1.Aave
Aave (AAVE), a leading money market protocol, is poised for recovery after sustaining almost sideways movement for most of 2024. From April to October, AAVE traded below $200. By November, the popular money market platform surged, eventually breaching the $300 mark
The project’s 7-day price range found support at around $280, and market analysts are bullish on its short-term performance. Investors’ bullish sentiment on AAVE is backed by its RSI of 52, which indicates increased buying pressure. Finally, on-chain data suggests that most traders and investors are on the long side, as reflected by the asset’s Long/Short ratio at 1.13. This metric indicates that for every 1.13 Aave long positions, there’s one short position, which reflects a bullish sentiment.
2.Jupiter (JUP)
Jupiter (JUP), a DEX aggregator, is headed for a breakout days after the project announced its token burn mechanism and a $600 million JUP token buyback program. According to its founder, ‘Meow,’ the token-burning initiative aims to remove up to 3 billion digital assets in circulation, which can enhance the token’s importance and lower its fully diluted valuation (FDV).
These latest developments reflect a change in investors’ sentiment, potentially expanding its price action. Currently, JUP is looking at a 0.382 Fibonacci retracement level of $1.16. If JUP breaches this level, the market can expect a decisive price breakout, creating a new trend. If this fails, JUP holders can expect another corrective price action, with lower support at $0.94 or a 0.5 Fibonacci retracement.
3.Rollblock (RBLK)
Rollblock (RBLK), currently in presale, is set on upending the GameFi segment. With an eye on innovation, Rollblock aims to enhance the traditional gambling experience by integrating crypto, blockchain technology, and its native token as on-site currency. This new crypto project doesn’t just power an online casino; it aims to create a community where players become active participants and reward earners.
Expectations among investors run high, owing to the project’s commitment to a potentially lucrative rewards share program. 30% of its weekly generated revenue will be shared with its holders. Rollblock will use two mechanisms for its rewards system: buyback and burn and staking. The buyback and burn program rewards sellers and reduces the number of circulating tokens. Then, its staking program aims to reward stakers and holders.
On-site, Rollblock players earn rewards such as rakeback and VIP bonuses, which enhance the crypto betting experience.
Aave and Jupiter are both viable investment prospects, but Rollblock is racing towards its listing date like a GambleFi project on a mission. It has already raised over $9.8 million, is available for $0.052, and the next price increase is coming up rapidly.#Write2Earn #altcoins
