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Crypto hedging is a risk mitigation strategy used by smart investors to reduce the downside of their investments by profiting while long-term assets decline in value. This strategy is highly beneficial if you maintain a conservatively managed portfolio with a consistent APY.
For example, in current market trends, holders of Worldcoin, Monero, and Knotcoin are hedging their positions by purchasing Roll Block, an uncorrelated altcoin asset that is currently set to rise in price. Let's explore why these holders are settling on this pre-sale gem in the crypto market.
World Coin (WLD) ranks among the top crypto losers
Despite the broad weekly market rally, the Worldcoin cryptocurrency has lagged and has consistently declined in value over the past few weeks. The recent downward trend in World Coin prices has been attributed to the overall downturn in market activity and declining investor confidence.
World Coin price has been in a consolidation phase since mid-April, hovering around the 50-day and 200-day EMAs, suggesting the altcoin is gearing up for a breakout at the upper resistance level. are doing. However, if the altcoin does not reach the above points, the Worldcoin cryptocurrency will record further price decline. Therefore, World Coin holders are changing their positions and looking at the possibility of a roll block pre-sale to try to mitigate future losses.
Investors sell airdropped Knotcoin instead of price crash
Notcoin is another cryptocurrency that has seen a dramatic drop in value. Notcoin investors who bought into the hype are now facing huge losses. The dramatic drop in altcoin value can be attributed to increased selling pressure from investors who quickly sold their airdropped tokens without holding them.
These investors wanted to rake in profits right away, rather than waiting for Notcoin's future growth potential. This increased the oversupply in the market and caused the price of Notcoin to fall. Many analysts currently expect the price trend of Knotcoin to decline further. Therefore, Notcoin holders are shifting their focus to Rollblock's promising pre-sale.
Monero (XMR) Remains Neutral—Holders Consider Options
Unlike Notcoin and Worldcoin, which have recorded significant price declines, Monero (XMR) has shown market neutrality over the past few weeks. After the successful recovery at the $100 mark, buyers started accumulating Monero coins and recorded profits near the 100-day EMA.
Monero bulls are controlling the market, but they are facing a hurdle near the upward resistance level. If they can break out of this range, the Monero cryptocurrency will enter a long-awaited bull run. Monero holders are taking no risks with their investments and are hedging their positions with Roll Block, a pre-sale gem that is expected to grow rapidly in the coming days.
Rollblock (RBLK) joins list of top altcoins to buy in 2024
Rollblock (RBLK) has quickly become the investment choice of choice for investors looking to diversify their portfolios. The community-driven platform integrates blockchain functionality and addresses issues unique to centralized casinos. Rollblock employs blockchain technology in its operations to enhance anonymity and privacy and provide passive income to token holders.
Notably, the platform has a streamlined registration process that does not require strict KYC verification. Even more interesting is the revenue sharing model, where the platform allocates up to 30% of weekly revenue for token purchases in the marketplace. Rollblock burns half of the purchased tokens, and the other half is used for staking rewards.
Impressively, this increases the buying pressure that rewards token holders and drives up the altcoin price. In the Stage 2 presale, Rollblock is priced at an attractive price of $0.012. This achieves his ROI of 20% from the original price of $0.010.
Roll Block, which has raised over $275,000 in presale funds, could become the next 100x altcoin in 2024. Many experts believe that its price will jump above $0.5 after the Tier-1 CEX listing in Q3 2024. Therefore, this altcoin is one of the best cryptocurrencies to buy right now.
conclusion
While Notcoin, Worldcoin, and Monero continue to face market trends, Rollblock is one of the top altcoins to invest in in 2024. Rollblock has a small market cap of about $12 million, so it would require less capital to double its value. Therefore, now is the best time to join the Rollblock community and earn VIP bonuses.
Discover exciting Rollblock (RBLK) presale opportunities now!
Website: https://presale.rollblock.io/
Join the Roleblock Community: https://linktr.ee/rollblockcasino
*This article is paid. Cryptographers did not write articles or test the platform.
