Algorand’s weekly returns go red as investors buy into these two altcoins 

Rollblock hits a $7m milestone as Algorand cools off and Litecoin eyes a bullish breakout, signaling exciting opportunities in the evolving crypto market.

Algorand holders recently saw their weekly candle dip into the red, while Litecoin has seen an influx of investors smashing the buy button. Meanwhile, the hugely promising web3 casino platform Rollblock (RBLK) has broken through a massive milestone in its funding journey, raising $7 million as experts predict a further 50x is possible from here.

Algorand sees 258% rise in just a month  

Algorand has lost 20.9% on the weekly time frame, falling to $3.47 today. This pullback was long overdue for Algorand, as it has been in “up only” mode for most of November. In the last 30 days, Algorand gained over 184%, rising rapidly from $0.12.  

Recently Algorand set a new record for average daily transactions, which have jumped by 104% to reach 4.7 million. Algorand also achieved the significant milestone of surpassing 2 billion transactions during the previous quarter — a testament to the Algorand ecosystem’s recent rise in adoption. In terms of growth, Algorand took 4 years to achieve its first billion transactions, while the second billion was added in just one year.  

Litecoin ready to take on all-time highs next year  

Litecoin has recently enjoyed extremely bullish price action, gaining more than 40% this month to reach $111. The Litecoin market cap now stands at just over $9.33 billion, making Litecoin the 22nd largest crypto project in the space.  

The Litecoin weekly chart is looking extremely promising, with strong Litecoin support identified at $110 and many traders targeting $400 as the next likely breakout. Prices are still a long way below Litecoin’s all-time high of $413, which should be reclaimed during 2025.  

Rollblock opens up sports betting avenue for web3 gamers  

The Rollblock presale continues to race through stage 9 of its fundraising offering, having raised over $7 million and currently priced at just $0.041.  

Rollblock offers an extraordinary variety of gaming experiences, from classics such as roulette and Monopoly to brand-new exclusives and a sports betting feature that will allow gamers to bet on a massive number of sporting events.  

All Rollblock games are completely immersive, AI-powered gaming experiences and feature payouts in the native currency RBLK. A brand-new sports betting feature will further boost Rollblock’s revenue at a time when its hugely varied offering of over 7,000 casino games is already bringing in enormous amounts of profit.  

This gaming token has a hard cap of a billion coins, meaning that no dilution can take place thanks to the kind of token printing so common in the crypto gaming niche. In fact, Rollblock’s supply is deflationary, as regular buybacks will see 60% of these purchases burned forever and the remaining tokens sent to staking rewards for committed community holders.  

This will lead to an extremely bullish lack of selling pressure in the markets. The coming supply squeeze will be glorious to behold.

To learn more about Rollblock, visit the website and socials.