Rollblock (RBLK) Presale Explodes, Amassing $9.9M as ALGO and PEPE Holders Face Crypto Massacre

Algorand collapsed over 30% in the past month, with losses more pronounced on the PEPE price, which has crumbled over 50%, negating all its recent gains.

Cryptocurrency prices continued to plummet on Monday evening as the total crypto market cap fell below $1.1 trillion, shedding over $200 billion in the past week alone.

Among the losers, Algorand (ALGO) price dropped over 30% in the past month, while PEPE price (PEPE) crumbled over 50%, wiping out all its recent gains. But on the other hand, the new altcoin called Rollblock (RBLK) continued to explode in presale, amassing over $9.9 million in the final stages.

ALGO price crashed 30% despite new staking program

Algorand prices enjoyed a strong rally in 2023, surging to highs of nearly $0.4 in February. However, the altcoin faced strong selling pressure at those levels, and has since corrected lower.

At current levels, ALGO trades at nearly 90% from its 2021 ATH of $2.8. That’s after losing over 30% of its value in the past month, reducing its year-to-date yields to a mere 73%.

The bearish wave pushed ALGO below its 50-EMA on the daily chart, and the altcoin is expected to dive deeper into monthly support in the $0.2 zone.

Despite the sharp decline, ALGO community sentiment remained 89% bullish amid the launch of an inclusive ALGO staking program, which doesn’t require a minimum staking amount, eliminating barriers to entry.

The initiative is expected to encourage active participation, attract retail investors, and encourage long-term ALGO holding, trumping selling pressure.

PEPE price negates post-election gains

The post-election crypto rally pushed the PEPE price to a new ATH of $0.00002836, delivering investors a more than 380% yield from its August lows.

However, PEPE has been trickling down over the past months, with its woes aggravated by the recent crypto wipeout, which plunged the PEPE price down to below $.00001.

Further, Spotonchain data shows the Pepe Coin team recently transferred 170B PEPE, with about 6B tokens moved to Binance. That has sparked widespread speculations and concerns of a potential selloff, affecting the PEPE’s price negatively.

The downward spiral has spurred PEPE whales to diversify into the new altcoins that offer more promising prospects.

New altcoin set to outshine PEPE and ALGO

The tailwinds of emerging online casino trends are expected to turn Rollblock into a multibillion-dollar iGaming giant, sending the new altcoin price to new all-time highs. RBLK tokens are going for $0.052 in Stage 10, so hurry up and load your bag before the price jumps to $0.065 in Stage 11.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino