can sign up by linking their crypto wallets and gain instant access to Rollblock’s huge selection of 150+ AI-powered casino games.
On Rollblock, traders can either play casino games to win more $RBLK as payouts, or they can stake the token to earn a passive income. Every week, Rollblock allocates 30% of its casino revenue to purchase $RBLK on the open market and distributes these amongst current holders as staking rewards with the highest APY in the market.
Considering the utility and scalability of Rollblock, the current selling price of $0.022 is a huge steal. Rollblock’s GambleFi protocol is set to hit the $3M milestone before the end of presale stage 5, and analysts expect another huge price hike within the next two weeks.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://rollblockpresale.io/
Socials: https://linktr.ee/rollblockcasino
Source: https://blockchainreporter.net/toncoin-plummets-as-telegram-founder-arrested-is-xrp-or-rollblock-the-better-hedge/