News and Analytics

0

Bitcoin Cash and Arweave Struggle While Rollblock Rises

Sep 23, 2024
  1. Bitcoin Cash Falls 3% Weekly
  2. Arweave Declines 14% Over the Last Month
  3. Rollblock Raises Over $3.5 Million

As Bitcoin begins to recover from its summer slump, Bitcoin Cash and Arweave continue to face market resistance. Consequently, many investors are diversifying their portfolios with newer altcoins such as Rollblock.

Bitcoin Cash Falls 3% Weekly

Despite overall market growth, Bitcoin Cash continues to show bearish trends. Over the last week, Bitcoin Cash declined by 3.76%, now trading at $313. While Bitcoin Cash is up by 47% over the past year, many investors are frustrated with its poor performance. Trading volume for Bitcoin Cash has also decreased to $185 million.

Arweave Declines 14% Over the Last Month

Arweave (AR) introduced a new protocol, Arfleet, last month to expand its storage capabilities. However, despite expert predictions, Arweave's price has dipped nearly 15% in the last month. Over this period, Arweave fell from trading at $27 to $18.56. Arweave investors remain bearish, with high fear recorded on the Fear and Greed index. Many investors are turning to new projects like Rollblock (RBLK) to recover their losses in the upcoming bull run.

Rollblock Raises Over $3.5 Million

Unlike Arweave (AR) and Bitcoin Cash (BCH), Rollblock (RBLK) has maintained positive momentum. Rollblock is a GambleFi protocol targeting the $450 billion gambling industry by offering investors substantial returns. Built on the Ethereum blockchain, Rollblock distinguishes itself by employing blockchain technology to secure casino transactions. This has attracted numerous players to Rollblock's ecosystem, promoting secure betting and higher rewards. The casino features over 7,000 games accessible without KYC checks and supports over 20 major cryptocurrencies for easy startup. As the online casino grows, token holders benefit from Rollblock's (RBLK) expansion. Rollblock has implemented a revenue-sharing and token-burning model to ensure RBLK's growth in the crypto market. Up to 30% of the weekly casino profits are dedicated to buying and burning tokens, with half being burned and the rest distributed as rewards to token holders. This model has drawn thousands of token holders eager to accumulate some of the 600 million RBLK tokens. Currently trading at $0.027, Rollblock's price is expected to grow further as the presale continues. Analysts predict that Rollblock (RBLK) could become a 100X token and one of the best altcoins to invest in this year.

While Bitcoin Cash and Arweave continue to struggle, Rollblock shows significant growth, attracting the attention of many investors. In a changing market, new projects can provide investors with additional opportunities for portfolio diversification and enhancement.

Comments

Latest analytics

Ethereum Shanghai...

Ethereum Shanghai Upgrade: Impact on Staking and Network...

Shezmu: Key Features...

Shezmu: Key Features and Aspects of the Platform

Show more

Latest Dapp Articles

Show more

You may also like