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Cryptocurrency News Articles

Polygon (POL) and Internet Computer (ICP) Show Signs of a Resurgence But They Are Still Vulnerable to Volatile Market Forces

Oct 25, 2024 at 06:00 pm

Meanwhile, Rollblock's viral GambleFi project has already raised nearly $5 million in presale as analysts expect a massive 100x rally on the token's

Polygon (POL) and Internet Computer (ICP) Show Signs of a Resurgence But They Are Still Vulnerable to Volatile Market Forces

Polygon (POL) and Internet Computer (ICP) are both showing signs of a resurgence, but they are still vulnerable to volatile market forces. Meanwhile, Rollblock’s (RBLK) viral GambleFi project has already raised nearly $5 million in presale as analysts expect a massive 100x rally on the token’s official launch day in Q4.

Polygon’s (POL) Technical Chart Hints at an Upcoming Rally in Q4

Polygon has been on a downtrend since March 2024 despite the positive momentum across the crypto market. Although Polygon’s recent ticker switch from MATIC to POL was expected to trigger bullish momentum, Polygon’s price has still recorded 13.55% losses over the past 30 days.

However, technical analysis hints at an upcoming rally for Polygon in Q4. Polygon is currently trading at $0.3525 after an intra-day decrease of 1.86%. But volume has increased by 25.68% over the last 24 hours, indicating a possible rise in buying activity.

Since Polygon’s RSI is in an oversold zone, it could start a rally and break above $0.37 soon. If Polygon gains traction in Q4, the token’s price could surge towards the $0.44 resistance in the next few weeks.

Internet Computer’s (ICP) Resilience Attracts New Investors at Critical Support Levels

Internet Computer emerged as one of the top 3 gainers in the altcoin market yesterday. Most altcoins are struggling to stay afloat as investors rotate their capital into blue-chip cryptocurrencies like Bitcoin and Ethereum.

However, Internet Computer has recorded 4.03% gains over the past 24 hours. Since Internet Computer is showing resilience at a time when most altcoins are floundering, analysts are expecting a breakout for Internet Computer soon.

A closer look at Internet Computer’s price chart reveals that the token’s price has consistently formed higher lows since mid-June. This technical formation is usually observed when more buyers are present at critical support levels.

Internet Computer is currently trading at $8.12 after a 1.37% intra-day increase. Internet Computer’s volume has also increased by 19.79% over the last 24 hours, indicating greater investor confidence.

As Internet Computer’s RSI approaches the neutral zone at 50, analysts are preparing for a massive rally for Internet Computer in the next few weeks. If that happens, Internet Computer’s price could rally towards the $10.42 resistance.

Rollblock (RBLK) Rolls to New High in Presale Stage 7

Rollblock (RBLK) is a new crypto project that has managed to attract nearly $5 million in investment in just a few short months. Since Rollblock’s presale began in June 2024, the token’s price has already surged by 218%.

Now, as Rollblock’s presale nears its end, analysts are expecting a massive 100x rally on RBLK’s launch day. If that happens, this GambleFi project will be跻身 the crypto Top 10 list.

Rollblock is a decentralized online casino that combines elements of both centralized and decentralized gambling. The platform offers a wide range of casino games, including slots, blackjack, roulette, poker, and baccarat.

However, Rollblock is able to outshine the competition by offering unique features, such as high-roller VIP bonuses, free spins to token holders, and an attractive revenue-sharing model that offers staking rewards of up to 30% APY.

Rollblock also uses 30% of its weekly revenue to purchase tokens on the open market. While 40% of these repurchased RBLK tokens are distributed as rewards, the remaining 60% are put through a token burn mechanism that makes RBLK’s price highly deflationary over time.

As a result, analysts believe that RBLK’s price will skyrocket as soon as demand exceeds the limited supply of 1 billion tokens. For now, Rollblock’s native $RBLK is available exclusively on the official website for a low price of only $0.0318 per token.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://rollblockpresale.io/ Socials: https://linktr.ee/rollblockcasino

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Other articles published on Oct 25, 2024