Despite the chaotic state of the crypto market, analysts are confident that Bitcoin will soon rebound as bulls are signaling a resurgence is enroute. Litecoin is also expected to follow Bitcoin’s movement as buying pressure is mounting. Meanwhile, DeFi casino Rollblock has been left unscathed by this market-wide crash after early investors have netted a 100% ROI.
Is The Bitcoin Recovery Starting Now?
Over 275,000 traders were liquidated yesterday as Bitcoin plunged below $50k for the first time since February. The total losses amount to a staggering $1 billion. Many late short-sellers were caught in the crossfire as well, as Bitcoin rebounded to $54k from the $50k floor. Right now, Bitcoin is moving below the 200-day moving average and below the 50-day moving average.
This means that Bitcoin is in bearish territory for the time being. But this could soon change as greed is returning to the market, with the current Bitcoin price being considered a generational buying opportunity.
Litecoin Loading A V-Shaped Recovery
Litecoin has also seen a severe decline, with a 32% correction in the past week. Litecoin currently sells for $57, with a 10% price increase in the last few hours. Litecoin bottomed at $51, which is where the 2022 bottom formed.
Litecoin could see a resurgence in the upcoming months if it continues to follow Bitcoin’s footsteps. On the other hand, many analysts agree that Litecoin has already reached the point of diminishing returns in terms of price.
Rollblock Continues To Gain Momentum
Rollblock is set to dominate the online gambling industry, expected to be valued at $750 billion by 2028.
Rollblock seamlessly merges centralized and decentralized gambling with the help of the Ethereum blockchain. The no-KYC policy ensures complete anonymity for users and lowers entry barriers. This has led to the user base rapidly growing and more than 7000 players are already enjoying the 150+ games available on the platform.
One of Rollblock’s most lucrative features is its revenue-share model. Every week, the casino reinvests up to 30% of the generated revenue by buying RBLK tokens on the open market. Half of this amount gets burned, leading to a steady increase in RBLK’s price. The other half is distributed to holders who stake RBLK, effectively creating a new income stream with some of the highest APY on the market.
Stage 5 of the presale has just started, and RBLK sits at $0.02, with a 100% since launch. Experts agree that RBLK could rally by 800% by the end of the final stage of the presale. In 2025 a 100x increase could be in the cards as the GambleFi narrative gains traction. Given that the price is still incredibly low, the best time to accumulate is now!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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