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Cryptocurrency News Articles
Rollblock (RBLK) To Continue Upward Momentum After Explosive January Growth
Jan 30, 2025 at 01:35 am
Rollblock's presale is snowballing after raising over $1.75 million in wagered bets during December 2024. The rapid growth has helped the platform
Bitcoin price experienced a brief drop below the $100,000 level, leading to a loss of $130 billion in market capitalization. At the time of writing, BTC had recovered, trading at $103,047. Despite this, market experts expressed skepticism regarding Bitcoin’s sustained price growth. They attributed the recovery to traders buying the dip, indicating potential price volatility in the coming days.
On the other hand, Bitcoin’s daily chart displayed bullish momentum with the token trading above all the Exponential Moving Averages (EMAs). Additionally, the MACD formed a bullish crossover with the signal line, further hinting at a possible rally. As the RSI remained neutral, analysts anticipated Bitcoin to continue its upward movement toward the R2 resistance at $1.69.
Meanwhile, XRP price dipped below $3 during a broader crypto market liquidation. However, the token later experienced a strong recovery, currently trading at $3.17, following an intraday increase of 6.45%.
This recovery was largely driven by XRP whales, who reportedly acquired over 120 million tokens during the recent price drop. Despite the rebound, XRP remained significantly below its earlier highs.
Moreover, XRP’s price remained impacted by the ongoing legal challenges, particularly the Ripple vs. SEC case. Nonetheless, analysts highlighted the token’s resilience and observed that the price recovered quickly, suggesting support for XRP.
The project also witnessed an influx of funds from institutional-level wallets, contributing to the price recovery.
In the realm of decentralized finance (DeFi), several projects, including Jupiter (JUP), Rollblock (RBLK), and PancakeSwap (CAKE), continued to attract attention.
Jupiter made several big announcements this week, including the acquisition of a majority stake in Moonshot and buying SonarWatch to create a Solana portfolio tracker. Additionally, Jupiter announced that 50% of protocol fees will be allocated to JUP buybacks and a 3 billion token burn to induce scarcity.
Among the DeFi tokens, Rollblock’s presale continued to snowball after raising over $1.75 million in wagered bets during December 2024. The rapid growth helped the platform close in on its $10 million milestone in January 2025, with analysts predicting a huge demand-induced price jump within the next few days.
To achieve optimal transparency and fairness, Rollblock integrated Ethereum’s immutable blockchain into the GambleFi market, gaining the trust of over 45,000 daily active users. The platform boasted over 7,000+ AI-powered games, all licensed and regulated by the Anjouan E-gaming Authority. Every bet placed on the platform was fully encrypted on-chain.
Furthermore, Rollblock's GambleFi ecosystem expanded into the sports betting space, allowing users to bet on the outcomes of leading sports events worldwide. This addition brought thousands of new betting enthusiasts to Rollblock, increasing the platform’s new registrations by 600% during December.
What truly set Rollblock apart from other DeFi altcoins was the attractive revenue-sharing model that offered a passive income opportunity to holders. The platform allocated up to 30% of its weekly earnings to buy RBLK tokens on the open market, burning 60% of them immediately and distributing 40% as staking rewards.
The RBLK token served as the cornerstone of Rollblock’s GambleFi ecosystem and was currently priced as low as $0.052. In a recent development, analysts were expecting Rollblock to record 880% pre-launch gains, making now the ideal time to invest in this explosive project before it skyrocketed any further.
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