The RSI of Bitcoin is used by traders to gauge the market and its direction. Recently, some analysts have pointed out that Bitcoin’s RSI is entering a critical zone, suggesting bullish activity coming for altcoins. This signals an opportune time for rising stars like Rollblock (RBLK) to be tipped to lead traditional coins like Binance Coin (BNB) and THORChain (RUNE).
Bitcoin RSI Is Oversold: Altcoins Next?
Bitcoin’s RSI has dipped into a zone that typically signals that it’s oversold, indicating that the overall altcoin market may be poised for upward price movements. When Bitcoin’s RSI enters this zone, it often precedes a broader market rally, which benefits altcoins greatly.
Historically, altcoins like THORChain (RUNE) and Binance Coin (BNB) perform well when their RSI falls below 40% on the weekly chart. This technical signal suggests that these altcoins are undervalued right now and may experience significant gains once the market catches on.
Binance Coin (BNB): Stability Amid Upgrades
Binance Coin (BNB) has managed to maintain stability despite fluctuating price actions in the broader altcoin market, largely due to the recent upgrades on the Binance Coin Chain. The implementation of the BEP 336 upgrade has dramatically reduced transaction fees by 90%, making the Binance Coin network much more efficient and attractive to users.
As a result, Binance Coin has been outperforming many other cryptocurrencies with large market capitalizations. This upgrade has positioned Binance Coin to recover quickly from market downturns, with prices stabilizing around $585. This resilience makes Binance Coin a strong contender in the altcoin market, but there are other altcoins that analysts are looking to for extraordinary gains.
THORChain (RUNE): Cross-Chain Capabilities
THORChain (RUNE) has been garnering attention with its unique approach to decentralized liquidity. Recently, THORChain partnered with Fireblocks to enhance cross-chain transactions, offering secure custody and seamless transfers of THORChain across multiple blockchains—like Bitcoin, Ethereum, and Binance Chain.
The effects of this integration not only improves the accessibility of THORChain for institutional investors, but also enhances overall market liquidity. By facilitating direct settlements without relying on wrapped or bridged tokens, THORChain reduces transaction risks and streamlines the exchange process across these different platforms.
Rollblock (RBLK): The Future of GambleFi
Rollblbock (RBLK) has emerged as a top contender for the future of DeFi. It’s in a position to disrupt the $450 billion gambling industry by combining the blockchain with a fully functional online casino. Placing bets on its casino is a fully secure, transparent process, addressing valid concerns from investors and gamblers who have had poor experiences with other online casinos in the past.
Unlike other online casinos, Rollblock does not require invasive KYC or background checks for new users. Anyone with an email address or a crypto wallet can simply sign up and start playing, making it easy for Rollblock to quickly acquire new users. This has attracted tons of new investor attention and thousands of players in the past few weeks.
Rollblock’s casino currently has more than 150 games from top online gaming providers, including favorites like blackjack, poker, roulette, and slot machines. The platform is set to expand further by introducing sports betting, allowing users to bet on major sports events such as soccer, NBA, NFL, golf, tennis, boxing, and Formula 1 very soon. This expansion is expected to attract even more online gambling fans and boost the platform’s revenue.
Perhaps the most lucrative feature for investors is Rollblock’s revenue share model. Up to 30% of the platform’s weekly revenue is given back to RBLK token holders. The project buys back RBLK tokens from the open market and burns half of them, reducing the total supply and increasing the token’s value. The other half of the tokens are distributed as staking rewards, offering some of the highest APY across the DeFi space. This incentivizes people to hold their tokens while creating an engaged community.
Despite only being in stage 3 of its presale, Rollblock is already seeing signs of takeoff. Some analysts are projecting $RBLK to see an 800% gain by the end of just the presale period, with potential returns of 100x by the end of 2024. Because of all the value propositions mentioned, investors see Rollblock as the next big altcoin to shake up the crypto markets. $RBLK tokens are currently priced at just $0.015, leaving early investors with a 50% ROI just months into the presale. The best time to invest in Rollblock was weeks ago, and it’s still very early. That said, experts believe that $RBLK could see another price increase in less than a fortnight.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
