Altcoins
Is Bitcoin Still the Gold Standard of Cryptocurrencies? Market Dominance Shifts to Altcoins Amid Bearish Downturn, Is This Million-Dollar Pre-Sale the Key to Success?
Bitcoin’s phenomenal run from $25,000 to a new all-time high of $73,000 was abruptly halted in March when massive sell-offs began at the peak. In a domino effect, the entire market plunged downwards as sentiment plummeted into fear territory.
As Bitcoin’s underperformance continues, investors have sought to rotate capital into projects with untapped potential. One project in particular is making waves in the burgeoning online gambling space, crypto casino Rollblock. The project raised over $1 million in July and has attracted nearly 5,000 users in less than two months.
Bitcoin Bulls Lose Another Battle, Bears Cheer
Bitcoin bulls managed to regroup and push the price closer to the previous peaks 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 collapsed to $54,000, a dangerous position for Bitcoin. Bulls will have to significantly increase their efforts if they want to reverse the trend.
Since Bitcoin dropped 17%, it has started to recover and is currently sitting at $58,000 as selling volume has decreased and buying volume has started to increase. Market volatility has also decreased for now and late sellers have been punished during this rebound, 63% of total liquidations have been short sales.
Bitcoin’s Dominance Collapses: Will the King Be Dethroned?
Along with its price, Bitcoin’s dominance over the rest of the cryptocurrency market has slowly diminished, currently sitting at 54.90%. Historically, when Bitcoin enters a brief hibernation period, profits are transferred to altcoins, resulting in explosive and prolonged rallies, an event known in the cryptocurrency world as alt season.
As Bitcoin is stuck in a bearish trend, talk of its status as the gold standard for cryptocurrencies has begun again. When it comes to cryptocurrencies, nothing is set in stone except for the data on the blockchain. Like everything else in this world, the place at the top is not always guaranteed. Not even for Bitcoin.
In recent years, many experts have criticized Bitcoin’s weaknesses, pointing out that its technology is becoming increasingly obsolete, with scalability being one of the biggest pain points. New projects are popping up on the horizon, boasting cutting-edge technology, lightning-fast transactions, and virtually infinite scalability. But so far, none of them have managed to dethrone the king.
Rollblock’s Exceptional Pre-Sale: A Promising Sign for a 100x Future
Rollblock aims to disrupt the $450 billion gambling industry using blockchain technology. It combines the best of decentralized and centralized gaming, bringing them together to create a seamless gaming experience. Rollblock’s platform is already welcoming users, offering a fully licensed casino with a wide range of features.
Since the launch of the RBLK presale, $1 million has been raised in record time. Investors have praised the platform for its increased transparency, security, and potential returns. The project is now in the third phase of its presale, and RBLK is being sold at $0.0158 per token. The price is likely the lowest it will ever be, as it is expected to increase by 800% only during pre-sale.
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 a vital role in the casino ecosystem. Players can stake it and receive generous rewards. Additionally, Rollblock will spend up to 30% of the casino’s weekly profits to back the token on the open market. 50% of the purchased tokens will be burned forever, causing a supply shock that will make RBLK highly deflationary and send its value skyrocketing in a series of explosive rallies. The other 50% will be allocated to staking, offering one of the highest APYs on the market. This in turn will trigger a feedback mechanism that has the potential to sustainably increase the token’s value to all-time highs.
According to analysts, 100 times could actually be a conservative target for RBLK. The project has 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 profits!
Discover the exciting Rollblock (RBLK) pre-sale opportunities now!
Website: https://rollblockpresale.io/
Social: https://linktr.ee/rollblockcasino
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