Connect with us

Hot Projects

New Era Of Crypto Investors Looking For 20x Gains With New Tokens … | EVM News

Avatar

Published

on


In all previous bull markets, it’s the new tokens that lead the way with gains. In the 2021 bull market, Gala led the way with a staggering 50,000% gain, and many other new cryptos offered incredible returns. 

And with the bull market taking a break, investors are positioning themselves with the latest tokens with expectations of 20x gains. Some might say that’s conservative, but of all new tokens, Rollblock is setting the pace and gaining plenty of traction among savvy investors as analysts predict major gains of 880% during the presale and another 100x after the presale launch.

What about legacy tokens such as XRP and DOGE? Both offered major returns in past cycles, and both tokens are too big to offer incredible gains, but one shouldn’t write them off.

Rollblock

Rollblock is a cutting-edge GambleFi platform that is gaining attention from investors thanks to its innovative approach to online gambling. It’s set to be the world’s first community-backed casino with a Play-to-Earn token, which will also act as the primary medium of exchange throughout the platform.

There’s a fixed supply of 1,000,000,000 tokens, and with 600,000,000 tokens up for sale during the presale, there’s a huge opportunity for early investors to position themselves in this promising venture. 

The presale has already exceeded expectations, drawing interest and investment from some big guns – a strong indicator of the platform’s potential. Historically, new tokens in the crypto market have offered the biggest gains, and many top analysts predict similar returns for $RBLK.

Rollblock’s token facilitates transactions, services, and interactions within the online gaming platform. The platform also introduces innovative earning programs that set it apart. 

These include the Hold to Earn program that allows $RBLK token holders to earn a percentage of Rollblock’s weekly income, so anyone looking for a steady stream of passive income, it’s worth a look. Additionally, the Play to Earn program offers players a way to earn tokenized cashback for their activity on the platform.

Rollblock’s success in the presale phase underscores the growing confidence in its model and the potential for some big and exciting gains. With its innovative approach, robust tokenomics, and community-driven initiatives, the excitement around Rollblock is clear for all to see.

Can the XRP price ever smash its previous ATH?

XRP has long been a key player in the cryptocurrency market, thanks to its fantastic transaction speeds and substantial gains during previous bull cycles. Unlike new tokens that can experience volatile swings, the XRP price is more stable and a reliable option for investors. 

XRP is known for facilitating fast and extremely cheap cross-border payments, making it a favorite among the big banks and payment providers. That said, with the evolution of Bitcoin, many think XRP utility could diminish, and with it the XRP price might not be as bullish as previous cycles.

As the market recovers and bullish sentiment returns, however, XRP’s brand recognition should contribute to a gradual price appreciation, providing investors with a smaller but steadier growth.

Will Elon Musk pump DOGE to new highs?

Dogecoin, initially created as a joke, has evolved into a leading digital asset with a vibrant community and market cap any of the new tokens would be delighted to achieve. DOGE features include a decentralized, peer-to-peer network that facilitates fast and low-cost transactions, albeit with an unlimited supply.

During the last bull cycle, Dogecoin enjoyed a massive pump, thanks to endorsements from Elon Musk. The Starlink and Tesla CEO frequently tweeted about it, and the hype propelled DOGE to unprecedented highs and ensured it was one of the best investments in the crypto space last time around. 

Currently, DOGE’s future remains uncertain, and investors looking for the biggest gains might be better looking elsewhere in the crypto, and even the meme coin market. That said, the market cap and brand recognition of Dogecoin should see it maintain its place in the top ten cryptos.

Conclusion

In all crypto bull markets, investors look for the biggest gains, and in previous cycles both the DOGE and the XRP price have led markets and returns. But its new tokens that offer the biggest gains, and with the Rollblock presale smashing expectations, gains of 880% during and another 100x after launch, this disruptive online gaming platform looks set to be the leader of the 2024 /25 bull market.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website:
https://presale.rollblock.io/
Socials:


Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Hot Projects

Band Protocol Price Eyes 276% Jump As Bullish Wedge Pattern Emerge… | EVM News

Avatar

Published

on


Band Protocol Price Eyes 276% Jump

NOIDA (CoinChapter.com)—Band Protocol (BAND) made significant advances in the crypto sector, and recent developments highlight the project’s commitment to expanding.

