Uniswap might be the biggest DEX right now, but it still can’t escape the strong bearish pressure. Similarly, Cardano’s downtrend is continuing in Q4, with projections for more declines in upcoming weeks. Meanwhile, the only winner this week is Rollblock’s crypto casino which is all set for another all-time high in the next few days.
Uniswap (UNI) Leads DEX Market with Highest Market Cap
Uniswap has recently become the biggest decentralized exchange by boasting a 74.93% market cap share. However, despite being miles ahead in market cap, Uniswap’s volume dominance is only 46.79%. Although analysts expected Uniswap to gain traction in Q4, the token recorded several red days in the last 30 days. For now, Uniswap is trading at $6.58 after a small intra-day surge of 1.76%.
Despite this uptick, Uniswap is far from chasing its all-time high of $44.92 from May 2021. However, with Uniswap’s trading volume up by 20.40% over the last 24 hours, Uniswap may encounter increased buying pressure in upcoming weeks that could trigger a bullish rally. Yet, if the bears gain dominance, Uniswap’s price could plunge to the $4.679 support.
Cardano (ADA) Kicked Out of Crypto Top 10 List
Cardano’s overall sentiment has been bearish lately as the token was kicked out of the Top 10 cryptos with a market cap of $11.93 billion. After recording 3.39% losses over the last seven days, Cardano is failing to regain investor interest. For now, Cardano is trading within a falling wedge pattern, signaling strong bearish pressure. Cardano is currently trading at $0.332 after an intra-day dip of 0.41%.
Since Cardano’s MACD has also formed a bearish crossover, Cardano’s price is likely to experience further declines. If investor interest doesn’t pick up soon, Cardano’s price could plunge to the $0.280 support. However, if a bullish reversal is triggered, Cardano could surge to $0.7098 in the upcoming weeks.
Rollblock’s Casino Kicks Off the Next Generation of Crypto Gambling
Uniswap and Cardano are officially considered tokens of the past now that Rollblock’s new GambleFi protocol is soaring through the charts. In only stage six of its presale, Rollblock’s price has rallied 170% and raised more than $3.5 million. While these gains are impressive, analysts believe Rollblock is just getting started as the token has what it takes to become the next 100x crypto.
By combining decentralized finance with centralized gambling directly on Ethereum’s immutable blockchain, Rollblock is kick starting a new era of iGambling. Instead of worrying about security breaches and third-party manipulation, Rollblock’s casino allows every trader and high roller to enjoy a hassle-free gambling experience with unchangeable bets and transparent betting analytics. If that wasn’t enough, then Rollblock is also removing barriers to entry with no KYC checks upon signup.
While traders can accumulate more $RBLK by placing and winning bets, they can also earn a passive income through Rollblock’s revenue-sharing mechanism. Every week, Rollblock repurchases tokens on the open market and distributes these to current holders as staking rewards with up to 30% yield. Not only does this encourage long-term staking, but the token-burn mechanism ensures that Rollblock’s price remains deflationary over time as Rollblock’s supply will never surpass the hard cap of 1 billion.
Considering these features, Rollblock’s current selling price of $0.027 during stage six of presale is a huge opportunity for savvy traders who wish to maximize their gains. As Rollblock’s official launch gets closer, analysts are already talking about a 800% rally before the RBLK presale ends.
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