Investors in coins in the Ethereum ecosystem, such as Ethena (ENA) and Polygon (MATIC), have been disappointed by recent gains, particularly in light of the launch of the ETH ETF. As investors move away from these tokens, a new coin in the play-to-earn niche, Rollblock ($RBLK), is attracting huge presale inflows and looks set to make gains of up to 200x this year!
Ethena ($ENA) Unlocks Lead to Volatility
Ethena (ENA) holders have seen prices tumble 50% in a month, as relentless Ethena selling and token unlocks have led its price to struggle. The most recent Ethena token unlock occurred on the 21st July, adding supply and causing price to fall to $0.41. Ethena price is consolidating around $0.46 at time of writing and bulls will be hoping to build a base here.
Moving averages hovering overhead include the 50-day SMA at $0.52, which will act as considerable resistance in the event of any short-term pumps for Ethena.
Polygon (MATIC) Selling Remains Despite Adoption
Polygon (MATIC) has recently upgraded its network by releasing the EIP 4844 upgrade, which will introduce ‘blobs’ on chain, set to reduce the average transaction fee by over 40% from $0.017 to just $0.01. This has led to Polygon fee revenue falling away, despite a growth in daily active addresses, which climbed recently to 1.2 million.
New Polygon users grew by up to 30% per day on average, an incredibly bullish metric yet to translate into Polygon price action. Polygon hit a two-year low of $0.428 on July 5th and has since bounced to $0.52. Polygon price will no doubt remain volatile as the market prices in the recent Polygon update and user adoption.
Rollblock ($RBLK) Keeps On Pumping As Presale Investors Pile In
The Rollblock ($RBLK) presale has reached new levels of hype and interest as over 1500 new investors have made an allocation in recent weeks. On a mission to bring fairness and trust back to online gambling, Rollblock uses the innovative power of blockchain technology to guarantee that bets won’t be manipulated once placed. Inscribing transactions onto the Ethereum blockchain also means that games on the platform can be proven to offer better odds than competing casinos.
Rollblock is fully crypto-native and free of invasive KYC checks. Users can sign in with an email address and connect their crypto wallets. Over 20 popular cryptocurrencies, including Bitcoin and Tether USDT, are accepted.
There are over 150 fully immersive, AI-powered casino table games on the platform, and a sports betting facility will be introduced soon. The native token RBLK is used for payouts and offers great utility on the site, including access to the platform’s revenue share model, which will see RBLK holders earn a share in up to 30% of the casino’s revenue.
Investors are drawn to the winning tokenomics of RBLK, which will see potentially millions of dollars of tokens taken off the market each week. Experts predict that this revenue share mechanism will launch Rollblock price up to 100x in 2024, and investors are urged to hurry as stage 4 coins are selling out fast at $0.0172!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino