The Bitcoin price saw a larger-than-expected correction as the markets took a massive hit in the first week of July. Crypto price predictions have anticipated the correction, but the Mt Gox payout and Germany dumping millions worth of Bitcoin onto the market messed with the markets in a way that saw the Bitcoin price head south to 50k while DogWifHat and Bonk, meme coin heroes, also lost substantial footing, making a mockery of crypto price predictions for the meme coins. In this loss-making market, the Rollblock presale is a breath of fresh air as its next presale phase is about to kick in, and its price clicks up a notch higher.
Bitcoin (BTC): Supply Shock Negated By Germany
One of the reasons the Bitcoin price spikes after the halving is a supply shock: there just aren’t enough Bitcoin to go around. This week, the German government messed with the supply shock by dumping $75 million worth of confiscated Bitcoin in exchanges, forcing the price downwards. Bitcoin was already under pressure from the promised Mt Gox payout, but the German dump flattened the price below $55k. This led to many people fleeing Bitcoin and long options getting liquidated, but the crypto price predictions for Bitcoin still sees it breaking its ATH before August.
DogWifHat (WIF) and Bonk (BONK): Meme Coin Madness Comes to An End
The best-performing coins this year have been meme coins, with DogWifHat and Bonk returning 900% and 60% on year-to-date figures, respectively. Unsubstantiated crypto price predictions saw these meme coins explode even more, but DogWifHat and Bonk both lost about half their value in the last month alone, with the meme coins losing value hand over fist as the market corrections see investors fleeing to safer havens.
DogWifHat and Bonk most certainly had their place, and both DogWifHat and Bonk were fantastic investment coins while they lasted. Crypto price predictions for Bonk and DogWifHat are not as rosy as they once were.
Rollblock (RBLK): A chance to cash in on the GambleFi Revolution
Gambling is a massive industry, worth over $100 billion annually and has a market cap of over half a trillion dollars. Those experienced in crypto markets know that while the Bitcoin price may dictate the market’s direction, it never sets the pace. Altcoins often do better than Bitcoin, and with the crypto price predictions for Bitcoin going into uncharted territory, getting on board with high-growth altcoins is a sound investment strategy. And when that altcoin is part of the massive gambling industry, it is even more evident why Rollblock is the presale offer of the year.
Rollblock is a two-pronged strategy for investing. The first leg is its consumer-facing side: the Rollblock ecosystem has over 150 games, from classic centralized casino games to decentralized Web3 gaming. There is truly something for everyone on the Rollblock dApp, and gives its users a play-to-earn platform to enjoy. The second leg is the utility of the Rollblock RBLK coin.
Rollblock’s RBLK token stands head and shoulders above ‘useless’ cryptocurrencies like meme coins: it is the driving force behind the Rollblock ecosystem. This is where investors take note: the coin is hard-capped at a billion tokens, meaning that supply is limited. This means that as demand increases, the supply goes down, and then prices will skyrocket. But here’s the best part: Rollblock token holders share in the casino’s revenue, and shares of income are paid out weekly! Rollblock also uses a percentage of its revenue to buy back and burn tokens from the open market, reducing the total and circulating supplies and making these utility tokens even more scarce! Something that could really propel the price of RBLK for its holders. Some analysts are forecasting 100x gains for RBLK before the end of 2024.
Conclusion:
Crypto price predictions see a general uptrend for the market, with the Bitcoin price finally breaking free, but those same predictions put DogWifHat and Bonk in the footnotes of crypto history. But investors looking for something that can outperform even the most bullish of markets can participate in the Rollblock presale with tokens available at $0.015. Be quick though, as the price will be increasing again in the coming days.
Get in on the early action of the Rollblock ($RBLK) presale today!
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.