Summer 2024 is in full swing but the crypto market is cooling off after reaching a local top in March. What followed was a deep prolonged correction that saw prices of cryptocurrencies drop across the board. The downtrend has been continuing for a few months now and the general sentiment can be summed up as “proceed with caution” as the sparse rebounds from the lows are generally short lived.
All signs point to a temporary hiatus of the bull run. While prices of cryptocurrencies are far from the 2023 bear market bottom, the recent lack of action has frustrated investors, who have been on the lookout for new, exciting projects with untapped potential.
Uniswap ($UNI) and Aave ($AAVE) are two of the major projects that have been hit the hardest, facing steep declines. The wallets of Ethereum holders share an interesting story: many of them have been rotating funds, selling $UNI and $AAVE to buy $RBLK, the native token of the crypto casino Rollblock that recently made waves in the online gambling world with its appealing revenue sharing model and commitment to transparency and security.
Uniswap Is Down 16% In One Month
As the first decentralized exchange, Uniswap holds a special place in the heart of crypto enthusiasts. It commands 37% of the volume of all Ethereum based Layer 2 solutions. But on the chart, things are not looking rosy for Uniswaps utility token $UNI, as it’s holding on for dear life while hovering around the $8 price mark.
The March correction saw Uniswaps price plummet by about 50%, from $15 to $7, remaining chained to that level for an entire month. After that Uniswap regained some ground and started to range higher between $12 and $9, but ultimately, the structure broke down, and now it’s back the previous support.
In recent months, Uniswap has caught the attention of SEC, which has been ramping up efforts in regards to the regulation of cryptocurrencies. If a positive resolution is not reached, further corrections are to be expected.
AAVE Dangerously Close To Support Break
AAVE is one of the biggest DeFi protocols in the crypto space. The project recently launched its stablecoin, GHO, on the Arbitrum platform, expanding the array of services offered.
However, the $AAVE token has been struggling during this mini-bear market, retesting the $79 support several times. Zooming out, it’s clear that at every rebound, lower and lower highs are being printed on the chart while volume is slowly waning. It’s vital for bulls to step in and support this level because if it breaks, Aave could see a significant price decline in Q3
Rollblock Is Spearheading The Crypto Casino Revolution
The attention of both beginner crypto enthusiasts and seasoned investors has been caught by the opportunities presented by the crypto casino Rollblock. Now, online casinos are nothing new, and crypto casinos have been around for quite some time as well, but this project manages to separate itself from the rest with its innovative vision and its commitment to transparency and user trust.
Rollblock is powered by the Ethereum platform, ensuring fast, easily traceable, and secure transactions. The platform itself is intuitive and easy to navigate. No KYC is required, allowing users to keep their anonymity. Users need only to connect their wallet or sign in via email to begin gaming.
$RBLK, the casino’s native token, plays an integral role in the ecosystem. Users can hold it as a store of value, trade it and stake it, and get rewarded some of the highest APY in the crypto casino sphere.
Rollblock’s generous revenue share model will distribute rewards on a weekly basis. The casino will reinvest up to 30% of its weekly revenue to buy back $RBLK tokens on the open market. 50% of these tokens will be burned forever, creating a deflationary environment that will sustainably skyrocket the value of $RBLK. The other half of the amount will be shared with users as rewards.
The Rollblock ecosystem is continuously evolving and soon sports betting will be added as an option for users. The company’s goal is to seamlessly merge decentralized and centralized gambling, combining all these features in a product that has the potential to disrupt the $450 billion online casino industry.
Currently, stage 3 of the Rollblock presale is taking place and investors can buy Rollblock for just $0.015. The price has already increased by 50% since the start of the presale and analysts predict a total of 720% price increase by the time it’s complete. With its sustainable growth model and vast array of features offered, Rollblock has all the potential for a 100x surge at the peak of the bull market, meaning that the best time to invest is now!
Become part of the crypto casino revolution and discover the exciting opportunities of the Rollblock presale now!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
