|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Tron and Avalanche Whales Allocate Profits to Disrupt the $450B Online Gambling Market with Rollblock
Nov 07, 2024 at 05:00 pm
A recent trend has emerged in crypto that has seen investors in layer 1 chains such as Tron and Avalanche take profits to make an allocation to the incredibly promising Rollblock ($RBLK) presale, as this crypto casino looks set to disrupt the enormous online gambling space.
Investors In Tron, Avalanche Taking Profits To Make Allocation To Rollblock ($RBLK) Presale
As the crypto market continues to show signs of life following the recent Bitcoin (BTC) price dump, investors are once again piling into promising altcoins and presales.
A recent trend has seen investors in layer 1 chains such as Tron ($TRX) and Avalanche ($AVAX) taking profits to make an allocation to the incredibly promising Rollblock ($RBLK) presale, as this crypto casino looks set to disrupt the enormous online gambling space.
Tron ($TRX) Founder Sun Takes To X To Set The Record Straight
Tron has fallen 1.7% in the last 24 hours to reach $0.16. In the last 30 days of trading, Tron has added 5% to its market cap, although Tron’s price action ran into difficulty above $0.17, where it was met with severe selling pressure from Tron whales.
Tron founder Justin Sun recently chimed in on the exchange listing fee controversy, tweeting that Coinbase (NASDAQ:COIN) required an $80 million deposit for listing Tron. Having such a vocal chairman at the helm is largely bullish for the Tron ecosystem, as many of the biggest Tron meme coins launched this summer were based around its founder, such as Sundog.
Tron Price Analysis: TRX Ignored By Institutions As Price Smashes Below $0.17
Tron whales have been accumulating heavily in recent months, and this has coincided with some of the biggest meme coins launching on the Tron chain, such as Babydoge. Tron whales have been manipulating the price of these coins to generate huge gains, and many crypto investors have become millionaires thanks to these coins.
Tron is now ranked 13th on Coinmarketcap, with a market cap of $11.2 billion. Tron has been trading within a range for the past few months, with support at $0.15 and resistance at $0.17. Tron whales have been accumulating heavily around the support zone, and this has prevented the price from falling any lower.
On the upside, Tron whales have been selling their coins aggressively around the resistance zone, and this has prevented the price from rising any further. Tron whales are likely to continue to manipulate the price of the coin in this way until they are able to accumulate enough coins to drive the price up significantly.
Tron is a layer 1 chain that is known for its fast and cheap transactions. Tron has also become a popular chain for launching meme coins and other shitcoins due to its low fees and ease of use. Some of the most successful Tron shitcoins include Babydoge, Dogechain, and Troncat.
Tron meme coins have generated huge gains for early investors, and many people have become millionaires thanks to these coins. However, it is important to remember that these coins are also extremely risky, and there is a high chance of losing your investment.
Avalanche ($AVAX) Lives Up To Its Name With A Slide From $26
Avalanche has had a challenging week of price action, falling 12% in the last 7 days to hit $23.3. Avalanche reacted strongly to the recent Bitcoin dip, falling from $26.5 in a relentless downward channel.
Some short-term relief could come for Avalanche holders in the form of a recently announced Grayscale fund that aims to be the first US multi-crypto ETF. This would include exposure to top digital assets, including Bitcoin, Ethereum, and Avalanche. If approved, the floodgates would be opened for massive institutional adoption of the Avalanche chain, which could propel Avalanche beyond $40 due to the increased buying pressure.
Avalanche Price Analysis: AVAX Price Slips Below $24 As Institutions Circle
Avalanche whales have been accumulating heavily in recent months, and this has coincided with some of the biggest meme coins launching on the Avalanche chain, such as Shibx. Avalanche whales have been manipulating the price of these coins to generate huge gains, and many crypto investors have become millionaires thanks to these coins.
Avalanche is now ranked 11th on Coinmarketcap, with a market cap of $12.3 billion. Avalanche has been trading in a range for the past few months, with support at $22 and resistance at $26. Avalanche whales have been accumulating heavily around the support zone, and this has prevented the price from falling any lower.
On the upside, Avalanche whales have been selling their coins aggressively around the resistance zone, and this has prevented the price from rising any further. Avalanche whales are likely to continue to manipulate the price of the coin in this way until they are able to accumulate enough coins to drive the price up significantly.
Avalanche is a layer 1 chain that is known for its fast and cheap transactions. Avalanche has also become a popular chain for launching meme coins and other shitcoins due to its low fees and ease of use. Some of the most successful Avalanche shitcoins
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Naira weakens against dollar by 0.61% to N1,681/$1 amid low forex supply
- Nov 07, 2024 at 08:30 pm
- esanya
-
- HashKey Lists HSK Platform Token, Arkham Research to Launch Perpetual Futures Exchange, Binance Adds New SOL Trading Options
- Nov 07, 2024 at 08:30 pm
- Over the past day, Binance and several altcoin projects have made critical announcements. HashKey Global's decision to list its platform token HSK has drawn attention.
-
- The Hidden Side of Zero-Knowledge Technology: Changing Lives and Elevating Security
- Nov 07, 2024 at 08:25 pm
- In recent years, technological advancements have consistently pushed the boundaries of possibility, and Zero-Knowledge (ZK) technology is no exception. While much has been touted about its potential to bolster AI security, there are lesser-known facets of ZK that are poised to have profound impacts on people, communities, and even countries.