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Breaking News: The Ethereum Indicator That Never Missed A Bottom Is Signaling Again, This Time At $700
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Breaking News: The Ethereum Indicator That Never Missed A Bottom Is Signaling Again, This Time At $700

FET and RENDER Unlikely To Sustain Pump On Nvidia Earnings Hype, But This Altcoin Could 3x In September

Bitcoinist
by Bitcoinist
Last Updated: September 2, 2024 1:54 am
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

After Nvidia’s lackluster results in late August, many speculate that we could be due for an AI winter, impacting FET and RENDER. However, there could be an alternative: Rollblock. 

With a vision to disrupt traditional gambling and an expected 3x surge in September, many are calling Rollblock the best altcoin to buy right now. Let’s find out why.

Fetch.AI tumbles amid NVDA concerns

Fetch.AI is a project that aims to produce an AI-powered decentralized digital economy with use cases in the supply chain, finance, and transportation industries. Fetch.AI recently teamed up with SingularityNET and Ocean Protocol to form the Artificial Superintelligence Alliance to create a new frontier in AI research and development.

Fetch.AI benefited massively from the AI gold rush that began in late 2022, with FET’s price rocketing from about $0.06 to a peak of $3.27 by March of this year. This rise coincided with Nvidia’s spectacular bull run, as the company’s GPUs, the lifeblood of the industry, drove its stock up nearly 10x over the same period. 

However, while positive, Nvidia’s recent earnings on August 28th missed the high bar set by investors, falling 7% in after-hours trading. FET’s price mirrored this dip, sliding 8% to $1.06 on the 30th before clawing back to $1.24 by the 31st.

Render’s poor performance could signal AI winter

Render is a blockchain-based platform that decentralizes 3D rendering using idle GPU power. However, Render’s also found use in the AI industry, given the huge demand for GPUs that machine learning programs create.

Riding the AI craze, RENDER soared from a modest $0.40 in late 2022 to over $13 by March this year. However, with the frenzy cooling and Nvidia’s earnings disappointing, RENDER has slid, dropping 7% post-earnings to a low of $4.97 on August 30th after peaking at $6.50 on the 27th. It’s since rebounded to $5.30 by the end of August, but the poor performance of FET and RENDER is already driving concerns about an AI winter.

Rollblock’s GambleFi setup could be a game-changer

With the AI market looking frostier than ever, Rollblock might just be the best altcoin to buy right now. As one of the world’s first fully licensed, community-backed crypto casinos, Rollblock is set to disrupt the traditional gambling industry. 

Its GambleFI model offers RBLK holders a direct slice of the casino’s daily revenue and solves several key issues in the industry. For instance, Rollblock is fully transparent thanks to its blockchain-based setup and keeps things simple, requiring just an email address and crypto wallet with no lengthy KYC processes.

Beyond its impressive passive income potential, Rollblock also features tokenized cashback and frequent token burns to maximize value for its players. Crypto casinos are already a massive threat to legacy gambling giants, and Rollblock’s community-first model could be the final blow. 

In stage 6 of its presale at $0.024, it’s raised $3 million and could soar 3x by September. But some insiders believe this is just the start—Rollblock could explode 50x or even 100x in the coming months. Tokens are selling out quickly; don’t miss your chance to jump aboard this revolution before the market catches on.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino 

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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