Bitcoin’s crash below $60,000 has seen FUD hit the entire market, affecting once-soaring tokens such as Binance (BNB) and Internet Computer (ICP). BNB’s ATH, for instance, has suffered a devastating drop of over 26% in the last month, signaling a price retracement that has set BNB’s price at $501. ICP’s price, on the other hand, has flatlined as holders shift to Rollblock.
At the moment, Rollblock’s RBLK is the star of the show thanks to a meteoric price rally of over 54% during a presale of its GambleFi protocol set to launch soon. Analysts predict a 100x outcome for RBLK on launch day.
BNB’s ATH overshadowed by a market-wide downturn
After a meteoric rally that saw BNB’s ATH hit the $700 mark, BNB holders laughed their way to the bank with profits of over 3x since BNB’s all-time low of about $230 per BNB in November 2023. Now, a market-wide downturn has seen BNB’s price fall over 26% in the last 30 days, with an additional 12.9% drop in the last week.
BNB’s on-chain data indicates a long-to-short ratio of less than one, signaling a prolonged bearish move that could see BNB’s price crash further by about 11%. Even though BNB enjoys several use cases, given that it’s the utility token of the world’s largest crypto exchange, analysts forecast further decline before altcoin season sets in.
While this short-term bear market is a result of a wave of Bitcoin ETF sell-off, the market-wide correction is expected given the meteoric rally that saw BNB hit new all-time highs last month.
ICP holders flee to Rollblock’s presale after ICP’s price flatlines
ICP’s price has experienced a devastating crash of over 99%, compared to its all-time high of $700 about 3 years ago. The Internet Computer blockchain, with its aim of redesigning the blockchain through the world’s first blockchain computer, has suffered a huge setback that has seen holders abandon the project for greener pastures.
ICP’s price stands out even in a market as volatile as the crypto space after its price fell 90% one month after launch in a scandal that saw insiders to the project dump ICP tokens worth over $2 billion across various exchanges. Despite the decline, ICP’s founders continue to work on the project despite the majority of holders abandoning it.
Rollblock’s presale supporters raise nearly $1 million before launch
Beyond ICP’s price and BNB’s ATH, Rollblock’s RBLK is on the rise after its ongoing presale, which has registered overwhelming support from investors who have so far raised nearly $1 million. RBLK’s presale price has rallied over 54% to its current price of $0.154 per RBLk in what analysts predict could be a 100x ROi for early birds.
Rollblock is developing a crypto casino that bridges the gap between traditional gambling and decentralized, community-driven play-to-earn casinos. At its core, Rollblock’s GambleFi protocol will enable players to share in the profits generated by the casino through a buy-back and burn program where a stake of the profits is used to buy back RBLK from the market.
Out of the bought RBLK, 50% is burnt to stabilize prizes, and the remaining 50% is distributed among RBLK holders. Rollblock is tipped to become a 100x crypto project thanks to its focus on a growing $540 billion worth online gambling industry.
Some of the platform’s unique features include zero KYC requirements, thereby enabling easy access for all users. The games are also probably fair, thanks to the blockchain, which records all transactions. Compared to centralized casinos, Rollblock’s community-driven platform is set to lead the industry.
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Website: https://presale.rollblock.io/
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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.
