August has just begun, and the crypto market is ready for massive rallies. Traders are actively searching for coins that could potentially deliver the highest gains, but analysts have already made their top gainer predictions. These are Cardano, Dogwifhat and Rollblock. Here’s why each project is expected to soar.
Expert Traders Are Buying Cardano (ADA) Dip
Cardano (ADA) has been on a downtrend since March. Even though Cardano managed to find some stability in mid-July, that sentiment didn’t last for long. At the time of writing, Cardano is trading at $0.3848 after an intra-day dip of over 2%. Major trading platforms like Binance and OKX are seeing a huge influx of Cardano, hinting towards a major sell off.
Despite these bearish indicators, some analysts are hopeful about a huge rebound. A recent report highlighting how Cardano’s negative funding rates have increased is hinting towards an oversold condition. Historically, reaching the oversold territory means that a coin is set to make a sharp recovery soon. If that stands true, then Cardano investors may be able to reap huge gains in August by buying the dip.
Dogwifhat (WIF) Price Plunges 6% in One Day
Even though Dogwifhat (WIF) was showing signs of recovery in mid-July, the memecoin has now plunged to a lower low. At the time of writing, Dogwifhat (WIF) is trading at $1.90 after a massive intra-day decline of 6%. This downtrend is not news for Dogwifhat holders since the memecoin has fallen 27.85% in the past seven days. Should it continue to fall, analysts fear that Dogwifhat could drop below $1.50.
Despite this poor performance, analysts are anticipating a huge climb for Dogwifhat in August. The memecoin’s Chaikin Money Flow (CMF) shows that the decrease is short-lived since selling pressure is still low. If the bulls take charge, then Dogwifhat’s value may rally to new highs once again.
Rollblock’s (RBLK) GambleFi Protocol Set for Massive Gains
Rollblock (RBLK) is redefining online casinos with DeFi. By using the latest blockchain technology to resolve long-standing trust and security issues, Rollblock is all set to capture a huge chunk of the $750 billion global gambling industry. Analysts suggest that if Rollblock can maintain its current momentum, it has huge potential to become the top new DeFi token of the year.
Rollblock’s crypto casino is fully licensed and audited by Solid Proof. Since the casino is already active and generating revenue with over 7,000 active users, analysts are predicting a huge influx of new investors soon.
The main reason behind this rapid growth is Rollblock’s unique no-KYC policy. With lengthy verification processes no longer in the picture, players can quickly sign up and enjoy complete anonymity.
Apart from offering 150+ casino games and a sports betting feature, Rollblock also has a revenue-share mechanism to maximize its DeFi utility. Each week, Rollblock spends up to 30% of its revenue to purchase RBLK tokens from the open market. 50% of these tokens are burned to keep supply scarce, while the remaining 50% is distributed to current investors. This gives RBLK holders huge rewards with better APYs than any other token in the market.
Stage 4 of the Rollblock presale has become its fastest selling to date. Early investors have already seen a massive 75% surge in value, and industry experts are anticipating up to 800% gains by the end of presale. At the time of writing, Rollblock is selling at $0.0175, giving investors the perfect opportunity to get their hands on this GambleFi token before it skyrockets in August.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://rollblockpresale.io/
Socials: https://linktr.ee/rollblockcasino
Credit: Source link
