Across all experience levels, traders and investors are always trying their hands on a variety of cryptocurrencies. The search for the currency with the highest potential has led to Chainlink (LINK) and Cardano (ADA) investors abandoning ship for a new altcoin called Rollblock.
As LINK and ADA struggle with declining investor sentiment, this new contender is being hailed as the best crypto to buy now, with projections of an 800% increase in Q4 of 2024.
Rollblock (RBLK) Set To Rally On $450 Billion Support
Rollblock is making waves in the $450 billion online gambling space with its new $RBLK token. The new altcoin is designed to shake up the whole crypto-based gaming scene, offering features like staking, exclusive game access, and rewards for players.
Right now, you can participate in the presale for $0.031 per token, and it’s already gained a lot of attention—there’s less than 50% left in the 7th stage. With its advanced blockchain technology, Rollblock has the potential to deliver substantial returns by addressing the challenges faced by traditional casinos.
The statistics are a little different, depending on how one is measuring, but Rollblock is leading in user autonomy for gambling. Millennial and Generation Z gamblers clearly show a new shift to digital currencies. The ease with digital assets and inherent benefits of cryptocurrency transactions themselves make Rollblock one avenue to crypto gains.
Rollblock is built with top-notch security, so all bets and transactions are encrypted, keeping everything safe and secure. This ease of access significantly lowers the barriers to entry for new users.
LINK’s Decline Continues with 12.57% Inflation Rate
Due to its strong correlation with the BTC market, Chainlink (LINK) has struggled to make progress. Over the last month, LINK has dropped 2%, bringing its market cap below $6.55 billion. This marks an 80% decline from its all-time high in 2021. While LINK’s oracle services remain vital to the crypto ecosystem, its price hasn’t reflected this utility.
LINK has two-thirds of its holders in losses, and with a yearly inflation rate of 12.57%, the token is sitting -52% below its cycle high. Chainlink’s weekly exchange netflow amounted to -$36.3 million, signifying more outflow than inflow. There’s a trading caution around LINK as traders appear hesitant to re-enter long positions.
ADA’s Sideways Trading Spells Short-Term Weakness
Looking deeper into Cardano’s recent performance, ADA struggles to show any momentum. This past couple of weeks, ADA has moved sideways, trading down 2% in the last seven days. What is interesting, though, is that ADA was expected to rebound after some recent network upgrades that it has been able to make; however, it hasn’t flowed into price action.
ADA also has not been able to remain above the 50-day SMA level technically, which indicates the continuation of its weakness in the short term. The Relative Strength Index (RSI) remains below 45, suggesting bearish sentiment, and ADA is hovering around key support levels near $0.31. If ADA breaks below this, we could see a sharper decline.
Conclusion
With Chainlink (LINK) and Cardano (ADA) underperforming lately, market experts believe Rollblock (RBLK) is the best crypto to buy now. Its significant role in online gambling, coupled with robust security features, positions Rollblock as the final piece in the puzzle.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
