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The Blox Project is trading with a bullish bias, with price action characterized by higher highs and higher lows. This comes after the price broke out from a prolonged consolidation under the $0.01429 resistance level in two hours.
At the time of writing, The Blox Project price is up around 150% in the last 24 hours and almost 10,000% in the last five days. The surge comes from Roblox, one of the biggest games on the market.
The Blox Project And Roblox Gaming
The Blox Project is focused on fusing Web 2.0 Roblox gaming and Web 3.0 investor experiences, meeting enthusiasts where gaming meets finance. The workforce behind The Blox Project aims to become a top developer team on Roblox, bringing benefits to BLOX holders. It is worth mentioning that BLOX is an ERC-20 token.
Gm $BLOX Fam 🎮☕🌞
We're all about the fusion of Web 2.0 Roblox gaming and Web 3.0 investor experiences. 🎮
Join us on this journey where gaming meets finance, and let's make every morning brighter together! 💰https://t.co/aUykUTFGto#web3 #gaming #thebloxproject #blox pic.twitter.com/KMG30QryZG
— TBP Hub (@TBPHubERC) October 19, 2023
The project builds atop the CEO’s vision for Roblox’s metaverse, with a plan to retain 1 billion users. Endless adventures, creativity, and connection await participants in this gaming ecosystem.
The CEO's vision for Roblox's metaverse is nothing short of spectacular! With a plan to retain 1 billion users, we're in for an incredible journey. Endless adventures, creativity, and connection await. Get ready to be a part of something extraordinary! Big thing coming $BLOX pic.twitter.com/thApalKvaJ
— TBP Hub (@TBPHubERC) October 20, 2023
Among the reasons why investors are rallying behind The Roblox Project ecosystem is the token’s utility. This has catapulted the token to a market capitalization of almost two million.
😳😳$BLOX just hit 1.9M MC
I’m up X6🔥🚀, Road to 10M MC@BloxProjectERC team strategy & the project utility makes me more bullish. https://t.co/1IS30P21p1 pic.twitter.com/Vokn4hmBoj
— Wale ⭕️ (@TweetByWale) October 19, 2023
Bullish Fundamentals For The Blox Project
By extension, The Blox Project enjoys the recent speculation in the Roblox ecosystem that it would integrate XRP for in-game purchases.
ROBLOX + RIPPLE?
MAJOR GAMING COMPANY INTEGRATES XRP
The integration of $XRP as a payment method by BitPay and Xsolla serves as a pivotal moment in the crypto and gaming industries. It not only enhances XRP's standing in these sectors but also deepens the existing relationship… pic.twitter.com/UbQbNZRVIG
— The Wolf Of All Streets (@scottmelker) October 17, 2023
With this integration, XRP could serve as a payment token for one of the biggest games in the market, coming on the back of two companies partnering, BitPay and Xsolla. BitPay is a crypto payments company, while Xsolla company specializes in the management and facilitation of in-game purchases within the Roblox ecosystem.
4/4
👩💻Roblox, with 200M+ users, now accepts XRP via BitPay and Xsolla, enhancing payment options for its 65.5M daily users, a significant development in the gaming world.⚡️🚀#ROBLOX #Bitpay #Xsolla pic.twitter.com/lYPWeQew0o— Web3 AI/ML (@Web3AIML) October 17, 2023
It is worth mentioning, however, that Roblox has challenged this speculation, promising to provide details in due time. The tweet about the integration was also deleted by BitPay’s CMO, Bill Zielke, who cited an error in the post.
The Blox Project Price Outlook With Users Chasing BLOX Utilities
At the time of writing, The Blox Project is bullish, with technical indicators supporting its upside potential. The Relative Strength Index is above 50, pointing to strong price strength. The Moving Average Convergence Divergence (MACD) indicator supports the case to the upside, with its position in the positive territory showing bulls are in control. Its histogram bars are also green. This shows bulls are leading the market.
Increased buying pressure above current levels could see The Blox Project price shatter the immediate barricade at $0.03826. In a highly bullish case, the gains could extend past the $0.04000 psychological level, clearing and collecting the sell-side liquidity residing above.
Conversely, the RSI appears to be deviating from the lower timeframes, which points to reducing momentum. If profit booking overpowers buyer momentum, The Blox Project price could drop, losing the 9-day Exponential Moving Average (EMA) support at $0.02709 and the subsequent one at $0.02133.
The altcoin could invalidate the bullish outlook by breaking and closing below $0.01429 in the dire case. This could plunge The Blox Project price into the confines of the consolidation zone, exposing it to a possible takeover by the bears. This could culminate in a breakdown below the $0.008089 support floor.
Switch attention from The Blox Project and consider MK, the native cryptocurrency for the Meme Kombat ecosystem. The project is the new meme coin sensation after PEPE, with some experts saying it could outshine the frog-themed token.
The Blox Project Alternative
Meme Kombat has outperformed Shiba Inu (SHIB) and Dogecoin (DOGE), securing a place at the helm of the meme coin ecosystem. According to expert analyst Jacob Crypto Bury, MK has 10X growth potential even as it steadily hits milestones in its presale sales.
The project debuted only recently, offering investors a chance to stake, play, and earn rewards. The innovative gaming platform was designed for gaming enthusiasts, with betting and passive staking functions for additional income generation.
Degen or gamer or both?
Everyone can engage in kombat⚔️
Watch the full video from @BuryCrypto below👇 pic.twitter.com/GyGi2TRTvi
— Meme Kombat (@Meme_Kombat) October 13, 2023
The project is in the presale stage, with almost $600,000 already in the bag as the soft cap target of $1 million nears. In the current stage, investors are buying one MK token at rates as affordable as $0.1667. Buy MK for your portfolio diversification strategy today using Ethereum (ETH) or Tether (USDT).
The project has secured its place in the meme coin market, with some push from the doxxing of its founder, Matt Whiteman, who openly shared his identity. This points to the project’s commitment to transparency. The same virtue is extended through comprehensive audits. Investors looking for other investment opportunities can review this list of the top crypto ICOs worth considering.
Once you have the MK tokens in your portfolio, you do not need to wait out the presale for you to start earning. Stake the tokens for Annual Percentage Yields (APY) or returns as high as 112%. Players buy and stake $MK to bet on exciting meme battles, aiming to win more tokens and other prizes.
Visit and buy Meme Kombat here
Also Read:
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- 2 New Crypto Presales With High Utility And Action – Meme Kombat & Bitcoin Minetrix
- LecksMoney Crypto Reviews Meme Kombat – New Gaming Crypto Presale
Newest Meme Coin ICO - Wall Street Pepe
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