Rollblock reaches its fourth new high in July, JASMY breaks key resistance, but Algorand continues to lag behind the market.
Points
- Rollblock （RBLK） reaches a new high at $0.017.
- JASMY breaks critical resistance, signaling a potential breakout.
- Algorand （ALGO） struggles to keep up, facing downward pressure.
The cryptocurrency market has seen varied performances from different tokens in July. Rollblock （RBLK） has made significant gains, reaching its fourth new high this month at $0.017. The crypto-backed casino’s unique revenue-sharing model and deflationary tokenomics have contributed to its rising popularity and price.
JasmyCoin （JASMY） Token Lockup Sparks Rally
JasmyCoin （JASMY） recently initiated a process to lock up over 100 million JASMY coins, aiming to reduce sell pressure and prevent early investors from dumping their holdings. This strategic move has resulted in a price increase of over 10% in the past week, with JASMY breaking through a key resistance level at $0.027. This breakout signals potential for further bullish momentum, with bullish analysts predicting targets of $0.30 to $0.45.
Algorand （ALGO） CBDC Fears Frustrate Holders
Algorand （ALGO） has been underperforming, currently trading around $0.15. The blockchain’s involvement in the Swedish Riksbank’s CBDC trial has not been well-received by investors, leading to a nearly 14% decline over the last three months. Fears of further downside pressure are prevalent, with overhead resistance likely to hinder any potential recovery. Investors are advised to hedge their positions to reduce exposure to further declines.
Rollblock （RBLK） Crypto Casino Speeds Through Presale
Rollblock continues to gain traction, with its token now in stage 4 of its presale. The platform offers a variety of popular games and sports betting options, attracting a growing user base. Rollblock’s innovative revenue-sharing and token burn model ensures a deflationary supply, driving demand and price increases. Analysts predict that RBLK could see a 200x rally in 2024, making it a promising investment opportunity.
解説
- Token Lockup Strategy: JasmyCoin’s token lockup strategy reduces sell pressure and helps maintain price stability, providing a bullish outlook for the token.
- Market Sentiment: Algorand’s involvement in CBDC trials has led to negative sentiment among investors, contributing to its underperformance.
- Deflationary Tokenomics: Rollblock’s innovative model of revenue-sharing and token burn creates a deflationary effect, driving long-term value for RBLK investors.