We’re now in Uptober, generally the most bullish month for crypto, but one look at Bitcoin and top altcoins, and you might think all is bearish. Fear not. News isn’t so good for the XRP Army, with the XRP SEC appeal back in the courts, and this could potentially affect the price in the short term.
In other parts of the altcoin market, Toncoin’s recent bearish price action defies its growing adoption, but is there much to worry about? The new altcoin, Rollblock, is now in stage 7 of its presale, and with it already earning revenue for all, it’s clear why investors are flocking to it.
The XRP SEC appeal is another potential roadblock to the price
With the XRP SEC appeal reigniting the court case, it triggers a potential factor in XRP’s near term price action. As the appeal against the previous court ruling progresses, uncertainty looms over the future of what was once one of the top altcoins.
Investors are obviously concerned about the potential regulatory outcomes and the outcome of XRP’s status as a non-security. Until the court case is fully resolved, the XRP SEC appeal will likely mean some bearish momentum for XRP.
Toncoin adoption growing rapidly but price remains bearish
The TON price is down 30% from its June all-time high (ATH), but growing adoption suggests potential for a rebound in Toncoin. The integration of the TON Space crypto wallet on Telegram has introduced over 11 million monthly active addresses, which puts Toncoin up there with other leading blockchains for usage.
This surge in engagement on Toncoin highlights the potential for mass adoption, and if it can attract other platforms like Telegram, there’s no reason why TON won’t see some positive price action.
Rollblock has potential to be one of the top altcoins
Rollblock is one of the most exciting projects in the crypto space and is already making waves by generating revenue even before its official launch. It attracted plenty of attention from early investors as Whales pushed the price up 200%, with the total raised over $4million.
Utilizing an innovative GambleFi model, Rollblock offers a profit-sharing system that allows token holders to benefit from the platform’s success. With over 7,000 games, the online casino and sportsbook is already attracting a community of gamers and of course, investors looking to earn a passive income.
The passive income is earned through the revenue that’s generated on the Rollblock platform, but investors will also be able to earn through the staking rewards program. This will be up to 30% APY for those showing loyalty and adding liquidity to the Rollblock ecosystem.
Added with a buyback and burn program that will see the Rollblock team buy circulating RBLK tokens. 50% of them will be used to help pay revenue, but the other half burn them for good, ensuring scarcity of the token and an expected rise in value.
The Rollblock presale has been an overwhelming success, raising over $4 million so far. Analysts were bullish, with some predicting 880% gains during the presale, and with the price now up 200% and with plenty of the presale still to play out, those predictions are beginning to look more realistic by the day.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
