The AI-based cryptocurrency sector has shown bearish trends over the last three months, while Rollblock reaches new highs.
Has Fetch.ai Merger Spooked The Markets?
Fetch.ai (FET) has struggled to reverse its downtrend over the last three months, losing over 66% of its market cap since May. Fetch.ai recently merged with two other leading AI crypto coins to form the Artificial Super Intelligence Alliance (ASI). Currently, Fetch.ai is trying to hold support around the $0.82 level, but token holders should be prepared to retest lows of $0.70 and, failing that, $0.51 in the coming months. In the event of a bullish reversal, Fetch.ai could reach $1.51, though analysts consider it unlikely.
Render Faces Difficulties
Render (RENDER) has also been impacted by the downturn in the overall AI crypto market, losing 59% over the last three months. Recently, Render's price dropped as low as $3.30 and has stabilized around the $4.37 level. Render will face considerable selling pressure in the event of a pump in the coming weeks, as all major moving averages are now overhead. Key profit-taking areas for Render will be $5.82 and $7.51 on the way up. Render support is likely to hold around the $3.50 level in the event of another trip south.
Rollblock Gains Popularity
Rollblock ($RBLK) aims to disrupt the lucrative $450 billion online gambling industry by bringing the best of decentralized finance to the casino sector. All Rollblock transactions are recorded on the Ethereum blockchain, eliminating doubts about bet fixing or manipulation. Rollblock is entirely anonymous and secure, as no KYC information is required. A 100% deposit bonus up to $500 is currently offered. The platform features over 150 classic casino games, with a sports betting feature soon allowing wagers on major international sporting events. Payouts are made using the native $RBLK token, expected to grow significantly thanks to an innovative revenue sharing scheme. Each week, the casino will use up to 30% of its profits to buy back $RBLK from the open market and remove them from supply. Half of these tokens will be burned, and the other half will be used for generous staking rewards of up to 30%.
The AI-based cryptocurrency market is experiencing challenging times while Rollblock stands out due to its innovative approach to online gambling.
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