Rollblock (RBLK) Attracts Tens of Thousands of Early Investors, Raising Over $11 Million in Record Time

The XRP price continues to stall as it threatens to breach a critical support level that could lead to a plunge below $1 if buying activity doesn't pick up.

Cryptocurrency news platform reports that, as the price of XRP continues to stall and threatens to drop to $0.50 with a potential head-and-shoulders pattern emerging, investors are shifting toward revenue-sharing altcoins with untapped potential.

Among these projects is crypto casino Rollblock (RBLK), a new entry in the crypto gaming space that has quickly burst onto the scene with its viral presale. Having already attracted tens of thousands of early investors and raised over $11 million in record time, interest in RBLK is surging.

This interest is pushing analysts to predict that Rollblock’s valuation will reach a critical mass and surge once the RBLK token hits the markets.

The RBLK presale is tearing through milestones as over 50,000 users have joined the viral presale of the RBLK token and are already enjoying the platform’s massive gaming library.

Set to upend the $450 billion gaming industry, Rollblock is offering a new entry point into the Web3 space, operating on the Ethereum blockchain as its foundational layer. By bridging the gap between DeFi and online gaming, Rollblock brings its users the best of both worlds. This means unmatched ease of access and robust security protocols without sacrificing transparency and user privacy.

More than 8,000 games await new players, ranging from all-time favorites such as roulette and blackjack to live games for the thrill of a real Vegas experience. In addition to this, sports enthusiasts can enjoy a sports betting option, further expanding the scope of the Rollblock experience.

Rollblock has been designed to double as an investment vehicle, and through its revenue-sharing system, users will be able to earn passive income with zero hassles. To sustain this, Rollblock will reinvest up to 30% of its weekly revenue to perform open-market buybacks. A portion of this amount will be redistributed to investors, encouraging long-term holding. The rest will be burned, creating the ideal deflationary environment for scarcity-driven price growth.

Until the end of March, users can participate in the Mayhem initiative and earn a 30% bonus for each friend they refer.

This pattern could spell doom for the XRP price

Analyst Peter Brandt shared a bearish outlook regarding the price of XRP, suggesting that it might fall to $0.50 if a head-and-shoulders pattern plays out.

"A classic bullish head-and-shoulders pattern is forming in the daily chart of XRP. If this plays out, we could see a move to $0.50 in the coming months."If the apex of the head-and-shoulders pattern is reached, it could lead to a substantial drop of over 180% from the high.

"If the apex of the head-and-shoulders pattern is reached, it could lead to a substantial drop of over 180% from the high. This would take us to around $0.50, which is roughly a 3.8 Fibonacci extension from the low point of the recent bull market in 2023," explained Brandt.

At press time, XRP is trading at $2.16 after experiencing a sharp rejection at the $2.47 resistance level. On the daily timeframe, XRP has posted a 7.6% loss after fully retracting its recent gains. A glance at the monthly chart reveals that XRP has been range-locked at around $2.30 and is currently testing the lower bound of its price channel.

As uncertainty grips the market, futures and perpetual traders are taking a step back from XRP, as reflected by the 1.3% decrease in Open Interest (OI), now standing at $1.6 billion. XRP’s recent dip also resulted in a significant liquidation event, as more than $22 million worth of long positions were wiped out, forcing market participants to tread carefully.

The RBLK presale offers a safe haven

In stage 10 of the presale, RBLK is currently priced at $0.062 and an 800% rally is expected by the end of the presale as demand keeps growing. But this is just the start of Rollblock’s moon mission — once the token is listed on major exchanges and the crypto gaming narrative starts ramping up, a 100x multiplier could be in the cards.

For more information on Rollblock, visit the website or socials.