Market Downturn Impacts Pepe and Avalanche; Low-Cap Projects See Increased Interest
As the cryptocurrency market continues its downward trend, Pepe and Avalanche have been particularly hard-hit. Frustrated investors are redirecting funds towards low-cap projects with promising potential, such as crypto casino Rollblock.
Pepe's Downward Spiral
Pepe's recent rebound has proven feeble, reaching a low of $0.0000064. Despite a retracement to $0.0000071, Pepe has experienced a 6.8% intraday decline. Notably, trading volume has surged by 71%, with $475 million traded in the past 24 hours.
Pepe's price structure remains vulnerable to further losses, as a breach below support levels could trigger a downward spiral.
Avalanche's Ongoing Struggles
Avalanche has exhibited lackluster performance, with occasional price spikes quickly followed by significant sell-offs. Currently trading at $23.64, Avalanche has suffered a 4.2% decline over the past 24 hours.
Despite holding 12th place in the cryptocurrency market cap rankings with $12 billion, Avalanche's viability is threatened if the downtrend persists. The recent hack of DeltaPrime, a borrowing protocol within the Avalanche ecosystem, has raised concerns about security vulnerabilities.
Rollblock Spearheads GambleFi Revolution
Amidst the market turbulence, Rollblock is emerging as a frontrunner in the GambleFi sector. This community-backed casino leverages the vast potential of the online gambling industry, projected to reach $750 billion by 2028.
Rollblock provides a blockchain-powered casino experience that also enables users to earn passive income through its innovative revenue-sharing mechanism. With over 15,000 players, the platform boasts a wide selection of 150+ games without requiring KYC for registration.
Staking RBLK tokens offers attractive annual percentage yields (APYs). Rollblock allocates up to 30% of its weekly revenue to buy back RBLK tokens, reducing supply and supporting sustainable price appreciation. Half of these tokens are burned, while the remaining half is distributed as staking rewards.
Currently priced at $0.026, RBLK has raised approximately $3.5 million in its ongoing presale. Industry experts predict a 100x return multiplier in 2025 as interest in GambleFi grows and listings on major exchanges are finalized.