Two of the largest cryptocurrencies by market cap, including Binance (BNB) and Ethereum (ETH) have been on a prolonged losing streak. Notably, Binance has lost nearly 20% of its value after it recently recorded a new historic all-time high (ATH), whereas Ethereum prices have been trapped in a volatile price range between $3,400 and $3,600 over the past two weeks. While investors are seemingly running out of patience, this new presale star has emerged as a beacon of hope. Namely Rollblock (RBLK), the GambleFi protocol with a live crypto-backed casino platform, is currently drawing enormous attention in the presale market.
Binance Network’s Regulatory Pressure Intensifies Amidst Market Volatility
Binance Coin (BNB)’s recent regulatory scuffle appears to be taking a toll on BNB price. Just a few hours after the Indian government fined the crypto exchange a $2.2M fine for the violation of their anti-money laundry policy, the price of BNB token dipped further by roughly 3%, suggesting a loss of interest among investors and a possibly mass sell-off due to the uncertainty of the outcome of the latest lawsuit.
Meanwhile, this latest development is coming amidst an extended bearish market that has lasted for almost three weeks now. After hitting its new ATH of $720 on the 6th of June, Binance’s price has taken a massive hit and has mostly been on a downward trajectory. While it is currently hard to predict the future, market analysts are staying optimistic because of the Binance token’s resilient nature amidst the overwhelming prosecutions.
Ethereum Price Faces an Extended Consolidation Face
Like Binane, Ethereum (ETH) has had its fair share of struggles. However, in its case, the native ETH token has been unable to maintain the positive momentum from the start of the month. Notably, ETH price reached a monthly peak of $3,957 earlier in the month with many hoping that it will cross the $4,000 price mark before approaching its historic high price of $4,891.
However, like most top crypto coins in the market, Ethereum price trajectory was subdued to the pressure of the broader market downturn, from which point ETH price has been declining. Consequently, after reaching a low point of $3,385, ETH prices have continued to fluctuate within a consolidation zone between $3,400 and $3,600.
Rollblock (RBLK)’s Presale Offers Salvation for Investors Amidst Extended Market Downturn
Rollblock (RBLK)’s presale has become more prominent during the ongoing market dynamic which can be largely considered bearish. While investors are keenly looking for the best altcoins to edge their funds from the impact of the volatile market, this presale star has proven worthy of consideration. Notably, Rollblock is a GameFi network that runs a fully operational casino platform where its users can access over 150 gameplays, and over 20 cryptocurrencies to utilize in the platform. But that’s not even the best part.
By positioning itself at the intersection of online gambling and decentralized finance (DeFi), Rollblock aims to address major concerns hampering the growth of traditional online games. As a result, Rollblock provides a platform that eliminates the need for KYC or additional downloads in a bid to ensure ease of accessibility. In addition, the platform caters excellently for privacy, transparency and security of funds. This adept preparation to combat issues faced by traditional online games ranks Rollblock among the best presale cryptos to buy.
Now to the most interesting part, Rollblock GameFi token incorporates a unique revenue share model. This model includes a buyback and burn mechanism that will reduce the supply and increase the value of $RBLK token. Notably, Rollblock repurchases a significant amount of RBLK tokens from the open market with 30% of its weekly revenue. Half of these undergo the burning process while the other half is allocated for staking rewards, providing members, especially token holders with a steady and passive income stream.
Meanwhile, the RBLK token is currently sold for $0.014 in the third presale stage, having soared from an initial price of $0.010. In addition, Rollblock’s presale is nearing $800K raised while industry experts are projecting a $1M price target for the presale by the end of the week. This positive speculation also extends to its price which is expected to surpass $1 by the end of the year, and eventually solidify its position among this year’s best altcoins.
Also, don’t miss Rollblock’s $20,000 GIVEAWAY in the ongoing EURO 2024 football tournament, users can win amazing prizes each day for giving correct predictions. Participants just need to join their discord channel to take part.
Can Rollblock Truly Take the Place of Legacy Altcoins Like Ethereum and Binance?
At this point, it is a remotely impossible task for Rollblock to take the place of top crypto coins Ethereum and Binance considering their impact and longevity in the market. However, despite being a new market entrant, Rollblock is equally positioned for a noteworthy impact in the market. Considering its pioneering role as the GambleFi protocol, Rollblock operates as a distinct crypto project with high leverage for sustainable upscale.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
