The post AVAX Stalls While Kaspa Struggles To Break Out – Momentum With New Altcoin Drawing Attention appeared first on Coinpedia Fintech News
The new altcoin presale Rollblock (RBLK) has drawn significant investor attention, blowing expectations out of the water to hit new milestones. Open source Layer-1s like Avalanche (AVAX) and Kaspa (KAS) have turned sluggish as the crypto market sinks into a prolonged correction.
KAS is in the red on all timeframes, while AVAX holders nurse a crippling 33% 90-day loss. RBLK, however, shot up 150% in presale!
Analysts believe the new altcoin’s immense potential in the $540 billion gambling market could see it rise into a multi-billion crypto asset, rewarding token holders with gigantic returns past 100x!
Avalanche (AVAX) tumbles after 64% rally
Avalanche, an open-source smart contracts platform, has been bleeding red for months. AVAX dived into the $17 region on Aug. 5. That’s a vital monthly zone the altcoin consolidated for months before breaking out in Sep. 2023 to a high of $65 in March 2024.
So, everyone thought it was party time when AVAX put forth a 64% rally from here. Sadly, AVAX met roadblocks at $28, tumbling to hover in the $21 zone by Sep. 7. The move helped AVAX post a 6% monthly return, but still coped with a 33% three-month loss.
Changelly predictions show AVAX stalling for months in the $21-$33 range. Holders are jumping into new altcoin presales for greater yields.
Kaspa (KAS), an open-source Layer-1, erases its gains
Kaspa is touted as the fastest, open source Layer-1 fully decentralized and scalable blockchain. Since May, KAS had been a market-defying crypto, rocketing from $0.1 to double investor holdings at $0.2 by July 31.
But the marketwide correction finally caught up with KAS price when an unforgiving market meltdown swept crypto prices in August. That pushed KAS down to $0.12, almost erasing its 3-month gains.
After a slight rebound to $0.17, KAS has been spiralling down, falling as far as $0.13 by Sept. 6. That left KAS holders coping with negative returns on all timeframes.
Analysts’ predictions place KAS in the $0.14-$0.21 range for the rest of the year. Faster horses like the new altcoin Rollblock could offer greater EOY returns.
The new altcoin Rollblock(RBLK) set for 880% price jump
This Ethereum GambleFi protocol has won investor hearts with a lucrative profit-sharing model and staking program.
Rollblock (RBLK) offers a generous weekly payout to token holders from a slice of its earnings, with its staking program redistributing a massive APY to liquidity providers on the Rollblock iGaming ecosystem.
That’s topped with the Rollblock buyback program. It decreases the RBLK circulating supply, increasing the token value and price to generate more passive yields for investors.
Rollblock’s passive income model and deflationary structure make it a one-of-a-kind crypto asset that rewards token holders in many ways. Swimming with such rewards makes it a breeze for investors to navigate uncertain market conditions, trumping selling pressure.
That gives the RBLK token price ample time to skyrocket to the moon. At the center of the half-a-trillion gambling industry, RBLK’s market cap is poised to grow into the billions, pumping the new altcoin price to dizzy heights.
Analysts predict astronomical profits north of 880% in presale and an explosion past 100x on launch!
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino