Most cryptos had a bearish run last week, followed by a significant crash in the last 24 hours. Bitcoin (BTC) hit an intraday low of around $54,300 during this timeframe. However, in the last few hours, it seems the bulls took control and Bitcoin’s price rebounded to around $57,000, at the time of writing.
Last month, Litecoin (LTC), along with a lot of other cryptos, struggled to build momentum. A closer look at recent data shows that LTC might be going through an 8-year cycle, giving investors greater insights into the altcoin’s potential future performance.
Meanwhile, investors are turning to Rollblock (RBLK), a new project aiming to bridge the gap between DeFi and traditional online casinos. Built on the Ethereum blockchain, it offers its users a decentralized casino experience and has already attracted almost 5000 users.
Bitcoin Stalls as the Market Awaits Fed Cues
Bitcoin’s (BTC) price remained stubbornly flat in June, hovering around $55,00. Short-term investors are now losing interest, resulting in a Bitcoin sell-off. Blockchain records indicate that a considerable amount of the recent sell-off is sourced from wallets that held Bitcoin for less than 6 months.
Bitcoin’s recent price swing was worsened by a $171M short positions liquidation. Bitcoin traders are now carefully watching the US FED speeches following the impact of Mt. Gox’s repayments.
Litecoin: Bullish Cycle or Bearish Signal?
Litecoin (LTC) achieved a significant milestone by processing over 12 million transactions in the last month. Despite this, the market reaction has been subdued, with Litecoin’s price increasing by only 0.41% over the last 24 hours to $65.79. This is minimal compared to the growth rates of some major cryptocurrencies. CoinMarketCap data revealed that Litecoin’s price saw a correction of over 17,9% in the last 30 days and was down by 13% in the past week.
Though this trend is concerning, the latest analysis presents a different picture. It shows Litecoin is currently in its 8-year cycle. If this is accurate, investors can expect LTC to reach a peak in October 2025. Historically, Litecoin has peaked during each 4-year cycle, specifically in the years 2014, 2018, and 2022.
Rollblock: Pioneering Play-to-Earn GambleFi with Immense Growth Potential
Rollblock (RBLK) is a Play-to-Earn GambleFi token that aims to bridge the gap between centralized and decentralized gambling ecosystems. It uses blockchain technology to enable safe and transparent transactions that can be trusted due to their immutability and traceability.
Accessibility is the main concern for Rollblock and one of its main advantages when compared with competitors. The traditional KYC (Know Your Customer) process is bypassed, allowing users to sign up quickly using only their crypto wallets or their email. This makes the entry a lot more simple and user-friendly, widening its appeal.
Rollblock also has a unique revenue-sharing model, which encourages long-term engagement with the platform through rewarding token holders. Up to 30% of weekly profits on the platform are distributed among RBLK holders. Half of these are used in buying back tokens from markets, while the other half goes into staking rewards, giving investors some of the highest APYs in the market.
The ongoing buyback and burning of RBLK tokens leads to a deflationary effect and investor confidence, therefore increases price stability and gains ground, while community-based incentives become implemented into the platform’s success, thus making Rollblock an attractive investment choice.
Over the next few months, Rollblock will look to incorporate sports betting into its already expansive gaming library, which currently consists of over 150 games. This strategic decision allows it to tap into the vibrant sports betting market, attracting new users to further bolster its ecosystem.
Rollblock ensures a user experience that is not only intuitive for beginners but also accommodates seasoned players; this trait makes it easy for wider adoption and solidifies Rollblock’s place as the leader within gaming industries that rely heavily on digital currencies.
Currently in Stage 3 of its presale, Rollblock offers RBLK tokens at $0.0154 . With a fixed supply set at one billion tokens and 60% allocated towards its pre-sale period, there’s a forecast of over 800% increase in value by the end of presale. Experts even anticipate potential 100x returns in 2024, potentially propelling RBLK into the top 100 cryptocurrencies as a pioneering GambleFi token poised for significant gains in the upcoming bull cycle.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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