Whales are making big moves in the crypto market this week and it is evident in the on-chain data of three prominent altcoins. Dogecoin is recovering from its ongoing consolidation period while Cardano is capitalizing on its strong investor confidence to rally towards the $7 price target in 2025.
Meanwhile, Rollblock is experiencing significant whale activity as the viral GameFi project has already delivered up to 350% ROI to early investors.
Rollblock (RBLK) Records Massive Capital Inflow from Whale Accumulation
Rollblock has just entered stage 9 of its presale and the token’s demand is soaring through the roof. Since Rollblock has already raised more than $7.30 million during its presale stages, analysts believe the platform is experiencing massive capital inflows from whale accumulation. On-chain data supports this hypothesis as Rollblock’s price has already rallied by a significant 315% because of high demand.
The real reason why whales are betting big on Rollblock’s new GameFi project is the platform’s native $RBLK utility altcoin. Aside from powering the entire gaming ecosystem, the $RBLK token also functions as an independent altcoin on the open market that can be staked in exchange for a weekly passive income. By becoming a long-term liquidity provider in Rollblock’s ecosystem, users can earn staking rewards with up to 30% APYs through Rollblock’s revenue sharing model.
Aside from this passive income opportunity, Rollblock is also attracting whale attention because of its innovative strategy to bring trust and transparency back to iGambling. While traditional iGambling platforms lost their reputation to data leaks and bet fixing, Rollblock is regaining user trust by encrypting all financial data on Ethereum’s immutable blockchain. Since Rollblock’s ecosystem is powered by a smart contract, users can rest assured that their funds are processed in the most secure way possible.
Given these innovative features, it is no surprise that Rollblock is poised to deliver 880% returns to early investors before the end of its viral presale.
Dogecoin (DOGE) Suffers Losses After Substantial Profit Taking
Dogecoin’s trading volume has taken a significant hit over the past seven days which reflects low investor confidence. Despite forming a stable support at $0.39, Dogecoin’s price has already fallen below the upper resistance at $0.42. If Dogecoin’s volume falls any further, analysts believe Dogecoin holders will lose confidence in the token’s growth.
Despite this bearish outlook, Dogecoin’s on-chain data suggests significant whale accumulations over the last few days. Since Dogecoin is trading within a narrow range, whales appear to be buying in before Dogecoin’s price enters another rally. For now, Dogecoin is trading for $0.3988 after an intraday decline of 1.37% which could be a great opportunity to buy before the anticipated price increase in early 2025.
Cardano’s (ADA) Strong Investor Confidence Could Push Price to $7 Target
Cardano’s price has already recorded a 47.43% increase during the past 30 days because of increased investor interest. Since Cardano offers an extremely scalable and ecofriendly blockchain environment to Web3 developers, Cardano is recording massive whale inflows for the last few days. This is also evident in Cardano’s steadily increasing Total Value Locked because 70% of ADA’s circulating supply is already staked.
Cardano is currently trading for $1.07 after an intraday decrease of 2.28%. Since Cardano’s technical indicators are painting a bullish picture, Cardano could experience a significant rally towards its previous highest level at $3.10. If Cardano breaches this price target, the next target is at $7 in early 2025.
Rollblock Leads Q4’s Altseason with Huge ROI
While Dogecoin and Cardano are presenting good opportunities to buy before their highly anticipated rallies in 2025, these tokens are still prone to market fluctuations and trend reversals.
Meanwhile, Rollblock’s explosive presale is already leading Q4’s altseason by delivering up to 350% ROI to early investors. Rollblock’s native RBLK token is currently selling for just $0.0415 but analysts are already expecting to see a new all-time high price before the end of this week.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
