Christmas week is just around the corner and analysts are betting big on some tokens that show the greatest potential for gains. Dogecoin and Avalanche might be facing short-term declines but analysts are still optimistic about potential trend reversals. Similarly, TRON and Cardano are regaining their upward momentum before the end of Q4’s bull run.
Meanwhile, Rollblock’s viral GameFi presale is leading the race by recording a massive 350% price jump in record time. Since Rollblock has already raised $7.34 million in presale, analysts believe the native $RBLK token is poised for bigger gains than most other tokens in the market.
Rollblock (RBLK) Leads the Altcoin Market with 350% Price Jump
Rollblock is emerging as one of the most popular altcoins in the market after its price recorded a massive 350% jump during the presale stages. Since Rollblock has already accumulated more than $7.34 million in record time, analysts are expecting the native $RBLK token to experience greater demand during Christmas week.
The reason why Rollblock is capturing investor attention is its viral GameFi model that is backed on Ethereum’s immutable blockchain. Unlike traditional iGambling platforms that are still considered unsafe, Rollblock has integrated the latest Web3 technology to make its GameFi project safer than ever. To make things even better, Rollblock’s smart contract has already passed a comprehensive SolidProof audit which is a testament to the platform’s commitment to security.
Thanks to these security features, Rollblock is offering the most provably fair iGambling experience in the market. On Rollblock’s GameFi protocol, traders can access more than 7,000 AI-powered games that can be played at any time and from anywhere in the world. Since Rollblock features casino classics like roulette and slots as well as new Web3-powered games like KENO and Car Racing, the platform is already attracting a huge number of high rollers and gamers to its GameFi project.
Since Rollblock’s gaming ecosystem is powered by the platform’s native $RBLK altcoin, the token is experiencing a significant rise in demand before the end of Q4. As Rollblock continues to gain active users, the native $RBLK token is expected to experience a 100x rally on its official launch day.
Dogecoin (DOGE) Short Holders Liquidate Positions Despite Bullish Predictions
Dogecoin’s transaction volume has fallen to its lowest level since November which indicates a massive drop in market activity. Since Dogecoin has failed to breach the critical $0.48 level since December 8, analysts believe Dogecoin’s short holders are rapidly liquidating their positions. Even Dogecoin’s Weighted Sentiment is suggesting a bearish market sentiment on social media platforms.
If this sentiment persists until the end of Q4, Dogecoin could struggle to attract new investors. However, since Dogecoin is trading in a descending triangle pattern, some market analysts are expecting another Dogecoin rally during Christmas week. At the time of writing, Dogecoin was trading for $0.3855 after an intraday decline of 3.20%.
Avalanche (AVAX) Price Crashes Despite Optimistic Predictions
Avalanche has just launched the mainnet of its highly anticipated Avalanche9000 upgrade. This ecosystem upgrade is likely to attract more Web3 developers to Avalanche as it allows them to create their own blockchains on the Avalanche network. However, despite these optimistic forecasts, Avalanche is currently experiencing a temporary decline due to some selling pressure.
At the time of writing, Avalanche was trading for $46.51 after a 4.19% intraday decline. Avalanche’s technical indicators are also painting a bearish picture as Avalanche’s MACD indicator reflects strong downward movement. Since Avalanche’s Momentum indicator also indicates bearish dominance, Avalanche’s price could experience a steeper decline before a potential trend reversal. If buying activity increases and bulls regain dominance, Avalanche could potentially surge by 31.81% from its current value to the R3 resistance at $61.88 by the end of December.
TRON (TRX) Gains Traction as Leading Stablecoin Blockchain
TRON’s market activity has experienced a remarkable surge during the past few weeks. In November, TRON’s network recorded $587 billion worth of capital inflows. As TRON positions itself as a primary network for stablecoin transfers, analysts expect TRON to continue its upward trend until the end of Q4’s bull market.
Despite these bullish predictions, TRON’s price is facing a short term decline because of low network activity. At the time of writing, TRON was trading for $0.2726 after an intraday decline of 3.89%. However, TRON appears to be regaining traction as the token is trading above all of its key Simple Moving Averages on the TRX/USDT daily chart. If buying activity increases, TRON could experience another rally towards its R3 resistance at $0.3301 soon.
Cardano (ADA) Records Massive Whale Accumulations During Market Fluctuations
The Cardano network has recorded 687 transactions that exceeded $1 million during the past seven days. Since this notable increase in Cardano’s large transactions suggests massive whale accumulations, analysts are optimistic about a massive Cardano rally by Christmas week. Over the previous month, Cardano addresses holding between $1 million and $10 million worth of tokens have increased by 67.29% which proves the bullish hypothesis.
Despite these positive market movements, Cardano’s price has declined by 3.91% over the last 24 hours. This price crash could be because of low network activity as Cardano’s trading volume has also declined by 10.07% during this period. Since Cardano’s RSI has already recovered to the neutral level, analysts believe Cardano could experience a trend reversal before the end of Q4.
Rollblock Emerges as Leading DeFi Altcoin During Q4’s Bull Run
Despite the recent Dogecoin rally, Q4 is still shaping up to be a massive altseason in the crypto market. While Avalanche, TRON and Cardano prices have already fallen into the red zone, the only altcoin still standing strong is Rollblock.
Since Rollblock’s viral GameFi project is attracting thousands of investors during its presale, analysts believe the native $RBLK token could record an even bigger price jump by Christmas week. If these bullish predictions stand true, Rollblock could continue its upward momentum and record a 100x rally on its official launch day in early 2025.
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Website: https://presale.rollblock.io/
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