Samson Mow, CEO of Jan3 and founder of Pixelmatic, expressed concerns about potential manipulation in the Bitcoin price movements in a recent panel discussion at Consensus Hong Kong. Mow’s case is based on the seeming contradiction of supply and demand laws, implying the Bitcoin price is fixed. If Mow is right, the entire house of cards can tumble down. Ironically, the recent severe market downturn proved Mow wrong. But it’s still a severe downturn.
Fortunately, there’s a new altcoin on the market that can bypass market downturns, and it’s lauded for its transparency. Rollblock, the utility token of a new online casino, is a bear-proof new altcoin that just keeps on ticking.
As the market slowly recovers from a big month-end knock, investors are reminded that some assets can be bear-proof! Rollblock is a new altcoin that fits that bill like a glove. The RBLK token is the utility token of the Rollblock online casino, a new platform that serves over 7,000 games to its global audience.
And now, Rollblock is having a presale of their new altcoin to raise liquidity for their online casino, and it is here where Rollblock’s bear-proof quality comes in. Online gaming is an evergreen business, and while Rollblock is technically a cryptocurrency, it is not tied to market forces but is instead linked to the fortunes of the online gaming industry. The good news is this industry is worth $500 billion per year.
The better news is thanks to Rollblock, this industry is now set free to grow even bigger, thanks to Rollblock being the first Ethereum-based play-to-earn online casino. This provides unparalleled transparency and security and makes the new altcoin a brilliant token in which to invest.
The Bitcoin price came in for some stick, dropping from a hair under $100k to crunch below 84k. This hurt, but lest we forget, it was only in November that Bitcoin was below $70, and an $85k price was coveted.
This does disprove Samson Mow’s assertion that the Bitcoin price is fixed. Mow highlighted that both institutional and retail investors have been actively accumulating Bitcoin. He pointed out that if the Bitcoin price remains stagnant despite this demand, it implies substantial selling pressure from other entities. He noted, “If the Bitcoin price isn’t moving despite institutions and retail buyers accumulating BTC, then someone must be selling.”
He said all this before the Bitcoin price fell 15% in the space of three days, proving the market forces of supply and demand are alive and well.
The bottom line is Bitcoin price took a knock, but it’s resilient, and we’re looking at an overall uptrend and the Bitcoin price is still on track to peak at about $180k this year.
Don’t let the downturn in the Bitcoin price discourage you. It’s still a rock-solid asset and can, and will, bring great prosperity. However, Bitcoin is slow and lumbering, and when it comes to investment, one would want a token that can outperform the market average. In that regard, the clear winner is Rollblock, a new altcoin that will keep on giving, even in a bear market.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Pooja Lodwal is a skilled crypto writer with three years of experience in blockchain and digital currencies. She simplifies complex topics, making cryptocurrency easy to understand for all readers. Whether it’s Bitcoin, altcoins, NFTs, or DeFi, she breaks down the latest trends in a clear and engaging way. She stays updated on market news, price changes, and emerging developments to provide valuable insights. Her articles help both beginners and experienced investors navigate the ever-changing crypto landscape. Pooja believes in blockchain’s potential to transform the future of finance and is passionate about sharing her knowledge. Her writing is simple, informative, and accessible, ensuring that even newcomers can grasp key concepts with ease. By breaking down complicated terms, she makes learning about crypto enjoyable. Through her work, Pooja continues to educate and inspire readers, helping them stay informed about the exciting world of digital assets.
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