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The cryptocurrency market is no stranger to fluctuating price action, and this week has been no different. While some assets face significant outflows, unique and innovative projects are attracting investor interest. Rollblock (RBLK) and NEAR Protocol (NEAR) are currently seeing positive inflows, contrasting with the continued outflows from Bitcoin ETFs, which have passed over $1.2 billion over the past week.
Bitcoin ETFs have faced a challenging period, seeing significant outflows for the seventh consecutive day. Total outflows for Bitcoin-related investments are now approximately $1.2 billion. This marks a record-tying streak of net outflows, highlighting how investors are now more cautious regarding Bitcoin’s short-term prospects.
The outflows have been significant from funds like Fidelity’s Wise Origin Bitcoin Fund and the Grayscale Bitcoin Trust ETF. Even BlackRock’s iShares Bitcoin Trust, the segment’s asset leader, has only seen slight inflows of about $21 million during this period. When trying to explain these outflows, analysts point to several factors: The lack of near-term catalysts for Bitcoin, upcoming Mt. Gox repayments, miners selling BTC holdings, and the Federal Reserve's steady interest rates, to name a few. Despite these issues, some analysts remain optimistic about Bitcoin's long-term potential, but Bitcoin projects remain on the downtrend for now.
NEAR Protocol (NEAR) has been showing resilience in this volatile market. NEAR Protocol recently rebounded from monthly lows and has been trading within a narrow range despite the selling pressure that other cryptocurrencies are seeing. Currently, NEAR Protocol is priced between $5.3 and $5.50, with potential to go even higher.
NEAR Protocol’s ability to maintain positive, stable price movements while the rest of the market declines indicates strong underlying support. This has also caught the attention of investors, causing NEAR Protocol’s trading volume to increase. Should this bullish trend continue, investors predict that NEAR Protocol could see additional price gains in Q3.
Rollblock (RBLK) is pioneering developments in the GambleFi market. Its DeFi casino offers leading centralized and decentralized gaming features, creating a well-rounded and enjoyable player experience. Its games include slots, blackjack, poker, and more, all of which can be played today, with the casino already being live and fully licensed.
Built on blockchain technology, and in particular, the Ethereum blockchain, Rollblock offers full transparency and extremely high security. All transactions are final, with users being unable to alter bets. This creates a fair and enjoyable player experience and prevents transparency issues that have become a growing problem in the casino industry.
In addition to its strong foundation, Rollblock also makes it easy for players to get started. Instead of passing long-winded KYC checks, Rollblock lets players sign up using decentralized crypto wallets or an email. This seamless accessibility has resulted in thousands of players joining the platform in an extremely short timeframe.
To power its ever-growing ecosystem, Rollblock uses $RBLK tokens. Token holders are granted several rewards throughout the Rollblock ecosystem, including access to the project's revenue share model. They can also be staked for higher returns. To incentivize ownership, Rollblock will share up to 30% of its casino profits with token holders, using revenue to buy $RBLK from the open market. Half of the tokens it purchases are burned, creating a deflationary effect.
Since its presale started, Rollblock’s $RBLK has increased by 45%, and $RBLK is now trading at $0.0145 during stage three of the Rollblock presale. With the price set to increase again in the coming days, the GambleFi project is now closing on raising over $1 Million and is selling out at record rates. This makes it the perfect time to buy RBLK.
Per the project's tokenomics, $RBLK will have a total supply of 1 billion tokens, 60% of which are allocated to the Rollblock presale. With thousands of investors buying in daily, analysts predict that $RBLK could see a massive 720% rally during its presale alone, which will be followed by additional returns once $RBLK is listed on major exchanges.
Rollblock is already on track to dominate the altcoin market in 2024. Its pioneering GambleFi developments and its utility token, $RBLK, offer features not found anywhere else in the market. As a result, experts believe that 100x returns could be achieved by the end of 2024.
Also, don’t miss Rollblock’s $20,000 GIVEAWAY in the ongoing EURO 2024 football tournament, users can win amazing prizes each day for giving correct predictions. Participants just need to join their discord channel to take part.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
