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Crypto market slumps with billions lost in 24 hours. Ripple and Shiba Inu drop while investors seek refuge in resilient DeFi casino Rollblock.
Crypto is in a sea of red, with billions wiped out from the total market cap in 24 hours. Ripple and Shiba Inu have seen double-digit drops during this timeframe. Meanwhile, investors are mitigating their losses by investing in a crypto underdog showing resilience in the current market climate: DeFi casino Rollblock.
Ripple sees a vertical descent, long-term forecasts remain bullish
Right now, Ripple is priced at $0.502, a steep 19% correction from the $0.65 local top. Despite its strong performance in the past month, Ripple has been hit particularly hard during this downturn.
In the past few hours, the news broke that Ripple could be facing a new lawsuit. This comes after the announcement of the Ripple stablecoin RLUSD. Despite all this, analysts remain confident in Ripple’s future and expect a new peak in Q4 when the market finds its footing again.
Shiba Inu is bracing for impact
Shiba Inu just confirmed a death cross signal on the lower time frames. A 17% correction shortly followed and turbulence is only expected to increase for Shiba Inu.
Shiba Inu is currently priced at $0.000011, and it’s heading towards the $0.000009 support level at a quick pace. On-chain analysis shows that whales have been offloading significant amounts of Shiba Inu at the higher levels of the current range. Shiba Inu is still one of the biggest memecoins on the market, but like all memecoins, Shiba Inu is very susceptible to market volatility.
Rollblock Is one of the few safe havens in a sea of red
Rollblock’s native token RBLK has shown impressive strength during this crypto collapse. Over the last 24 hours its price reached a new all-time high of $0.02, and the ongoing presale has crossed $2 million in raised funds.
Rollblock sets itself apart from the competition by integrating blockchain technology into its casino framework, taking transparency and security to the next level. All transactions recorded are easily traceable and tamper-proof. These features alone have the potential to disrupt the $450 billion online gambling industry.
The casino is fully licensed and already generating revenue with over 7,000 active users. Users can begin playing one of the 150+ games immediately just by connecting their wallet, without having to go through KYC verification.
The unique concept that makes Rollblock so attractive to investors is the revenue-share mechanism. The casino will reinvest up to 30% of its weekly revenue to buy RBLK tokens on the open market. 50% of the tokens will be distributed to holders who stake the token or participate in events. The other 50% will be burned, reducing the total supply, which in turn will allow the RBLK price to increase exponentially in the upcoming months.
Analysts predict a potential 100x price increase as the crypto cycle progresses. The RBLK presale is currently at stage 5, and an 800% increase is expected by the end of the final stage. Early buyers are already enjoying 100% gains and investors who capitalize now on this opportunity could see incredible returns by the end of 2024.
For more information, visit Rollblock’s presale website or join the online community.
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