Both Arbitrum and Avalanche are bleeding as their downward spiral continues with no end in sight. Despite the market-wide recoveries, these two projects are still struggling to find their footing. On the other hand, crypto casino Rollblock is outperforming the vast majority of majors as its price continues to rise.
The Arbitrum Network is the largest Ethereum-based layer-2 scaling solution in terms of market share and Total Value Locked (TVL). Nevertheless, Arbitrum has seen a steep decline in price since January, when it peaked at $2.26.
Arbitrum investors are getting increasingly frustrated with the lackluster price action. At the time of writing, Arbitrum was priced at $0.68 cents following a 2% price drop in the past 24 hours. Despite its recent declines, experts agree that Arbitrum remains a solid long-term hold that could see a new all-time high as the cycle progresses.
Avalanche is one of the major Layer 1 projects that played a significant role in late 2021. However, Avalanche is losing traction. Avalanche experienced significant volatility in July and is threatening to close another month in the red.
After peaking at $60 in March, Avalanche’s price plummeted. A glance at the chart shows a series of higher lows as it breached several support levels. Avalanche could see a rebound at some point in the future, but investors shouldn’t hold their breath because the current picture is anything but bullish.
Ethereum-based DeFi casino Rollblock seeks to solve the issues plaguing the online gambling sphere. Lack of trust, transparency, and security. It does this by leveraging blockchain technology. This ensures 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 join.
The native token RBLK powers the DeFi functionalities of the casino and plays a key role in the revenue-share model. The casino will spend up to 30% of its weekly revenue to buy RBLK tokens on the open market. 50% of the tokens will be distributed to holders in the form of staking rewards. The other 50% will be burned, creating a supply shock that will prime RBLK for explosive rallies as the cycle progresses.
Stage 4 of the RBLK presale is selling out quickly and an 800% increase is expected by the end of the presale alone. Right now, the price of RBLK is $0.0175 and has already seen a substantial jump, despite the turbulent market climate of the past few months.
According to analysts, a 100x multiplier is expected as the GambleFi narrative starts ramping up!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino