The last 24 hours have seen the cryptocurrency market experience its biggest loss in recent weeks. Bitcoin dropped under $60k for the first time since May and the second week in 2024. This sudden crash has seen crypto traders lose a whopping $280 million. Meanwhile, altcoins such as RBLK, Fetch.ai, and TRX are experiencing a phenomenal surge. Here’s the reason for the crash, what to expect, and why altcoins are better alternatives.
Bitcoin Crashes 5% In 24 Hours
Despite Bitcoin reaching a record high of $73,798 in March. June hasn’t gone exactly how investors, traders, and speculators expected. A recent Bitcoin crash of 5% resulted in a record liquidation amounting to a whopping $280 million loss and around 90k liquidated traders. The recent crash was caused by decrease in demand for Bitcoin exchange-traded funds and the uncertainty around the U.S. Federal Reserve monetary policy.
The recent crash is no surprise and it’s expected to get worse depending on the outcome of the Fed decision. According to Coinmarketcap data, Bitcoin is currently trading at $61,151 and had a trading volume of around $37.17B in the last 24 hours.
Fetch.ai Price Surges 30% in 24 Hours
Fetch.ai has surged by almost 30% over the last 24 hours. This has taken Fetch.ai’s price to $1.641, and its trading volume has increased to $277.83m in the last 24 hours. Fetch.ai’s market cap has now passed $1.4 billion, a sign that investors are bullish about the project’s future.
Fetch.ai (FET) has shown tremendous promise over the last year, increasing in value by over 714%. This has made it a standout project, with Fetch.ai offering higher returns than major cryptos like Bitcoin.
As the interest in AI continues to grow, Fetch.ai is becoming a highly lucrative investment.
TRON Active Users Increase by 14.43%
After several months of bearish trends, TRON (TRX) is starting to rebound. Over the past few weeks, the number of active TRON users has increased by 14.43%, suggesting that a bullish sentiment is building throughout the TRON ecosystem.
Due to its increase in demand, TRON has passed Shiba Inu by market capitalization, making TRON the 12th largest cryptocurrency by market cap.
TRON currently has a trading volume of $281 million, and its market cap has passed $10.6 billion. TRON tokens can be purchased for $0.1215, making them a strong investment opportunity.
Rollblock Rallies 40% In Under 2 Months
Few projects have as much bullish momentum as Rollblock (RBLK), the project is designed to make online gaming more secure, easy to access, and transparent. In 2024 the gaming industry is valued at around $450bn and is estimated to grow to around $750bn by 2028. Rollblock could gain significant traction in this industry through its GambleFi protocol.
Unlike other casinos Rollblock does not require users to complete a KYC when accessing their casino. To get started users simply connect their wallet or sign up with an email, these simple barriers of entry have seen a substantial increase in users which has in-turn led to an increase in investors purchasing their native $RBLK token. The native token, $RBLK, plays a significant role in the ecosystem, $RBLK serves as a reward for players’ activity whilst allowing holders to stake in the future for additional rewards. Alongside this Rollblock has implemented a revenue share feature which sees up to 30% of the casinos daily profit being used to; share profit amongst holders, purchase $RBLK back from the open market and burning it to further increase the $RBLK token value.
Currently in stage 3 of the presale, $RBLK is trading at just $0.014. With over 90 million tokens being sold in less than a month shows the project’s wide interest. With the price point being the lowest it will ever be, now is the best time to purchase $RBLK. As stated in the tokenomics, there is a fixed supply of 1 billion $RBLK with only 60% allocated to the presale. Due to this some analysts have projected that $RBLK could see over 800% rise in value before the end of the presale, making now the best time to buy the new upcoming altcoin.
As the native token of the platform built to accommodate the future of the online gaming and casino industry, $RBLK has been tipped to become the top DeFi token of 2024. In addition, the extensive utility, revenue share and opportunities for token holders give $RBLK greater room for growth. Analysts predict that $RBLK has all the necessary features to become a 100x token over the coming weeks, making now the best time to start to stack the Rollblock token!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://rollblockpresale.io/
Socials: https://linktr.ee/rollblockcasino
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