Bitcoin’s phenomenal run from $25,000 to the new all-time high of $73,000 was abruptly cut short in March as massive sell-offs started at the top. With a domino effect, the whole market spiraled downwards as sentiment plunged into fear territory.
As Bitcoin’s underperformance continues, investors have been looking to rotate capital into projects with untapped potential. One project in particular is making waves in the booming online gambling sphere, the crypto casino Rollblock. As of July the project has raised over $1 million, and attracted almost 5000 users in less than two months.
Bitcoin Bulls Lose Another Battle, Bears Rejoicing
Bitcoin bulls managed to regroup and push the price closer to the previous peak in May and June, but their victory was short-lived, as the $60,000 support level was finally breached. Short sellers made a small fortune as the price tanked to $54,000, a dangerous position for Bitcoin. Bulls will need to increase their efforts substantially if they want to flip the trend.
Since Bitcoin dropped by 17%, it’s started to recover and is currently sitting at $58,000 as selling volume decreased and buying volume started picking up. Market volatility has also decreased for now and late sellers were punished during this bounce, 63% of total liquidations were short sellers.
Bitcoin’s Dominance Plummets, Will The King Be Dethroned?
Hand in hand with the price, Bitcoin’s dominance on the rest crypto market has been waning slowly, currently sitting at 54.90%. Historically, when Bitcoin enters a brief hibernation period, profits get rotated into altcoins, this results in explosive, prolonged rallies, an event known in the crypto sphere as alt season.
As Bitcoin is caught in a downtrend, talks about its status as the gold standard for crypto have started again. When it comes to crypto nothing is set in stone, except for the data on the blockchain. As everything else in this world, the place on the top is not always guaranteed. Not even for Bitcoin.
Over the past several years, many experts have been criticizing the weak aspects of Bitcoin, pointing out that its technology is getting more and more obsolete, with scalability being one of the major pain points. New projects are appearing on the horizon, boasting cutting edge tech, lightning fast transactions and virtually infinite scalability. But so far none of them has managed to dethrone the king.
Rollblock’s Outstanding Presale: A Promising Sign For A Future 100x
Rollblock aims to disrupt the $450 billion gambling industry using blockchain technology. It combines the best of decentralized and centralized gaming, merging them to create a seamless gaming experience. Rollblock’s platform is already welcoming users, offering a fully licensed casino with a vast array of features.
Since the launch of the RBLK presale $1 million has been raised in record time. Investors have praised the platform for its enhanced transparency, security, and potential returns. The project is now in stage three of its presale and RBLK is selling for $0.0158 per token. The price is likely the lowest it will ever be, as it’s projected to increase by 800% during the presale alone.
Rollblock has a no-KYC policy, which sets the casino apart from the competition. Users can connect their wallet or register their email and start playing immediately, enjoying complete anonymity.
RBLK plays an integral role in the casino’s ecosystem. Players can stake it and receive generous rewards. Furthermore, Rollblock will spend up to 30% of the casino’s weekly profits to back the token on the open market. 50% of the tokens bought will be burned forever, causing a supply shock that will make RBLK highly deflationary and skyrocket its value in a series of explosive rallies. The other 50% will be allocated for staking, offering one of the highest APYs in the market. This in turn will trigger a feedback mechanism that has the potential to sustainably increase the value of the token to unseen highs.
According to analysts, 100x could actually be a conservative target for RBLK. The project has a truly disruptive potential and could revolutionize the $450 billion casino market in just a few years. With this in mind, getting involved early is key to maximizing returns!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://rollblockpresale.io/
Socials: https://linktr.ee/rollblockcasino
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