Ethereum has turned inflationary for the first time since the merger in late 2022. This has injected a significant level of uncertainty into the market, and investors are trying to mitigate risk by investing in deflationary altcoins such as Shiba Inu and DeFi casino Rollblock. Meanwhile, Ondo is still struggling to break out of the downtrend.
Here’s How Shiba Inu Could Reach $1
According to crypto influencer Shib Bezos, Shiba Inu could start burning up to a hundred trillion tokens annually. All the major protocols that are part of the Shiba Inu ecosystem have native burn mechanisms. Shibaswap burns Shiba Inu at every transaction, and so does Shiba Inu’s native L2 platform Shibarium. The Shiba Inu Metaverse will also see regular burns as users engage with the platform. These cumulative supply shocks could send Shiba Inu’s price above $1 in a long enough time frame.
Shiba Inu currently sells for $0.0000136 and is ranging around that level after a strong recovery from last week’s massive sell-offs.
Ondo’s Downturn Deepens
Ondo’s price action has taken a significant hit after the onset of the March correction. Ondo was launched in January, and in less than 2 months, it experienced a 595% increase. Ondo saw a new all-time high at $1.46, but that level was not held.
Ondo was sent into a downward spiral as its price plummeted to $0.65. Currently, Ondo sells for $0.73 and is moving beneath the 200-day moving average, suggesting a bearish trend is looming.
Rollblock’s Revenue Sharing Mechanism Steals The Show
DeFi Casino Rollblock is set to change the online casino game forever through the use of DeFi technology. Rollblock combines the best features of decentralized and centralized gambling to offer a unique and secure player experience.
Users will have immediate access to 150 games without the need for KYC verification. Individuals can just connect their wallet or sign up via email. By using blockchain technology, Rollblock ensures quick and safe transactions while at the same time reducing the possibility of tampering to 0. Over the next few weeks, Rollblock also plans to add a sports betting option which is expected to drive thousands of new investors to its ecosystem.
In addition to its casino, Rollblock offers a revenue share model. Rollblock reinvests up to 30% of its weekly revenue to buy RBLK tokens. 50% of the tokens are distributed to holders as staking rewards. The other 50% is burned, reducing the total supply, which will prime RBLK for major rallies in the upcoming months.
Analysts predict a potential 100x price increase in 2025 when the bull market is in full swing. Stage 5 of the RBLK presale is quickly selling out, and an 800% increase is expected by the end of the presale alone. Right now, the price of RBLK is $0.0205, which is likely the lowest it will ever be!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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