Crypto experts are predicting a massive market-wide rally in upcoming weeks. Amidst the building momentum, Toncoin (TON) whales are losing confidence in the token’s recovery while JasmyCoin (JASMY) is caught in a tug-of-war. Meanwhile, new altcoin Rollblock (RBLK) is making waves with its trending crypto casino.
Toncoin (TON) Whales Take Profits: Can the Altcoin Recover?
In the last 10 days of July, Toncoin whales have sold over 1.4 million Toncoin tokens. This has caused a serious plunge in Toncoin’s value, bringing it down to $6.77. Over the past month, Toncoin has already declined by over 12%, and now the increased selling pressure indicates that there are more declines are on the way.
If profit-taking continues, analysts predict Toncoin will fall to $6.57. This support level is crucial for Toncoin’s future recovery. If the price falls below it, then the next support will be at $6.02, hinting at a massive loss of confidence in the market.
JasmyCoin (JASMY) Bulls and Bears Caught in a Tug of War
JasmyCoin (JASMY) had a bullish breakout towards the end of May, but that instability only led to more losses. June brought some big selloffs of JasmyCoin, but July hinted towards a bullish sentiment once again. Now in August, JasmyCoin is currently trading at $0.02809 after a massive intra-day decline of 6.58%.
Technical indicators like the 50-day and 200-day EMA suggest that traders are currently buying the JasmyCoin dip. If the bulls can maintain this momentum, then there may be a significant JasmyCoin price reversal soon. However, if the bears win this war, then JasmyCoin could decline to a new low of $0.02248.
Rollblock (RBLK) Sees Major Price Rally This Week
Rollblock (RBLK) is skyrocketing toward the top 50 tokens list. This new GambleFi token is all set to revolutionize the $450 billion-a-year global gambling industry, and investors are racing to place their bets. Since the gambling industry is expected to surge to $750 billion in the next few years, savvy investors are betting on Rollblock to become the next big market leader.
As online casinos become more popular, Rollblock (RBLK) is bringing a unique combination of fun and profits into the mix. With its DeFi casino, investors can play over 150 AI-powered casino games including classics like poker and new AI-powered games. Rollblock fosters community spirit by connecting players on the official Discord channel, where it’s currently hosting Olympic giveaways.
Aside from its casino, Rollblock also offers a generous revenue-share scheme for investors. By staking the $RBLK token, investors can earn huge rewards with massive APYs. The platform runs this ingenious scheme by reinvesting 30% of weekly casino profits into open market buybacks of its token. This buyback incentive limits RBLK’s circulating supply through token burns while also rewarding investors by allocating 50% of the repurchased tokens to rewards.
At the time of writing, Rollblock (RBLK) is selling at a price of $0.0175 in stage 4 of its presale. Before the end of this stage, analysts are anticipating another massive price hike. If Rollblock keeps its current momentum, it is expected to become the biggest DeFi token by the end of 2024 with returns of over 800%.
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