DOGE, XRP and AVAX keep plummeting but Rollblock (RBLK) looks set to defy the market

May 23, 2024 09:54 AM PDT | By Invezz

DOGE, XRP and AVAX keep plummeting but Rollblock (RBLK) looks set to defy the market — Image source: Invezz

Dogecoin investor loses millions in profits

A Dogecoin whale sold over 5.39 million DOGE in three different transactions in 2023. However, in doing so, the investor missed out on significant returns. The individual first started purchasing Dogecoin in 2014, and had built a portfolio of $5000 worth of Dogecoin by 2015.

After the wallet went cold, many analysts believed the investor had forgotten about the wallet. Returning in 2023, the investor sold 5.39 million DOGE, worth around $370,000 at the time. However, since the time of the sale, Dogecoin’s price has increased by over 120%.

At its 2024 peak of $0.24, the investor could have gained a 235% higher return. This story has gone viral throughout the Dogecoin community, with many bullish investors using it as a reason to continue holding DOGE.

Crypto analyst makes a bullish Ripple XRP prediction

Cryptocurrency analyst Cryptobilbuwoo recently made an extremely bullish prediction for XRP in 2024. The analyst highlights that Ripple, XRP, could repeat its rally in 2017 and 2018, during which it hit an all-time high of $3.84.

According to Cryptobilbuwoo’s prediction, XRP could pass $33 within a year. However, many experts have pushed back on this prediction, arguing that it’s overly ambitious.

Currently, XRP is trading at $0.5018 and is struggling to rally due to legal concerns. Therefore, it’s unlikely that XRP will reach $33 any time soon.

Avalanche AVAX faces further price declines

Avalanche (AVAX) is down by 13.7% over the last month, and experts believe it could face further declines. Having already seen a significant drop in its trading activity, thousands of investors continue to distance themselves from Avalanche, fearing they could see further losses.

Presently, Avalanche is trading at $32.94, though experts believe it could fall below $30. In a worse case scenario, experts believe that Avalanche could go as low as $19 and therefore Avalanche is currently considered a highly risky investment.

Rollblock defies market trends with its latest price increase

Despite bearish market conditions, Rollblock is thriving. This extremely popular project is gaining traction for its great utility and passive income opportunities.

Rollblock is designed to disrupt the gambling industry with blockchain technology. It offers a DeFi casino, which is already licensed and live, that showcases over 100 games. The project also plans to introduce sports betting over the next few months.

Rollblock lets $RBLK token holders build a passive income through its revenue share initiative.

To offer rewards, Rollblock will use revenue to purchase $RBLK tokens from the open market. It will then burn half the tokens it purchased to reduce token supply, and use the remaining 50% for rewards. These rewards will be paid weekly to $RBLK stakers, who can generate some of the highest returns in the market.

Having already sold out during stage one of its presale experts are extremely bullish about Rollblock. $RBLK tokens are currently priced at just $0.12, but will have increased by 800% by the end of presale.

This potential ROI in presale makes Rollblock one of the tokens that could outperform even the best performing meme coins. Many investors are already hedging their portfolios with RBLK.

To discover the exciting opportunities of the Rollblock (RBLK) presale today, visit the official website or join the community.

The post DOGE, XRP and AVAX keep plummeting but Rollblock (RBLK) looks set to defy the market appeared first on Invezz

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