Tokens like Simon’s Cat, MultiversX, and Mina are all showing bearish outlooks for the short term despite being poised for big gains by the end of Q4. Meanwhile, Rollblock’s early investors are already enjoying up to 160% ROI, with another 800% rally expected before the end of the presale stages.
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Simon’s Cat (CAT) Loses Momentum to Viral Altcoins
Simon’s Cat recorded a massive 136% rally in the last 30 days, making analysts positive about its positive momentum and ability to outpace viral altcoins. However, with Simon’s Cat recording a Fear & Greed Index of 32, there still seems to be a sense of caution around this viral meme coin. Simon’s Cat is currently trading at $0.00003132 after an intra-day decline of 9%.
Simon’s Cat is also experiencing a 47% uptick in 24-hour trading volume which often suggests profit-booking amongst investors. On the 4-hour chart, Simon’s Cat is beginning to lose momentum as the MACD level and Momentum Indicator are both flashing bearish signals, suggesting that Simon’s Cat could see a decline over the next week.
MultiversX (EGLD) Set for Trend Reversal
Despite MultiversX’s recent listing on Bitstamp, MultiversX’s price hasn’t been able to gain momentum. Although MultiversX has innovative features like smart contracts focused on fintech and DeFi, the token is still deep in bearish territory. For now, MultiversX is trading at $24.73 with a 6.26% intra-day dip.
MultiversX’s volume has surged by nearly 70% in the last 24 hours, signalling a potential sell-off. As MultiversX’s RSI falls into an oversold zone, MultiversX is likely to experience a reversal in upcoming weeks as altcoins begin to gain traction.
Mina (MINA) Trembles Under Bearish Dominance
Mina might be an impressive L1 protocol with a highly compact blockchain but the token hasn’t been able to gain traction as a popular altcoin this month. After an intra-day decline of over 6%, Mina is currently trading at $0.4143.
Given all the bearish signals on Mina’s daily chart, the 44% uptick in Mina’s volume indicates a profit-taking sentiment amongst investors. In the short-term, Mina investors are likely to experience losses as the sell-off continues. However, once Mina reaches oversold territory, a trend reversal could make Mina’s price climb to $0.525.
Rollblock (RBLK) Outperforms Competitors as Hottest Low-Cap Altcoin
Even when other altcoins like MultiversX and Mina are down under bearish pressure, Rollblock (RBLK) is continuing to shine through the market with its incredibly resilient growth. Over the last few months, Rollblock’s price has rallied by a massive 160% during presale stages, hinting at the token’s explosive 100x potential. If these bullish predictions stand true, Rollblock’s viral crypto casino could become the biggest DeFi altcoin by the end of the year.
Since Rollblock is still in presale, it is considered a low-cap altcoin with nearly $3.5 million raised through 15,000 early subscribers. However, Rollblock’s casino is quickly gaining traction due to its Ethereum-backed security and revenue-sharing rewards, suggesting that the token’s market cap could skyrocket as soon as Rollblock is launched across decentralised exchanges.
Even in presale, Rollblock’s casino is already active and generating revenue by offering a huge collection of 150+ AI-powered games that are fully regulated by both Solid Proof and Gaming Curacao. With no KYC verifications, Rollblock is revolutionising online casinos by removing entry barriers and allowing new traders to sign up by linking their wallets and depositing a crypto of their choice.
While traders can earn through Rollblock’s play-to-earn mechanism, they can also become liquidity providers in Rollblock’s iGambling ecosystem to become entitled to weekly staking rewards with up to 30% APY.
For now, Rollblock’s presale stage six is nearly 65% sold out, with tokens selling at only $0.026 each. As the alt-season hype builds, Rollblock is poised for another huge price jump before the end of this week.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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