DOGE faces volatility following the liquidation of $12 million coins, which has now affected the DOGE coin price. Meanwhile, Rollblock extends its gains as more investors, especially crypto whales, show support.
Besides the swift progress made in presale, Rollblock is gaining attention due to its unique GambleFi token that aims to provide a seamless gaming experience. Rollblock is priced at $0.033 in its 7th presale round and has raised $4.93 million already.
GambleFi’s new king, Rollblock, nears $5 million revenue
As the GambleFi industry continuously evolves, one player that has emerged as a game-changer is Rollblock. The platform is a significant breakthrough as it aims to merge DeFi with gambling. Accordingly, the strength of Rollblock stems from its decentralized gambling concept that combines blockchain technology with gambling.
Through this, Rollblock aspires to provide a transparent and “provably fair” gaming experience and empowers players to verify the outcomes of their wagers, addressing long-standing concerns about security and fairness.
Additionally, Rollblock’s tokenomics fascinates investors. This is because it leverages deflationary mechanisms that ensure the scarcity of the RBLK token and drive its appreciation over time.
This strategic approach benefits token holders and enhances the overall value proposition of the Rollblock platform. To protect users’ privacy, Rollblock has implemented robust security protocols to safeguard players’ data and assets.
This commitment to user security and the platform’s transparency and fairness has positioned Rollblock as a valuable entrant in the online casino world, where trust and credibility are paramount.
Unsurprisingly, Rollblock has been a massive hit, with over $4.9 million in sales already. Analysts are forecasting substantial gains for the RBLK token once it hits the public market, with estimates suggesting potential growth of up to 100x post-presale, owing to its unique utility and scarcity.
Dogecoin: Massive liquidation points at uncertainty
Dogecoin (DOGE), the first meme coin, started as an accidental crypto movement. It is an open-source, peer-to-peer cryptocurrency that utilizes blockchain technology, a highly secure decentralized system that stores information as a public ledger.
Recent data from CoinGlass reveals an exciting insight into investors’ outlook toward the asset. Between November 3 and 4, over 84.9 million DOGE worth $12.8 million were liquidated from long and short traders. The figures show that long traders suffered a liquidation of $6.31 million, while short traders suffered over $6 million in liquidation.
The liquidation of both long and short traders suggests that the Dogecoin (DOGE) market had become quite speculative, with many investors taking on risky, overleveraged positions. When the price movement did not go as expected, these overleveraged positions were forced to close, leading to substantial liquidations.
Despite the liquidation, the DOGE coin price has witnessed a rollercoaster of activity, bouncing from a low of $0.1431. According to CoinMarketCap data, DOGE decreased by 2.1% within the first six hours of the liquidation, trading at $0.1556.
However, the coin’s trading volume has increased significantly, indicating heightened market activity. While some analysts predict a possible bull run, nothing is guaranteed.
As the US election intensifies, the crypto market has generally been marked by apprehension and caution. This has led to volatility in several crypto assets, such as fluctuations evident in Dogecoin prices.
With Rollblock’s impressive presale, there is a glimmer of hope for investors, and you should join the winning train now! For a limited time RollBlock Tokens are available with a 50% Bonus, providing the perfect opportunity to acquire $RLBK!
Discover the exciting opportunities of the Rollblock (RBLK) presale today:
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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