Introduction
Over the last decade, the cryptocurrency market has produced some remarkable projects championing the revolution of traditional finance. Binance Coin (BNB), Polkadot (DOT), and Near Protocol (NEAR) have emerged as some of the best cryptos to buy, thanks to their different roles in the growth of the industry.
However, for people looking to enter the cryptocurrency space, analysts have picked a new project with the potential to outperform some of the more established players. Let’s find out the unique proposition of Rollblock, and why it could become the top DeFi token of 2024.
Binance Coin (BNB) Struggles Under $600, Trend Turns Bearish
Binance Coin (BNB) was one of the hottest altcoins in the first quarter of 2024. However, after its early 100% price surge, the bullish trend of BNB has slowed down. Since forming a yearly high above $640 in March, the price of BNB has struggled to retain the $600 support level.
The persistent rejection of BNB at the 200 exponential moving average (EMA) indicates a strong bearish push. Binance Coin has also been forming lower lows & lower highs to confirm the downtrend drawing investors to look towards other top altcoins.
Polkadot (DOT) Struggles With Bearish Pressure Despite Interoperability Strides
Polkadot (DOT) has been one of the leaders in the interoperability of blockchains. In the latest move, Interop Labs’ has unveiled a tool that connects Polkadot with Bitcoin and Hedera Hashgraph with a goal to increase the blockchain interoperability of the network.
Despite what is a major advancement, the price of Polkadot has continued to struggle with bearish pressure. The price of DOT has plunged by 20% over the last 30 days and is down by more than 35% in the last 60 days.
Near Protocol (NEAR) in Consolidation Despite Surge in TVL
One of the top altcoins leading the AI crypto trend, Near Protocol (NEAR), has seen massive network growth in 2024. According to a recent report from Messari, the total value locked (TVL) in Near Protocol surged by more than 160% in the first quarter of the year.
While the Near network continues to grow, the price of the NEAR token has remained in consolidation. Over the last month, the price of Near Protocol has been stuck in the $5 and $7.5 range. While these altcoins face bearish pressure, Rollblock (RBLK) has emerged as the top DeFi token to buy now.
Rollblock (RBLK) Poised for Parabolic Surge in 2024
Rollblock (RBLK) is a new crypto gaming platform that was launched to bridge the gap between decentralized and centralized gaming. Rollblock brings the best of these two worlds into a whole new Gamble-Fi protocol aimed to target a specific market: online casinos and gambling. Rollblock was built with the latest revolutionary blockchain tech to address the age-long issues of casino and gambling industries in a new approach.
Capitalizing on the advantages of blockchain, Rollblock uses equitable gaming technology and offers its users a safe and easy-to-use platform that makes it different in the online casino industry. Rollblock is poised to become one of the best cryptos to buy because it is built to house an industry that could onboard over 280 million users by 2029.
In addition, holding the RBLK token gives users several opportunities to earn a passive income. Via the Hold To Earn program, RBLK holders can earn free tokens. They can also earn by contributing to staking, transaction fees, and token distribution events. RBLK is currently available at a cheap price of $0.01 in its presale but has been predicted to experience a parabolic rise to $10 in 2024.
Closing Thoughts
Rollblock is set to take the cryptocurrency industry by storm thanks to its connection to the online gambling industry. Its unique business model, earning opportunities, and growth potential mean RBLK will outperform some of the top players, such as Binance Coin, Polkadot, and Near Protocol, in the 2024 bull market.
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