XRP is facing a mixed market sentiment since the token’s future depends on the outcome of the US presidential election. Meanwhile, Cardano holders are likely to start selling out because of the unfavorable technical indicators. Amidst this sentiment, Rollblock’s GambleFi project emerged as the leading altcoin by raising nearly $5 million during its viral presale.
XRP’s Future Depends on the Outcome of US Presidential Election
XRP recently regained popularity when the court gave its ruling favoring Ripple but the SEC has already filed a civil appeal pre-argument statement. However, the SEC decided to delay its appeal-related opening brief until after the US Presidential Election. The outcome of the election is likely to affect XRP’s price since both Trump and Harris plan to change the current SEC Chair.
If the SEC withdraws its appeal, analysts believe XRP’s price could skyrocket to new highs. Despite XRP’s co-founder Chris Larsen donating millions of XRP to Harris’ campaign, XRP’s price action has remained relatively stable. XRP is currently trading for $0.5184 after a minor 0.64% intra-day increase. XRP’s volume has also jumped by 33.20% over the last 24 hours which typically hints at a rise in selling activity. If profit-taking ensues, XRP’s price could crash to the $0.4305 support within the next few days.
Cardano (ADA) Holders are in Massive Losses
Cardano has struggled to break above the $0.807 level since March 2024 which is making investors lose confidence in the token. Cardano’s on-chain indicators recently revealed that 11,960 Cardano holders are currently in loss. If these Cardano holders start selling out before further losses, Cardano’s price could experience a steep decline.
Cardano is currently trading for $0.3377 after a small intra-day decrease of 0.22%. Cardano’s volume has already increased by 25.55% over the last 24 hours which hints at rising selling activity. Since Cardano is trading below all of its Simple Moving Averages and the Momentum Indicator is suggesting bearish dominance, analysts believe Cardano’s price will fall to the $0.313 support in the next few days.
Rollblock (RBLK) Tipped as Hottest DeFi Altcoin of the Year
Rollblock has been making waves in the altcoin market ever since its presale launch and it is all for good reason. By raising nearly $5 million in stage 7 of its presale, Rollblock has already proven its potential to become the next big 100x token by 2025. If these predictions stand true, Rollblock’s price is expected to surge by a massive 880% before the end of its presale stages.
The reason why analysts are tipping at Rollblock as the hottest DeFi altcoin of the year is the platform’s native RBLK utility token. Instead of only being a play-to-earn token that powers Rollblock’s ecosystem, RBLK also offers utility and scalability as an independent token on the open market. With Rollblock’s revenue-sharing mechanism, traders can receive a weekly passive income in the form of RBLK tokens as staking rewards with up to 30% APY. If that wasn’t enough, then Rollblock’s VIP-tier presale investors also receive exclusive bonuses and rewards based on their RBLK holdings after the token is launched across DEXs and CEXs.
Although Rollblock is currently in presale, the casino is already generating revenue with 7,000+ AI-powered games. Since Rollblock is built on Ethereum’s immutable blockchain, traders can enjoy gold-standard security features such as unchangeable bets, transparent betting analytics, and provably fair gambling.
This week, Rollblock has surged to a new all-time high of $0.032 but analysts believe this token’s explosive rally is just getting started. If Rollblock continues to attract investors in large numbers during Q4’s bull market, RBLK could emerge as the leading altcoin in the market by 2025.
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