Rollblock (RBLK) Presale Roars to Life as XRP (XRP) Legal Hopes Rise
- PHPzOriginal
- 2024-08-11 18:10:18865browse
Crypto is roaring out of this downturn, with Rollblock (RBLK) and Ripple (XRP) racking up 20% gains. Analysts expect this bull market's top altcoins to be in DeFi and GambleFi
Cryptocurrency prices enjoyed a largely positive week of trade, with tokens like Rollblock (RBLK) and XRP (XRP) adding 20% to their value. XRP’s gains come amid hopes for a settlement in its ongoing legal battle with the SEC.
On the other hand, tokens like Polkadot (DOT) continue to suffer from a lack of interest, with the token’s price dropping 10% this week. At the time of writing, XRP was trading at $0.62, RBLK was valued at $0.02, and DOT was changing hands for $4.76.
XRP Price Surges 20% on Binance Case Hopes
The XRP price enjoyed another 20% lunge this week as hopes rose for a settlement between its parent company, Ripple, and the SEC. XRP’s price has been range-bound around the $0.50 anchor for years as a result of this lawsuit continuing to drag on.
However, XRP’s latest hope comes from the SEC dropping the issue of unregistered securities from its case against Binance. While XRP was not one of the tokens named in the lawsuit, investors are hoping that this retreat will spell the end of the unregistered securities issue for all tokens.
XRP is now preparing for a breakout from the $0.60 resistance zone, which will likely occur if hopes for a settlement continue to rise. In this event, XRP could enjoy a quick surge to $0.75, followed by a slower rally to $1.
Rollblock GambleFi Takeover to Net 100x Growth in 2024
GambleFi is in for this next bull market, while complex utility blockchains are out. As the top altcoin in the GambleFi space, Rollblock is expected to rapidly take market share in the $450 billion global gambling industry.
Online gambling is a new frontier for crypto, and Rollblock is rapidly disrupting the industry by applying the latest blockchain technology.
Among Rollblock’s most significant innovations is its crypto gambling token, which generates income through staking and enjoys a permanent deflationary trend through token burns. In fact, Rollblock buys its own token back from the market, using 30% of its own weekly revenue to fund these operations.
Moreover, Rollblock players enjoy seamless access to more than 150 of the best games in the industry thanks to the elimination of annoying and expensive regulations and fees. Crypto gambling is fast, safe, and anonymous, and players can join in from anywhere in the world without KYC checks.
Finally, Rollblock brings the excitement and community of crypto to the old online casino model. Players enjoy Rollblock’s vibrant social media presence and regular events and giveaways. In fact, Rollblock’s latest event is a 1st-time deposit match of 100%, which has new players joining the casino at a record rate.
With Rollblock’s rapid takeover of online gambling, the token is on course for 100x growth in 2024 alone. RBLK’s current price is $0.02 in the 5th stage of its presale, though with the round selling fast it’s not expected to stay here for long.
Native Solutions Push Polkadot’s Layer 1 Blockchain to Irrelevance
The Polkadot price fared better than most tokens this week, with only a 10% drop. However, Polkadot’s price is still down 20% this month and still negative for the year overall. At the time of writing, Polkadot was trading at $4.76.
Polkadot is joining a number of other small utility blockchains on the road to irrelevancy. Users are congregating in the top utility blockchains like Ethereum and Solana to take advantage of their massive ecosystems, and native solutions are making Layer 1 blockchains like Polkadot irrelevant.
For example, Ethereum is rolling out native zk汇总 technology, while Solana is preparing to launch a new NFT marketplace. In both cases, these solutions are rendering external Layer 1 blockchains like DOT largely redundant.
As a result, Polkadot is likely to continue to suffer from a lack of interest, which will continue to drive its price down over the coming months.
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