Arbitrum has already lost its bullish momentum from last week, but Fantom is performing relatively well ahead of its token migration to Sonic. Meanwhile, the best bet in the market is still Rollblock’s explosive crypto casino, which has already rallied 200% in presale to reach a new all-time high this week.
Arbitrum (ARB) Needs a Bullish Injection to Survive
After last week’s 50-base-point interest rate cut, Arbitrum became one of the top altcoins by recording 11.37% gains on its weekly chart. However, Arbitrum seems to have lost that momentum already since Arbitrum’s volume is down by 0.76% in the last 24 hours. Arbitrum is currently trading for $0.6253 after an intra-day increase of 1.85%.
Despite Arbitrum showcasing more profits than other tokens right now, more than 90% of Arbitrum holders are still in losses. To regain bullish momentum, Arbitrum needs to break above its 100-day Simple Moving Average at $0.6333. If it doesn’t, Arbitrum’s price could fall to the $0.4073 support in upcoming weeks.
Fantom (FTM) Soars After Sonic Testnet Rollout
Fantom is allocating 200 million FTM tokens to support its migration to the Sonic blockchain, and the Sonic testnent went live earlier in September. Although the mainnet would be released sometime in December, Fantom’s price immediately skyrocketed. In the last 30 days, Fantom has experienced a huge 45.33% rally that signifies increased investor interest.
Fantom is currently trading for $0.7283 after an intra-day surge of 7.37%. Amidst this bullish market, Fantom’s daily chart is flashing strong buy signals as the token trades above all its Simple Moving Averages. Since Fantom’s MACD level and Momentum Indicator are still positive, there is room for more upswings before a potential consolidation. If this momentum keeps up in Q4, Fantom could test the critical $1 milestone.
Rollblock (RBLK) Leads DeFi Market with New GambleFi Project
Rollblock’s new GambleFi project has been making headlines ever since its ICO was launched. Over the last few months, Rollblock has managed to attract more than 20,000 early investors to its explosive presale, raising nearly $4M in the process. If this bullish momentum continues in Q4, Rollblock is expected to emerge as the biggest DeFi token in early 2025.
While Rollblock’s huge selection of 7,000+ AI-powered games contribute to these bullish predictions, the real reason behind Rollblock’s rise to success is the platform’s native $RBLK utility token. Aside from powering the ecosystem, traders can also add $RBLK to a staking pool to receive a weekly passive income.
With Rollblock’s revenue-sharing mechanism, the platform uses a portion of its casino revenue for open market buybacks of $RBLK. Half of these tokens are allocated as rewards for long-term holders, while the remaining half are burned forever to limit Rollblock’s circulating supply. Since Rollblock’s supply is capped at 8 billion tokens, RBLK’s price is expected to remain deflationary over time as demand exceeds the scarce supply.
In addition to long-term utility, Rollblock also offers gold-standard security protocols that traditional iGaming platforms could only dream of. Rollblock encrypts every transaction and bet directly on Ethereum’s immutable blockchain, freeing the casino from bet fixing and data leaks.
Rollblock has entered stage 7 of its presale at a selling price of only $0.03 per token. As this new GambleFi project gains momentum, it is expected to overthrow established tokens like Arbitrum and Sui by the end of 2024.
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