The post Avalanche (AVAX) and Litecoin (LTC) Lose Ground, But This Altcoin’s Proposed Burn Rate and Rewards Are Creating Major Buzz appeared on BitcoinEthereumNews.com.

As the market finally starts to turn bullish, it’s time to look at those with potential and those that might be best left on the shelf. Avalanche (AVAX) is now in its second cycle and is still a long way off its 2021 all-time high (ATH). Litecoin (LTC) is another older crypto, actually in its fourth cycle now, that’s struggling to catch a bid. Rollblock (RBLK) is the hot new altcoin in town and is tipped to disrupt the online gambling industry. However, it’s much more than a gambling token, as investors are flocking to it for its passive income and its buyback and burn mechanism guaranteed to drive scarcity. Avalanche is no longer the hot new altcoin, and it shows  Avalanche was the latest thing in the last cycle, gaining investor attention thanks to its fast and scalable technology. Rocketing out of the blocks after it launched, AVAX ran up almost 50x, peaking at $128, before the market crashed in late 2021. However, Avalanche has since dropped over 80% since then. Many believe Avalanche is suffering from second cycle syndrome, where early excitement fades, and investors lose interest in what was once the hot new crypto. Litecoin regularly makes new ATHs in each cycle Litecoin is another that remains significantly down from its 2021 ATH, but there’s still hope for this long-standing altcoin. Historically, LTC has shown resilience, reaching new highs in each bull cycle, unlike most other altcoins. Litecoin’s reputation as silver to Bitcoin’s gold makes it a reliable choice for investors, but LTC is losing ground to newer cryptos as investors look for bigger gains. That’s not to say Litecoin won’t make another ATH because it likely will. Hot new altcoin Rollblock is setting the pace as passive income investors seize the moment Rollblock is quickly becoming…

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Filed under: News - @ September 21, 2024 12:14 am