Unconfirmed social media posts suggest that Synthetix could be working on integrating Band Protocol. If true, partnership news could help BAND price confirm a bullish technical pattern.

BAND Price Formed Bullish Pattern

The Band Protocol token formed a bullish technical pattern called the ‘falling wedge.’

Bullish news, such as Bond Protocol’s making a new partnership or integrating with other projects, could help the project’s token confirm the pattern.

BAND price formed a bullish pattern with a 276% upside target. Source: Tradingview.com

A falling wedge pattern features a pair of converging trend lines connecting lower highs and lower lows, forming a narrowing shape that slopes downward.

The pattern typically suggests that an asset’s price, while consolidating in a downtrend, is losing bearish momentum and preparing for a potential reversal to the upside. Typically, a breakout occurs in the direction of the overall trend, which, for a falling wedge, is upward.

To estimate the price target of a falling wedge pattern, traders measure the widest part of the wedge at the beginning of the formation. They then project this distance upward from the breakout point to set a potential target.

An accompanying increase in trading volume can further confirm the reliability of the breakout. Higher volume during the breakout suggests stronger market conviction, supporting the likelihood of a successful price reversal.

According to the rules of technical analysis, the Band Protocol token price could rally over 276% to reach the pattern’s theoretical price target near $4.6.

It is unlikely the token would rally to the projected price target immediately after confirming the pattern, but breaking out of the wedge setup could attract more buying pressure, helping the token continue its rally till profit booking puts the brakes on the run.

BAND Bulls Struggling With 20-Day EMA

BAND price climbed above its 20-day EMA (red wave) dynamic resistance as the token entered July. However, July 3’s nearly 6% drop forced the token’s price back below the EMA resistance, suggesting bears aggressively defend the supply zone near the 20-day EMA.

Band Protocol price
BANDUSD daily price chart with RSI.

Bulls have their task cut out, with the token starting July 4 with minor gains. Flipping the EMA resistance with good volumes would certainly help the BAND price’s cause, helping the token rally to the resistance near $1.34.

A break above immediate resistance might see the Band Protocol token’s price target the 100-day EMA (blue wave) resistance near $1.5.

On the other hand, if BAND price fails to rally, the token could drop to the support levels near $1.14 and $1.05 before recovering.

The RSI for BAND remained neutral, with a score of 45.56 on the daily charts.


Continue Reading

Hot Projects

Litecoin Price Tests Critical Support: Will the Bulls Prevail? | EVM News

Avatar

Published

on


Litecoin Price Tests Critical Support.

NOIDA (CoinChapter.com)— Litecoin price ended June down by nearly 10%, and so far, July has not been very kind to the blockchain platform. LTC bulls have failed to convert a recent surge in network activity into a bullish cue for the token.

However, a technical setup might help avoid LTC price more bloodshed, if the bulls manage to avoid invalidating the pattern.

Litecoin Price Testing Support Of Bullish Setup

The Litecoin token’s price has formed a bullish technical setup called the ‘ascending triangle.

LTC price formed a bullish setup with a 267% upside target. Source: Tradingview.com

The token’s price are currently testing the ascending trendline of the pattern. A rebound from here could infuse confidence in the token’s rally, attracting more buyers expecting a bullish breakout.

Under technical analysis, an ascending triangle pattern emerges when a horizontal trendline connects swing highs and an ascending trendline connects swing lows. The pattern indicates a consolidation period where the buyers gradually gain strength against a consistent level of resistance.

Volume analysis is critical, as it helps to validate the breakout’s strength. Typically, as the price action approaches the triangle’s apex, the volume tends to decrease, reflecting a period of reduced trading activity and uncertainty.

When the trendlines converge, creating a narrowing price range, buyers often enter the market in anticipation of a breakout. Ideally, the breakout occurs above the horizontal resistance line, accompanied by a significant increase in trading volume.

The surge in volume is a key indicator that the breakout is robust and likely to sustain.

According to the rules of technical analysis, the price target for a breakout is equal to the triangle’s height at its thickest point. If the bullish pattern pans out, the theoretical price target for LINK is near $269.5, a spike of 267% from current levels.

