The recent bear market sentiment has seen Bitcoin’s price drop from highs of over $70,000 per BTC back to current prices around the $61,000 region, sparking debate and spreading fear, uncertainty, and doubt. Now, Filecoin (FIL) and Stellar (XLM) investors are in panic mode after both tokens registered a cumulative drop of over 4% in 24 hours.
However, (an Ethereum-based GambleFi protocol) is emerging as the next best investment opportunity amidst turmoil and a presale that is gaining momentum. Nearly $1 million has been raised so far, and expert market analysts predict Rollblock’s native token, $RBLK, could rally 100x on launch day.
Filecoin’s 23% drop amid crypto-wide bear market
Filecoin investors absorbed a devastating drop in the token’s value of over 20% amid a crypto-wide downturn that sent a wave of fear, uncertainty and doubt. For the better part of this month, FIL’s price has registered a steady decline as analysts predict a possible consolidation for FIL’s price around the $4.6 region. However, others opine that a further decline is underway especially if the bearish market-wide sentiment persists.
Some analysts have blamed the recent decline on Filecoin’s high correlation to BTC’s price movement. With Bitcoin currently on a bearish trajectory, they predict a further decline for FIL. However, if FIL breaks through critical resistance levels above the $4.6 region, the token could register a bounce-back that could stabilize its price.
Stellar (XLM)’s price registers a 30-day drop of 14% amid investor panic.
Stellar’s (XLM) recent 1.7% drop is another reason why investors are panicking amid a crypto-wide bear market. As an investment opportunity, XLM’s price has stagnated below the $0.20 region even after a meteoric rally in 2021 that saw Stellar surpass $0.60 per XLM. Compared to Bitcoin, Stellar goes above and beyond being a decentralized open-source money transfer protocol. Stellar offers a low-latency blockchain network that achieves unanimous consensus in a matter of seconds.
This is a trustless system where users can freely trust a combination of nodes, thus achieving flexibility in the event of network congestion. Apart from being fast, XLM transactions are quite affordable, making Steller’s network ideal for micro-transactions. In the past, investors would shift from Stellar XLM to Ripple (XRP), its close competitor. Now, XLM holders are looking for the next investment opportunity in Rollblock’s ongoing presale.
Rollblock’s GambleFi protocol attracts investors escaping the bear market
is a shining light for investors seeking refuge from the bear market. With its foundation in Ethereum’s network, Rollblock represents a new era of fair and transparent decentralized crypto iGaming platforms. By using blockchain’s immutability, all transactions on Rollblock’s platform are secure and trustworthy for all players.
One of the standout aspects of Rollblock is its generous reward system for players. Unlike traditional iGaming platforms, Rollblock rewards its users handsomely, creating a loyal and engaged community. The platform’s innovative approach to gaming, combined with its robust reward system, is attracting significant interest from investors looking for high returns.
Rollblock’s presale has already raised nearly $1 million, reflecting the growing confidence in its potential. Expert market analysts predict that Rollblock’s native token, $RBLK, could rally 100x on launch day, making it an enticing investment opportunity for those looking to capitalize on the next big thing despite the current bear market.
As FIL and XLM holders face uncertainty, Rollblock offers a promising alternative with its unique blend of GambleFi features and potential for substantial returns. For investors eager to escape the bear market and participate in a groundbreaking project, Rollblock’s presale presents an unmatched opportunity to be part of a revolutionary platform set to disrupt the $540 billion global gambling market.
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