Many altcoins have been losing levels of support recently as the market continues to disappoint investors. Polkadot and Algorand have both seen their market caps shrink despite bullish announcements, while casino upstart Rollblock ($RBLK) looks set to continue dominating the play-to-earn market as experts forecast 200x moves!
Polkadot ($DOT) Governance Update Improves Decentralization
Polkadot recently unveiled details of its OpenGov protocol, described as ‘the most advanced community-driven governance system with no central authority’. Polkadot is making big moves in improving decentralization by putting power back Into the hands of Polkadot holders.
Polkadot has remained fairly steady in the face of recent Bitcoin volatility, building steadily on its support at $3.50. A bullish continuation of this upwards trend would see Polkadot reach towards the $8 level in the coming weeks, although in the event of another downturn Polkadot traders would expect to see $3 hold as strong support.
Algorand (ALGO) Alchemy Pay Collaboration Fails To Move Price
Algorand recently partnered with the Alchemy Pay group, to enable transfers of USDT and USDC on the Algorand network. This makes possible seamless financial transactions between fiat and crypto as Algorand allows reliable, speedy transfers with low fees.
Despite being down 1% on the daily time frame, Algorand is looking to break out from its current level after some lengthy consolidation. Algorand analysts are targeting levels around $0.24 as its next destination. In the event of weakening momentum, $0.10 should offer strong support as a key psychological price level.
Rollblock ($RBLK) Bucking Bearish Trend With New Highs
Rollblock ($RBLK) continues to make new highs as yet another price hike recently delighted early investors in this disruptive crypto casino token. The Rollblock token launch has outperformed anyone’s expectations, as it recently surpassed the $3 million milestone in total value locked. Thousands of investors have recently joined the Rollblock revolution, which will completely change the face of the $450 billion online gambling industry for good.
All Rollblock transactions find a home on the Ethereum blockchain, which enables users to verify that their bets haven’t been tampered with. This gives users enormous peace of mind and removes a major pain point from the industry. There is no need to submit any passports or driving licenses upon signing up as users can simply connect a compatible crypto wallet to begin, and start exploring the 150+ Casino table games on the platform.
When the stars align and players hit the jackpot, in-game winnings are paid using the RBLK token, which offers generous staking rewards of up to 30% in risk-free yield. It will also see its supply reduced by regular buys using Casino profits, in an extraordinary revenue-sharing scheme that can only send its price violently upwards in the coming months.
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