LTC price Fails To Conquer EMA Resistance

Litecoin price has failed to move above the 20-day EMA (red wave) dynamic resistance since June 8, with prices dropping nearly 6% to a daily low near $72 on July 3. The downtrend suggests bears are booking profits near $72.

Litecoin price
LTCUSD daily price chart with RSI.

A sustained rally from here would likely see Litecoin price rally to the 50-day EMA (purple) resistance near $78. Moreover, flipping the above immediate resistance level could help LTC price rise to the resistance near $85.

On the other hand, if prices continue to fall, Litecoin could end up invalidating the pattern, inviting more bearish sentiment and likely ending up at the support level near $69. Failure of the immediate support could force LTC price to test the support near $63.8 before recovering.

The RSI for LTC remained neutral, with a score of 41.86 on the daily charts.


Continue Reading

Hot Projects

Ethereum and Solana Battle for Dominance in Layer 1 … | EVM News

Avatar

Published

on


Ethereum and Solana Battle for Dominance in Layer 1 Sector

NAIROBI (CoinChapter.com)—Thanks to some recent developments, the rivalry between Ethereum and Solana has intensified. Ethereum remains a powerhouse in the Layer 1 blockchain sector and DeFi, but Solana is gaining traction with significant economic activity and growing market share.

CoinMarketCap data shows Ethereum commanding 62% of the $695 billion market cap in the smart contract space. The network also dominates revenue, securing 70% of Layer 1 income. Ethereum’s stronghold extends to the DeFi sector, with Ethereum doubling its total value locked (TVL) since the start of the year.

DeFi TVL Breakdown

BNB Chain follows with $85 billion in the smart contract space, while Solana holds $59 billion. In terms of DeFi TVL, BNB Chain contributed $5 billion in the second quarter, and Solana contributed $4 billion.

Solana Gains Traction, but Ethereum Holds Strong

While Solana shows growth in certain metrics, Ether remains the dominant force. Mert Mumtaz, CEO of Helius Labs, noted that Solana’s economic activity surpasses Ethereum at times, driven by higher MEV and priority fees.

According to DefiLlama, despite Solana’s growth, Ethereum’s DeFi TVL stands at $57.36 billion, compared to Solana’s $4.5 billion. Tron and BNB Chain occupy the middle ground with $7.7 billion and $4.8 billion, respectively. Ethereum’s continued dominance in the Layer 1 sector, despite the rise of Layer 2 solutions, highlights the blockchain’s demand.

Ethereum DeFi Solana DeFi
The SOLETH trade gains strength as ETH faces a market share decline.

Ryan Connor, a researcher at Blockworks, posted on X about the strengthening case for the SOLETH relative value trade. Connor noted Ethereum’s market cap and price-to-sales ratio are near cycle highs, while Solana’s price-to-sales ratio is at all-time lows.

He emphasized Ethereum’s revenue decline and Solana’s growing market share and revenue, raising questions for traditional finance (TradFi) investors about Ethereum’s valuation.

Ethereum Solana
ETH’s trailing 1-month price-to-sales (P/S). Source: Ryan Connor

Ethereum’s trailing 1-month price-to-sales (P/S) ratio fluctuated significantly, reaching a recent level of around 220, whereas Solana’s dropped to 67. Furthermore, Solana’s blockspace profitability has seen a sharp rise, reaching nearly $80 million in emissions.

In contrast, Ethereum’s blockspace profitability peaked at around $2 billion in mid-2021 but has since stabilized.

Solana Ethereum
t30d DEX volume market share chart.

Additionally, the t30d DEX volume market share chart shows ether holding a majority share, although Solana has been increasing its presence, now capturing around 30%. Though the data supports the narrative of Solana’s growing influence, it also emphasizes Ethereum’s sustained leadership.

SOL & ETH Price Performance and Market Outlook

Price performance data reveals significant insights. As of July 3, 2024, Ethereum is priced near $3,280, experiencing a 5% decline in the past 24 hours and a nearly 3% decrease over the past seven days. Ethereum’s market cap stands at $395.8 billion, with a trading volume of $10.4 billion.

Solana is priced around $142, reflecting a 5.68% decrease in the past 24 hours but a 3.68% increase over the past seven days. This price increase aligns with Solana’s rising market activity, while Ethereum’s relative stability reflects its entrenched market dominance.


Continue Reading

Trending