Bitcoin Price Drops Below $60K After A 5% Plunge As Experts Say This Solana GambleFi Token Might Explode

The Bitcoin worth dropped 5% within the final 24 hours to commerce at $59,427 as of 00:49 a.m. EST on buying and selling quantity that rose 46% to $41.6 billion.

The plunge has resulted in $287.03 million being liquidated from lengthy merchants. General, $322.03 million has been liquidated from the market, in accordance with information from Coinglass.

Bitcoin Worth Might Nonetheless Rally

The Bitcoin worth has been on a downtrend within the final two days, as BTC went again to buying and selling inside a sideways sample. In line with information from GeckoTerminal, BTC worth bulls are at the moment struggling to push the worth of Bitcoin above the $66,000 resistance zone.

BTC now trades beneath each the 50 and 200 Easy Shifting Averages (SMAs) on the 4-hour chart, affirming the present worth downtrend.

Furthermore, the Relative Power Index (RSI) is buying and selling beneath the 30-oversold stage, which exhibits that BTC is at the moment below intense promoting strain and is undervalued.

The asset being undervalued opens up positions for the bulls to purchase extra. On this state of affairs, the worth of Bitcoin could rebound, which may push BTC to the $67,000 resistance stage.

The 50 SMA is now crossing above the 200 SMA, forming a golden cross at $61,500, additional supporting the bullish sentiments.

Nonetheless, current worth actions have fashioned a bearish rounding high sample. If bears capitalize on the rounding high, the worth of Bitcoin could plunge and proper to the $56,000 help.

In the meantime, because the Bitcoin worth goals for a rebound, Solana GameFi lovers are shopping for the brand new token Mega Cube (DICE).

Influential crypto YouTubers similar to TodayTrader predict a considerable return on funding, speculating a possible “100x” for DICE post-launch.

DICE: The Subsequent 100X Crypto? Be part of the Mega Cube Ecosystem Right this moment

Solana’s promising GambleFi token, Mega Cube, has now raised over $1.75 million in its ICO as buyers proceed to help this established title within the on-line betting world.

Mega Cube On line casino isn’t any unusual platform—it boasts over 11,000 energetic customers and processes greater than $50 million in month-to-month bets. Providing an enormous array of over 4,000 on line casino video games and greater than 50 sports activities and eSports betting choices, Mega Cube is rapidly changing into a go-to vacation spot for gaming lovers.

What makes DICE really stand out is its revolutionary staking mannequin. Token holders can earn each day rewards primarily based on the on line casino’s earnings, offering a gorgeous incentive to carry onto this doubtlessly profitable cryptocurrency. 

As well as, the seamless integration with the favored TON Pockets on Telegram implies that managing your funds has by no means been simpler.

Mega Cube on line casino now helps one of the best Telegram pockets! #TON💳

Simply use your TON by selecting it as your deposit technique and connecting your pockets in just some steps. Begin enjoying and successful at present! 🔥

Be part of now👇https://t.co/FjIFjfAnCY pic.twitter.com/hlqt50vBUF

— Mega Cube On line casino (@megadice) August 7, 2024

With DICE already elevating over $1.75 million via its presale, momentum is constructing quick. Tokens are at the moment priced at simply $0.110529 every. 

Buy DICE right here.

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