TRON (TRX) and Chainlink (LINK), are two popular networks for decentralized markets and online gaming. Yet each is down in crypto exchange markets by stout margins as blockchain markets continue to show weakness. But RollBlock’s (RBLK) competing GambleFi protocol recently crossed the $3 million mark in its presale.
It’s not necessarily that there’s anything wrong with the TRON network or Chainlink this week. To be fair to these popular GambleFi and online gaming currencies, the entire crypto market is on pause. Bitcoin and Ethereum, the two biggest sources of gravity in this sector, continue to slide. Several top 20 cryptos are down by stiff single and double-digit percentages.
TRON and LINK fall with RBLK in presale.
A big piece of TRON price’s decline to below $0.15 a token at the start of September is simply the price cooling down from an exuberant rally in August. This rally saw TRON rise from just over $0.12 a token to $0.166 for a hefty 38% ROI in under 30 days.
That’s an average annualized ROI of 456%. Pity the boomer who spent the 1980s waiting all year for a 10% gain out of the S&P 500. At least they had PacMan to play while they waited.
Meanwhile, Chainlink is seeking the price support line again around the $10 mark after dropping from nearly $15 to under $10 in August. With on-chain metrics showing weak network activity on LINK, markets may have shied away from the previous price level.
According to data from blockchain intelligence firm Santiment, the price to Daily Active Addresses (DAA) divergence fell to -56% at the start of September. That suggests the market price was not in line with user activity until the market corrected.
But after falling to the $10 line at the beginning of August, LINK bulls mounted a fairly strong rally, reaching a high price of $12.35 before the broader crypto market’s headwinds overwhelmed the rally.
Rollblock aims to revolutionize GambleFi and online gaming.
One thing these two major cryptos have in common is they are used for a number of Web3 GambleFi and online gaming DApps.
TRON is a Layer-1 blockchain that’s popular for decentralized online gaming. Chainlink is an L2 that lives atop the Ethereum base chain and provides oracle data feeds to the Web3 ecosystem. That’s important for Ethereum-powered GambleFi functions that use real world data.
Like Chainlink, Rollblock is also gathering gamblers around it, but it’s tailor-made to support GambleFi applications. The protocol is built from the ground up to enable community-backed crypto casinos where the users get to share in the profits. RBLK token holders receive a percentage of the blockchain casino’s revenues.
Rollblock’s native currency will be used in the casino to game and place bets. Punters will also be able to use it for reaping rewards for securing the network, cashback, and promotional offers to engage and reward the community.
Because the protocol is built with Web3 values in mind: full anonymity, no KYC requirements, security, and scalability— Rollblock tokens have already surged in value in the presale.
Luckily for early backers who get in while the presale event is still going on, prices are a mere $0.0025 in stage 6. Experts predict a massive 880% overall growth when the project lists the new GambleFi token on exchanges where the online gaming and betting token bulls can take it away.
Discover the exciting opportunities for the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
Source: https://blockchainreporter.net/tron-shows-resilience-while-chainlink-slides-further-those-looking-for-gains-bet-on-new-gamblefi-protocol/