Altcoin season is here, and the bulls should be running. But the second week of December saw many altcoins pull back, many from new all time highs (ATHs). Cardano and Shiba Inu, in particular, took a haircut after a particularly bullish ‘Moonvember’ but seem to be on the upswing again.
At the same time, the new GambleFi token Rollblock smashed through the $7 million mark in presales. Let’s see what happened in the markets.
What you'll learn 👉
Rollblock (RBLK): Altcoin Presale Reaches $7 Million Milestone
Presales are where fortunes are made, and Rollblock is proving why early access matters. This new GambleFi altcoin has already raised over $7 million in liquidity during its presale, and investors are taking notice. Unlike established tokens struggling with market corrections, Rollblock offers an opportunity to get in before the real growth begins.
Presales allow early investors to secure tokens at discounted rates, often resulting in significant returns when the coin lists on exchanges. Rollblock’s innovative blend of decentralized finance (DeFi) and online gambling positions it as a standout altcoin. With a model built for sustainability and a thriving ecosystem, Rollblock is designed to thrive even in market downturns.
For investors looking to maximize their gains, Rollblock isn’t just another altcoin; it’s a calculated bet on long-term success.
Cardano (ADA): Establishment coin gains relevance again
In 2021, Cardano was one of the most prolific altcoins in the cryptosphere. It was hailed as one of the top three altcoins ever developed, along with Ethereum and XRP. On 16 May 2021, Cardano reached its first ATH at $2.29 and shortly afterward made it to $3.10.
But Cardano tumbled from its 2021 ATH to a low of under $0.25 in October of this year. The top-3 token was struggling to be in the top 20. But Cardano is back! In a move nobody saw coming, the altcoin spiked a whole Dollar from about $0.30 to $1.30. Percentage-wise, that’s 333%! However, Cardano took a tumble again and lost almost 30% on a market retraction. However, you can’t keep a good bull run down, and Cardano has already regained 8%.
Shiba Inu (SHIB): Meme coin comeback turns profitable
Shiba Inu may be about 70% below its ATH, but that does not mean it is not profitable! Shiba Inu is up 110% on the 90-day candle, and all signs are that this coin is just getting started. But like Cardano, Shiba Inu saw some downward pressure as profit-taking pushed the price significantly downwards at the start of the second week of December.
Shiba Inu was not unique in this, as the entire market recorded a downturn, and for Monday and Tuesday, indicators were almost universally red. By Wednesday, the tide turned green, though, and Shiba Inu was up 4% on a 24-hour candle, but it had not managed to go past its end-November highs just yet. Give it time.
Conclusion
Altcoin season might have seen a slight correction, but it is all systems go for at least the next few months. Several tokens have reached their ATHs, and others like Cardano and Shiba Inu are making comebacks. However, the power and possibility of Rollblock have investors coming back for more as its presale exceeded $7 million in liquidity.
Rollblock is now available at $0.041.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
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