The global crypto market cap has rebounded by 4.15% to $2.43 trillion over the past day following Bitcoin’s resurgence to $66,000. This has consequently impacted the altcoin market and in this article, we’ll explore the market performances of ICP, XLM, and RBLK to know if this is the right time to buy, hold, or sell them!
Internet Computer to undergo a correction
ICP has had a good week, surging 50% over the weekend, and has now outpaced 69% of the top 100 cryptocurrencies, including Bitcoin and Ethereum, with an upside advantage of 153% over the past year. Still, ICP’s market sentiment is bullish, and 65% of its technical indicators support this outlook.
However, ICP may be gearing up for a sharp price correction soon. It is nearing overbought conditions, with its RSI at 64.89. Additionally, the price of ICP is currently trading below the 200-day SMA with a Very High Volatility reading of 11.02%. It may be smarter to see if ICP holds above $11.55 before making entries.
Stellar breaks the bearish market structure
The price of XLM has registered 17 green days in the last 30 days, shifting its market sentiment from bearish to neutral with projections of rallying back up to its yearly high by next month. Still, XLM is -89% from its all-time high and has been outpaced by 98% of the top 100 cryptocurrencies over the past year.
If predictions hold, XLM could register a 55% price increase to $0.162 from its current price. Besides, XLM has broken the bearish market structure in its daily price charts and has seemingly entered a consolidation zone from which it’s gearing to break out. Therefore, hodling onto XLM could now be ideal.
Rollblock offers utility and gains on presale
ICP and XLM may have their profit potential but RBLK is undoubtedly the best crypto to buy now. After thorough analysis, experts predict it could hit $0.1 at launch and $0.8 the first few months post-launch. Currently trading at $0.017 at its ongoing presale stage 4, their projections will reflect a 488% and 4600% increase respectively.
People who hold cryptos like RBLK are, however, not just attracted to their gains as they also possess useful utility. Specifically, RBLK is a play-to-earn deflationary and governance token, which means that it is used as a reward system on Rollblock’s online casino and self-appreciates as more investors use it for DeFi activities such as staking.
Additionally, RBLK holders are granted voting rights to influence key decisions within the Rollblock ecosystem. To further encourage long-term participation, Rollblock also rewards its investors with part of its platform fees and offers one of the highest APYs in the crypto market to investors who stake their RBLK tokens.
In conclusion, smart investors know to buy and hold cryptos like RBLK which offers both solid utility and potential for unparalleled gains. Though ICP and XLM could witness more gains in the coming days, RBLK is no doubt the best crypto to buy now!
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