Rollblock is the popular new kid on the block when it comes to the crypto market. Its impressive presale phase has already accrued over $1,000,000 in sales. In fact, at the time of writing, stage 4 of the presale phase is poised to hit $1,300,000 before the week is over. This strong and steady progress makes it a serious contender to hit 200x gains in 2024.
On the other hand, Decentraland’s MANA, Chiliz (CHZ), and Polygon’s MATIC have had a rough year, which is especially noticeable if you look into their individual trends over the past month. These negative trends in each of these crypto coins can be directly traced back to the SEC’s decision to designate them as securities, putting them in the same category as stocks and bonds.
Polygon (MATIC) Experiences Fundraising and Promotion Problems
Many crypto experts strongly disagree with the SEC’s decision to designate specific crypto coins as securities, harming their value. When it comes specifically to Polygon’s MATIC, the SEC elaborates that it deemed this coin a security as Polygon explicitly states in its Whitepaper that the funds raised will be used to expand its operations.
Moreover, Polygon has regularly used advertisement and promotional tools to boost sales on various crypto exchanges. These facts led the SEC to conclude that Polygon, as a crypto coin, is an investment that potential buyers can make, which is why it belongs in the securities category. This categorization significantly decreased Polygon’s potential, and some experts believe that Polygon might never recover.
Early Discounts Could Hurt Decentraland
MANA by Decentraland peaked in late 2021 when it was valued at $5.91. Since then, Decentraland has been on a downward trajectory, registering a negative trend of 12.75% in the past year and a price decline of 9.24% in the previous month. While many factors affect the trends and value of a crypto coin, the SEC’s decision to name Decentraland (MANA) a security certainly didn’t help.
The SEC has determined that Decentraland belongs in the same category as stocks and bonds because Decentraland offered tokens to early contributors at a lower rate than average. Per the SEC, this is indicative of an investment contract that aims to raise funding and provide potential returns to the investors. This has significantly slowed Decentraland’s development.
The SEC Notes Chiliz Fundraising As Reason for Different Qualification
Chiliz (CHZ) is yet another crypto coin that the SEC has determined to be a security according to its standards and regulations. The reason for the change in Chiliz designation is relatively straightforward. According to the SEC, Chiliz clearly communicated to potential buyers that coin purchases would be used to fund and develop the growth and promotion of the Chiliz protocol.
Since Chiliz is now considered an investment opportunity and, by association, a security, there has been a notable negative trend in its pricing. While the two highest peaks were achieved in 2021, with a top price of $0.3549 and $0.3230, Chiliz has been in a downward trend since. In the past year, it hit a negative trend of 10.73%, with Chiliz crashing by 10% over the last month.
Rollblock’s Bullish Trend Isn’t Stopping Soon
Rollblock (RBLK) is unquestionably the stand-out new crypto coin of this year. Despite the fact that it is still in the presale phase, this coin has managed to establish a 60% jump in value going from $0.01 initially to $0.0.017 in the Fourth stage of the presale. This is just one of the indicators that Rollblock’s bull trend will not be ending soon.
This coin stands apart from the rest of its competition thanks to the Rollblock Casino. The casino combines the best of centralized and decentralized gaming, providing investors with over 150 games to enjoy. The platform utilizes blockchain technology to secure transactions, making them irrefutable.
Rewards are paid out in $RBLK tokens which grant holders a share in the platforms profits. Rollblock will allocate up to 30% of its revenue to buy back $RBLK from the open market. Half of these tokens will be burned, and the remaining half will be distributed among holders.
Currently selling for just $0.017, $RBLK is expected to soar a massive 720% during its presale. Having already attracted over 5,000 users and with sports betting on the way, investors need to act fast to maximize their potential returns.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
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