It’s been a difficult month for Toncoin and XRP investors as prices have fallen by as much as 8%. These two cryptocurrencies, despite their high
Toncoin (TON) and XRP have both seen price setbacks this month, but XRP investors may be more concerned as Toncoin is still up 3.77% in the last 7 days. XRP on the other hand has dropped 3.76% in the last 7 days, but it is still showing signs of slowing down in its descent.
Meanwhile, a new cryptocurrency is making waves with a 110% surge in its presale. Experts predict that this is just the beginning, and they expect to see a 1000% increase before the end.
Toncoin Price Analysis
After hitting highs of $8.1775 in June, the Toncoin price is currently down to $6.43, marking a 12.48% decrease in the last month. The lows for the same period reached $6.086, showing that Toncoin had a rough time in the last 30 days of trading. However, despite the price setbacks, Toncoin holders remain largely unfazed. This is due to the fact that the lows are still significantly higher than the highs of last year, and Toncoin has dropped as low as $0.48 in the last 12 months.
Moreover, traders can expect some bullish momentum in the next few days as Toncoin is showing signs of slowing down in its descent. In the last 24 hours, Toncoin has only dropped by 2.16%, and together with the high trading volumes, this could lead to a price reversal before the end of the week.
XRP Price Analysis
XRP has shown an overall 8.19% increase in the last 30 days, but it has been struggling to maintain gains in the last 7 days. At its highest, XRP was trading at $2.44 back in 2018, but it has a long way to go to get anything close to that as the current XRP price is $0.5579.
However, XRP is showing signs of a reversal as in the last 7 days, the XRP price has only dropped by 3.77%, and 2.16% in the last 24 hours. This slowing down in price drops could lead to a price reversal where XRP might start seeing gains again.
Together with the fact that XRP is set to close a legal case with the SEC this year, investors are expecting a bullish breakout from XRP once the case is settled. If XRP manages to maintain support at $0.54, then we can expect prices to hit $0.6 before the end of the week.
Rollblock Surges 110% In Presale Event As Crypto Prices Drop
While Toncoin and XRP are experiencing ups and downs, Rollblock has only had positive gains since launching its GambleFi presale. This Web3 casino features a native cryptocurrency token ($RBLK) and an online casino that’s available to play now.
The casino is built on Ethereum blockchain technology and features a DeFi online casino and an array of casino games from top providers like Pragmatic Play, Evolution, and NoLimitCity. In total, there are over 150 games available at the casino, ranging from slots to live dealer games and table games.
Moreover, new customers can register at the casino in a few minutes, thanks to the lack of KYC checks required to use the platform. Together with a 100% deposit match bonus on their first deposit, this is attracting a lot of attention from casino enthusiasts and crypto investors alike.
$RBLK is the GambleFi ecosystem token that can be used to play games at the crypto casino. It also has excellent potential for ROI as part of Rollblock’s revenue share model. Rollblock intends to use up to 30% of its weekly casino revenue to buy back $RBLK from the market.
Half of these purchased tokens are burned which helps maintain the $RBLK value and keep it highly deflationary. The over 50% are used as rewards for investors who have staked their tokens. This means that $RBLK holders get regular dividends but also utility at the online casino.
Currently, the Rollblock presale is in stage 5 and the price is trading at $0.021 following several increases over the past month. Overall, it represents over an 110% increase and analysts predict this can surge by 1000% by the end of the presale, with Rollblock already raising over $2.1 million.
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