MATIC Rebranding To POL Does Little For Price; Investors Are Loading Up On Solana and Rollblock Instead

The crypto market has always been unpredictable, but nobody thought Polygon could surpass Solana in terms of weekly gains. Meanwhile, none of these market forces affect Rollblock as the GambleFi protocol recorded a new all-time high this week. 

Polygon (POL) Token Switch Triggers a Bullish Rally

Last week, Polygon made a token switch from MATIC to POL. This community-driven upgrade is meant to boost Polygon’s ecosystem through a new tech layer called the AggLayer, allowing Polygon to combine liquidation and information across its network. At press time, Polygon’s price has surged to $0.3994 after a 7-day increase of 7.3%. 

Polygon is currently on a bullish high as the token’s trading volume is also trending upwards with a 334.06% rally in the last 24 hours. Although analysts like Ali Martinez pointed out a bearish descending triangle pattern for Polygon last week, the token has managed to defy expectations with this week’s rally. While Polygon may experience some bumps in the upcoming weeks, the introduction of Polygon’s new community treasure suggests potential for stable growth in the next few months. 

Solana (SOL) Price Under Threat from FTX Sell-Off

The FTX exchange is currently liquidating assets due to bankruptcy, and Solana appears to be on top of its list. FTX currently holds $1 billion worth of Solana that are unsold and unstaked, making Solana’s price more volatile than ever before. Solana is currently trading at $132.48 after an intra-day decline of nearly 2%, suggesting room for more downfalls as FTX’s sell-off continues. 

Since Solana’s daily chart is currently hinting at bearish dominance, Solana’s price could decline to the $105.9 support in the upcoming weeks. If Solana whales start selling out to book profits, Solana could experience a massive crash down to its $76 and $13 support trendlines. 

Rollblock’s ($RBLK) New All-Time High Triggers Bullish Rally

Rollblock has been making headlines since its blockchain-based casino was launched, and hitting a new all-time high this week has only made investors more eager to get their hands on $RBLK. Despite being a newcomer in the highly competitive DeFi space, Rollblock is quickly positioning itself as a 100x crypto with an Ethereum-backed utility token. 

Not only does Rollblock offer an Ethereum-backed casino, but it also provides a whole ecosystem that runs on the platform’s native $RBLK. With its own utility token, Rollblock’s casino easily overthrows traditional iGambling models that struggle to integrate third-party cryptocurrencies. Instead of relying on other tokens, Rollblock distributes all in-game payouts and bonuses via $RBLK. 

Since $RBLK is more than just a play-to-earn token, traders can receive weekly staking rewards through Rollblock’s revenue-share mechanism. At the end of each week, Rollblock uses up to 30% of its revenue to purchase $RBLK on the open market and gives these away to long-term holders as staking rewards. While half of the repurchased tokens are allocated as rewards, the remaining are burned forever to ensure that Rollblock’s price always follows a deflationary trend. 

Given these deflationary tokenomics and huge rewards, even Rollblock’s new ATH of $0.026 is a massive steal. With investors already projecting 800% gains before the end of Rollblock’s presale, this new GambleFi token is expected to take over the $500bn per annum global gambling market by 2025. If that happens, Rollblock could go from being an explosive presale to a top 50 crypto within the next few months!

 Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://rollblockpresale.io/

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