Bitcoin (BTC) reached a new all-time high point at $73,737.94 on March 14, 2024, but has since then fallen under that point, where it found support at $69,000. Now, some analysts are pointing at the $50,000 price range for the BTC crypto to drop to next. As a result, many investors have turned to Rollblock (RBLK) and view it as a hedge against this, and to see why it’s the case, we will go over their on-chart metrics.
Bitcoin Price Dips Under $70,000: Is a Recovery Possible?
Bitcoin (BTC) initially reached an all-time high at a value of $73,737.94, which marked a monumental milestone for the entirety of the blockchain industry. However, during the past week, the Bitcoin crypto found support at $69,000 after a slight price correction period.
Analyst Skew (@52kskew) on X (Twitter) noted that the Bitcoin price could close above or around $50,000, which would commence the dip buying season. However, they noticed that the requirement for this would be confirmed higher lows after higher highs, and the 4-hour and 1-day EMAs respected, in which the RSI remains above 50.
Scient, another analyst with over 20,000 followers noted that a flip at $71,000 to $72,000 could lead to the crypto reaching a new all-time high at $85,000, showcasing a very different pattern. However, if the opposite happens and the crypto does regain bullish action, according to the Bitcoin price prediction, it can end Q4 of 2024 at $98,973, which will help it maintain its status as one of the best cryptos.
Rollblock (RBLK) Emerges as One of the Best Coins to Invest in With 100x Growth Potential
Rollblock (RBLK) is getting accumulated by investors who are looking for a hedge against the declining value of BTC, and this project has gained a lot of appeal as it’s a part of a fully operational, licensed casino which leverages blockchain technology to enhance functionality and transparency.
This has resulted in the RBLK crypto being seen as a massive opportunity as it is a part of a pre-established platform, in an industry poised for growth. Rollblock eliminates any KYC checks, and this caters towards a valuable niche in DeFi and broadens the appeal to users aiming to maintain the highest level of control over their data.
Through the usage of the blockchain’s immutable ledger, Rollblock can also ensure permanent, and verifiable transaction records. In addition, it enables lightning-fast speeds and minimal fees, translating to quicker deposits, near-instant withdrawals, and a more cost-effective experience for online gamblers. Additionally, crypto eliminates geographical barriers, making it accessible to anyone. The platform also introduces a unique revenue-sharing model, in which up to 30% of the profits made by the casino are used to buy RBLK tokens back from the open market. Half get burned, resulting in a reduction of the supply and an increase in scarcity, that can drive the price up. The other half are given as a reward, incentivizing long-term commitment by investors who accumulate RBLK.
Through the combination of a functional platform, a privacy-conscious approach, and the efficiency of cryptocurrency, Rollblock positions itself as a top contender in the DeFi space. This innovative approach can disrupt the major GambleFi market, poised to grow to $744 billion by 2028. The crypto is already up 40%, as it reached $0.014 as it entered Stage 3 of the presale. This blockchain ICO has also raised over $720,000 so far, and according to analysts can reach $1 million by the end of the month. Moreover, according to the projections made by analysts, RBLK can spike 100x following its release and listings on major exchanges, making it one of the best coins to invest in.
Which Crypto Are Investors Looking to Hedge With in 2024?
While Bitcoin is now fighting to recover after an overall dip in the crypto industry, Rollblock has maintained its momentum. Due to strong trader interest, the crypto has potential for a major price-spike which will make it one of the top contenders for diversification in 2024 and beyond, positioning it as one of the best cryptos.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
