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Cryptocurrency News Articles
Rollblock (RBLK) Records Massive Surge in Demand After CoinMarketCap Listing
Jan 26, 2025 at 03:13 pm
Rollblock's GambleFi project is emerging as one of the leading DeFi altcoins during this quarter.
Cryptocurrency news for today, January 22, includes a massive surge in demand for Rollblock (RBLK) after its CoinMarketCap listing, while TRON (TRX) and Polygon (MATIC) saw significant whale activity.
Key Points:
- Rollblock (RBLK) is emerging as one of the leading DeFi altcoins this quarter with a 600% increase in new registrations during December 2024.
- TRON (TRX) saw a massive investment from World Liberty Financial (WLFI), which is boosting TRX’s price movements and attracting attention from whales.
- Avalanche (AVAX) crossed the critical $35 resistance but faces bearish technical indicators, leaving investors skeptical about its long-term growth.
Rollblock (RBLK) Records Massive Surge in Demand After CoinMarketCap Listing
As we move through the first quarter of 2025, several promising altcoins are emerging from the depths of the crypto market – and one project that has managed to capture the attention of many is Rollblock (RBLK). This GambleFi project is making waves in the decentralized finance (DeFi) space, thanks to its unique combination of a utility altcoin, 7,000+ AI-powered games, and attractive staking rewards.
During its early presale stages, Rollblock has already managed to accumulate over $9.35 million – and this massive adoption rate is largely due to its robust infrastructure. But what truly sets Rollblock apart is its vision to bring trust and transparency back to iGambling platforms.
By leveraging the latest Web3 technology and Ethereum’s immutable blockchain, Rollblock gives players a provably fair betting experience. All financial information is routed through Rollblock’s smart contract which has already passed a SolidProof audit, adding to the platform’s appeal.
Over $1.75 million in bids were wagered on Rollblock during December 2024. As analysts expect to see a bigger number by the end of January due to Rollblock’s newly launched sports betting feature – where users can place bets on top international sports such as MMA, soccer and the NFL – this could be just the beginning for RBLK.
In other exciting news, the GambleFi ecosystem is also giving back to its loyal community of investors. Rollblock uses up to 30% of its revenue to purchase RBLK on the open market and distributes 40% of these tokens to current stakers as rewards. The remaining tokens are then burned to create scarcity and make RBLK deflationary.
With new players able to invest in RBLK for just $0.047 and the token value expected to rally before the start of February, Rollblock is quickly becoming one of the most hyped new projects in the market.
TRON (TRX) Records High Whale Activity After Massive Investment from WLFI
One of the biggest beneficiaries in the crypto market after Trump’s inauguration has been TRON (TRX). Ever since November 2024, when TRON founder Justin Sun announced a $10 million investment from World Liberty Financial (WLFI), TRX has seen a close connection to Trump.
This week, the Trump-owned WLFI purchased more TRON tokens, valued at $4.7 million. These investments triggered a spike in whale activity as TRON’s large transaction volume surged by 450%. Since this surge indicates high investor confidence, TRX could continue its ongoing upward movement and test the nearest resistance at $0.3.
For now, TRON trades at $0.258 after a weekly increase of 3.41%. As TRX bulls aim to push the token above the $0.3 resistance level, we could see TRON’s price finally begin to react to these large investments from WLFI.
Avalanche (AVAX) Remains Bearish Despite Crossing Critical Resistance
Avalanche’s price has recorded several fluctuations over the past seven days. While AVAX’s price managed to break above the $48 level on two separate occasions, it immediately retraced below the $35 level both times. Although Avalanche is showing resilience during these fluctuations, the token’s technical indicators are still showing signs of weakness.
Avalanche’s RSI has fallen below the neutral level at 50 while the MACD line has formed a bearish crossover with the signal line. Both these indicators suggest a strong downward momentum in Avalanche’s price.
Avalanche currently trades at $36.22 after an intraday increase of 0.96%. If Avalanche bulls can regain market dominance, we could see AVAX’s price retest the $40 level within the next few weeks.
Polygon (POL) Gains Attention Amid Surging Whale Activity
Despite Polygon’s price failing to react to the switch from MATIC to POL in September 2024, Polygon is gaining attention during this quarter. As we keep an eye on the token’s
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