Ethereum has plunged below $2,300 and is dragging down all cryptos operating on its blockchain. Optimism and Arbitrum have seen steep declines, causing many investors to sell. On the other hand, DeFi casino Rollblock is one of the few Ethereum-based projects that is still holding strong after raising $2million whilst providing early investors 200% returns.
Optimism Falls Back To Its 2023 Levels
Optimism is an Ethereum-based Layer 2 blockchain that acts as a scaling solution reducing costs and improving transaction speed. Optimism dropped by 16.5% in the last 24 hours and its price hovers around the $1.18 mark. Optimism’s total decline is a whopping 74% decrease since the March all-time high of $4.69.
Despite the current turmoil, Optimism continues to be a solid long-term hold. Analysts expect Optimism to rise again once Ethereum finds its footing, but with the state of the market, it’s hard to make any predictions.
Arbitrum In Negative Price Discovery
Arbitrum is also a Layer 2 blockchain that uses multi-round fraud proofs to ensure safe and efficient transactions. Arbitrum is the largest L2 scaling solution with a whopping $2.46 billion in Total Value Locked.
Arbitrum has dropped by 21% in less than a day as the downturn intensified. At the time of writing, Arbitrum was priced at $0.4. Just a few hours ago, Arbitrum touched the $0.43 mark, which represents a new all-time low.
Despite Market-Wide Collapse, Rollblock Endures
Ethereum-based DeFi casino Rollblock seeks to tackle the issues that have been troubling the online gambling sphere for years. Lack of trust, transparency, and security. It does this with the help of blockchain technology. Ensuring easily traceable and tamper-proof transactions.
The casino is already generating revenue with a rapidly growing user base. Players can enjoy complete anonymity thanks to the no-KYC policy. All that they need to do is connect their wallet or sign up via email to start playing one of the 150+ AI-powered games available.
The casino differentiates itself with its DeFi functionalities, powered by the RBLK token. The casino will reinvest up to 30% of its weekly revenue to buy RBLK tokens on the open market. Half of the tokens will be distributed to holders in the form of staking rewards. The other half will be burned, creating a supply shock that will prime RBLK for explosive rallies and mitigate the risk posed by volatility in the general crypto market.
Stage 4 of the RBLK presale has just sold out as the presale is about to cross the $2 million mark in raised funds. An 800% increase is expected by the end of the presale alone. Right now, the price of RBLK is $0.018 and has already seen an 80% jump since launch.
According to analysts, a 100x multiplier is expected as the GambleFi narrative starts ramping up and early investors will see incredible returns!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino