With the crypto market witnessing one of the worst dips in recent times, bullish bets on Dogecoin futures were the worst hit as $60M in long trades were liquidated. This is as the DOGE price slumped by over 10% in 24 hours, hitting a monthly low. Meanwhile, Internet Computer is another top crypto coin that took a big hit, with the token sliding further into the bear market. Amid all that, has defied all odds and has continued to see gains with early buyers having gotten 40% returns within a short time. As such, analysts pick it among the best crypto coins to invest in the month.
is a new igaming casino platform developed to solve major issues encountered in the gambling market. With the crypto market heading downward in the past few days, Rollblock’s price has continued to rally. So far, investors who bought at stage 1 of the presale have made 40% ROI as the price increased from $0.01 to $0.014 within a short time.
Also, the Rollblock ecosystem has seen a massive inflow of investors with the latest data showing that over 3000 have joined the platform. Also, the team has sold almost 10M RBLK tokens, raising over $760,000 in the process. At the current trajectory, analysts are optimistic they will raise $1M in June. As such, RBLK is seen as one of the best cryptos to invest in 2024.
Rollblock transcends beyond a crypto coin. It is a project on a mission to solve issues affecting the $450B gambling market. One of the common issues Rollblock will solve is transparency. Using blockchain technology, Rollblock will ensure that all transactions are permanent and cannot be altered after a bet has been placed.
Beyond its disruptive technology, RBLK boasts a meticulously crafted revenue-sharing model designed to incentivize long-term investment and foster a dedicated community. Through this approach, the casino will allocate up to 30% of the profits generated to buy back tokens from the open market. Half of them will be completely removed, through a process known as burning, which can lead to further scarcity and potentially drive the value upwards. The other half will be distributed to holders of the RBLK crypto, offering some of the best staking opportunities in the crypto space.
The platform prioritizes anonymity. As such, no KYC is involved. All you need is your email address to sign up and start playing games. The Rollblock native token, RBLK, is the primary vehicle used to distribute rewards, promotional offers, etc. Above all, analysts believe that RBLK will see more adoption soon and pick it among the best crypto coins to invest in 2024.
Dogecoin is one of the top crypto coins hit in the recent crypto market retracement, with the DOGE price dropping by over 10% in 24 hours. Traders who were bullish on Dogecoin futures were the most hit, as $60M in long trades were liquidated. Although the Dogecoin price has recovered slightly, the recent loss highlights the volatile nature of the crypto market.
Recent data from CoinMarketCap shows that Dogecoin’s price has fallen by over 17% in the past week, with a slight 2% recovery in the past day. However, the coin is showing signs of recovery. According to crypto analyst , Dogecoin is forming a descending triangle with the support zone at $0.122. A successful breakout could push the price to $0.22.
Internet Computer, one of the largest decentralized blockchain networks by market cap, has launched Verified credentials (VC), a new solution that will enable the sharing of personal data while maintaining privacy and control in the web3 ecosystem. The Verified Credentials are designed to limit the spreading of fake news and spam on social media by removing bots and fake accounts.
Meanwhile, Internet Computer price has dropped by 24% in the past week. Also, the Internet Computer trading volume has declined as the market faced bearish pressure. However, with increasing ecosystem development, analysts believe ICP is one of the best cryptos to buy for longer term gains.
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.
This news is republished from another source.
