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Altcoins slide as the U.S. data weakens and Japanese rates rise. Meanwhile, Rollblock hits new highs, with experts predicting 200x gains.
Holders of altcoins are bracing for further falls as the market prices in the recent slump in the U.S. economic data and Japanese interest rate hikes. Shiba Inu and Avalanche have seen significant losses with no end to the bleeding in sight, while a promising new casino coin, Rollblock (RBLK), has made new highs this week. Experts are calling for gains of up to 200x this year with Rollblock’s presale becoming one of the fastest selling this year.
Shiba Inu downtrend continues without relief
Shiba Inu (SHIB) investors have been edging ever deeper into the red over the last 3 months as Shiba Inu’s price has fallen over 65% to hit current levels around $0.0000115. Shiba Inu is the second-largest memecoin by market cap and has a history of surprising the markets with its violent upside moves.
This may well be the case again in 2024, as a recent Shiba Inu token burn managed to destroy 60,380,203 SHIB tokens, a 400% increase in the burn rate. Indicators such as RSI are pointing to a strong sell signal, and all major Shiba Inu moving averages are overhead at this point. A huge push from bulls is required, along with a wider market recovery, to get Shiba Inu back above the crucial level of $0.00002.
Avalanche: Investors hoping for an end to the dump
Avalanche (AVAX) has seen huge gains this year and risen from $8.70 to $17.96, where it currently sits despite having lost over 33% of its market cap in the last week.
Avalanche has recently introduced Avalanche Warp Messaging (AWM), which will enable faster communication between the different Avalanche subnets. If support can be found around the $18 mark, Avalanche should rally and many analysts predict an Avalanche run to around $123 by the end of 2025.
Rollblock going for gold with Olympic interest in presale
Rollblock (RBLK) is currently seeing no letup in new investors making an allocation to its presale as its price makes another new high despite the wider market crash.
Rollblock offers a unique new approach to ensuring fairness and transparency in the highly lucrative $450 billion online gambling industry. All financial transactions are encrypted onto the ethereum chain, meaning that once placed, bets cannot be tampered with.
No KYC information is required on signing up – simply connect a crypto wallet and make a deposit of Bitcoin, Ethereum or many other cryptocurrencies. New sign-ups can receive a deposit bonus of up to 15%.
In-game payouts are made using the native RBLK token which combines a hard cap of a billion coins with innovative tokenomics that will see supply reduced as the platform gains popularity. Each week, the casino will head to the open market to purchase RBLK, removing overhanging supply as these coins are allocated to stakers and burned forever.
RBLK’s price has recently reached new highs of $0.02, after stage 4 of the presale sold out in rapid time. As the RBLK volume continues to grow stage 5 is expected to see several price increases. Investors are urged to hurry and join nearly 8,000 other early investors by making an allocation to Rollblock today.
For more information, visit Rollblock’s presale website or join the online community.
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This article first appeared at crypto.news
