Popular cryptos Cosmos and Polkadot faced quite a few challenges in this calendar year, and their prices declined by a shocking percentage
Once adored by investors, Cosmos (ATOM) and Polkadot (DOT) have faced the brunt of this year’s bearish market sentiments, leading to a shocking decline in their prices. As a result, investors are now turning towards new altcoins like Rollblock (RBLK) that have the potential to 100x once they hit the exchanges.
While Cosmos and Polkadot continue to struggle with price drops and poor performance, new altcoins like Rollblock are gaining traction thanks to their strong utility and the potential to go to the moon once they hit the exchanges. Here’s a closer look at how Cosmos and Polkadot performed this year and why investors are switching over to new altcoins.
Cosmos fails to meet expectations with the Gaia Upgrade
Sentiments in the first quarter of this year were very positive for Cosmos (ATOM). However, in August, the price of the token dropped to $4.257, almost a full dollar less than it is at the time of writing. This drop was unexpected, as every investor was counting on the much-anticipated Gaia v17 upgrade to pump the price.
However, the launch was far from perfect and even led to a four-hour outage of the entire ecosystem. This left investors disappointed and also led to a minimal increase in the price of the token.
Price predictions for ATOM suggest a possible recovery to between $5.40 and $8.20 by the end of 2024. However, this is a far cry from its all-time high of $44.70. The bearish RSI of 32 shows that the struggles for Cosmos are far from over.
Bearish trends continue to plague Polkadot
The current price for Polkadot (DOT) has been hovering around $4.90 for a while now, which seems impressive. However, it’s over 90% down from the all-time high of $55. Investors were hoping that increased activity on the network and the rollout of new products, like the Polkadot Mobile App, would help DOT break through that stubborn $5 resistance level.
However, DOT has been trading below this level for months now and seems to be headed for lower prices. Polkadots’ battle to regain any of that old glory won’t get easier anytime soon. Bearish market indicators even suggest that DOT could drop to levels below $4.30, making the prospect of gains even more unlikely.
Investors are switching over to new altcoins like Rollblock
While popular cryptos continue to struggle, new altcoins are offering investors a chance to multiply their investments by 100x. This is because these coins are still valued at a few cents and have the potential to reach prices in the double digits once they hit the exchanges.
For instance, Cosmos and Polkadot are currently trading for a few dollars, while their ATHs were around $50. This means that investors who bought these coins during the hype could multiply their investments by 10-15x. However, with popular cryptos, the potential for multiplying your investments ends there.
On the other hand, new altcoins like Rollblock are still in their presale stages and are priced at a few cents. However, once they hit the exchanges, their prices are bound to multiply by 100x, giving early investors a chance to multiply their investments in a big way.
Rollblock’s dual utility is a game-changer for investors
At this time, Rollblock is still in its presale, presenting you with the option to step in on the ground floor. Currently, the presale is in stage 5, with 61.90% of tokens sold for the price of $0.022. In the sixth stage, the price will increase yet again, meaning you already have a guaranteed profit by the time the presale ends.
However, you have to be fast because the presale has already raised over $2.6 million, and each stage is selling out quicker than the other.
The Rollblock token functions not only for purposes of transacting in the platform’s online casino but also powers a revenue-sharing system, enabling the token holders to receive some passive income. This dual utility makes Rollblock a more attractive investment compared to popular cryptos, offering both the potential for price appreciation and ongoing earnings.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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