With Bitcoin hitting a new all-time-high (ATH) earlier in the cycle than usual, a market correction was inevitable. That said, some altcoins have fared much worse than others. Avalanche (AVAX) has been one of the worst performers, with the Avalanche price down 60% since March and over 90% since its 2021 ATH.
Not all is bearish in the altcoin space, however, as investors begin moving into lesser known Stacks (STX), which appears to be finally catching a bid. Arguably, the best crypto to buy now is a new token, Rollblock. This presale token has the gambling industry worried, and many analysts are tipping major returns of 880% during the presale and a further 100% once it's added to the main exchanges and liquidity can pour in.
AVAX has been one of the worst performers in the entire crypto market, with the Avalanche price down on nearly every time scale. Originally touted as a highly scalable blockchain, AVAX was designed to support enterprise-grade solutions, using a unique consensus mechanism to achieve near-instant transaction finality.
Despite its promises, AVAX has underperformed compared to most of the market. Down over 90% from its ATH, and even down 60% since its yearly highs, there’s zero confidence among investors that the Avalanche price can bounce back.
Avalanche's underperformance may be attributed to increased competition from other competitors, or to a shift in investor interest towards newer projects with higher growth potential.
Stacks (STX) is unique among other cryptos as it offers smart contracts and dApps to Bitcoin. This might not have gone down well with the Bitcoin maximalists. Yet by leveraging the security and stability of Bitcoin, Stacks already boasts a competitive edge. With STX holders able to earn Bitcoin through stacking, it’s certainly of interest to savvy investors.
That said, the Stacks price has faced significant challenges since Q1 highs, falling 60% since March. This decline probably reflects the broader market trend, however, and with a recent turnaround in price action Stacks has now turned bullish over the last week.
Rollblock has the online gambling industry worried. With its innovative GambleFi platform that uses the best of centralized gaming with decentralized technology, this new online gambling platform is clearly catching a bid and it’s only in stage 3 of its presale. And the gambling industry is taking note!
The core of Rollblock’s ecosystem is its token, $RBLK. This allows for all transactions, payments, and any interactions throughout the platform. Users are able to play in a spectrum of popular table games and with a wide sports betting options, there’s pretty much everything under one decentralized roof.
Best of all, there’s no need for the cumbersome KYC process. Simply connect a crypto wallet or register with an email address and any user gets immediate access.
Rollblock isn’t just about gambling and getting around government oversight, however. In fact, the most appealing feature to investors is the multiple avenues to earn money.
Through the Hold to Earn program, token holders can earn passive income as the platform’s weekly revenue is shared. The Stake to Earn program provides additional rewards for stakers, thus encouraging long-term holding and active participation on the Rollblock platform.
Rollblock also boasts a strategic buyback and burn initiative in which tokens are regularly repurchased from the open market. Half of these will be burned, while the remaining 50% is distributed as rewards to stakers.
The presale of $RBLK tokens has already surpassed $1 million, with the token price up 50% in this short time. But don’t think the ship has already sailed, because analysts are predicting a huge 880% rise during the presale and the potential for a 100x increase after launch.