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As crypto market cap dips below $2T, investors eye Rollblock as top pick amid uncertainty hitting XRP and BNB.
Investors are frantically searching for the best altcoin to invest in as the crypto market cap drops below $2 trillion for the first time since January 2022.
While leading tokens like XRP and BNB fall victim to uncertainty surrounding the US Federal Reserve, Rollblock is emerging as the go-to investment option. The GambleFi project hints at a 650% surge in just weeks. and here’s why.
Binance coin faces a downward spiral
BNB is down over 11% from the week, hence playing its role in a bigger market correction. Though there are very low correlations between BNB and Bitcoin, the price of Binance Coin suffered in Q3 and started what some call a downward spiral.
Additionally, BNB has fallen 33% since setting an all-time high in June 2024, and analysts warn of further downturn. The sentiment is currently bearish as BNB recorded just 13 green days of the last 30, prompting large holders to migrate their shares.
With trading below the $480 level, BNB has fallen from a market capitalization of $103 billion to $69 billion. The steep momentum comes amidst recent legal issues involving Binance, along with growing competition from DEXs.
Ripple succumbs to the market wave
Market sentiment has degraded a lot for XRP, with technical indicators pointing at strong sell signals. At press time, XRP is a far cry from the $3.84 it reached in 2018 for its all-time high.
Analysts believe XRP could further bleed its value, breaking easily below critical support, unless some breakthrough is achieved in its ecosystem or in ongoing legal cases. However, it’s worth noting that in August 2024, XRP mostly sustained itself from favorable legal outcomes and trend projections.
Furthermore, the XRP token is down over 15% in just this month. Among the top 100 cryptocurrencies, XRP sits in the bottom 30% by market performance as it trades below its 200-day simple moving average.
Rollblock holds promise for savvy investors
While prominent cryptocurrencies such as BNB and XRP have experienced significant drops, Rollblock has gained attention for its pioneering GambleFi project, which bridges the gap between entirely decentralized and completely centralized gaming.
Rollblock (RBLK) is distinguished by its emphasis on transparency and justice in all aspects of its business. Fairness in gaming enabled by blockchain technology.
With its fast buyback and burn capabilities and a fully functional and intuitive platform, Rollblock has the potential to be one of the most disruptive platforms in the iGaming sector. The addition of a high-value proposition appears to be the result of Rollblock investors looking for substance in an otherwise terrible market.
So far, in its ongoing presale, Rollblock has made over $3.2 million in its 6 stages to date—a testament to how confident the investors are in the unique way the platform has been offering GambleFi services. The current presale price stands at $0.025, but with the growing momentum, it unfolds as the best altcoin to invest in.
Conclusion
With expectations of further downturn in the market, Rollblock prompts the interest of market analysts as it is currently lauded as the best altcoin to invest in. This makes RBLK a more promising alternative to BNB and XRP.
For more information, visit Rollblock’s presale website or join the online community.
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This article first appeared at crypto.news
