Recent Gains Are Wiped From Ethereum And Polkadot

SPONSORED POST*

Rollblock’s (RBLK) crypto presale is seeing huge investor interest as they flee reversals in Ethereum (ETH) and Polkadot (DOT). 

This top altcoin’s presale, with a 200% return for the earliest investors, seems like a safe haven in comparison to the stalling performance of these majors. Discover why Rollblock’s crypto casino is expected to grow another 100x before the end of the year.

Anticipated Ethereum Rebound Reverses on Fundamentals 

Ethereum investors were hoping that its recent downturn was over as it raced 10% higher this week. The Ethereum price has been in the doldrums for months now, and a rebound rally has been anticipated by experts.

However, these hopes were dashed when Ethereum dumped 10%, dragging it back into the red for the month.

The Ethereum price had been rising on a technical rebound, but the fundamental revenue problems continue to weigh on the largest Web3 ecosystem.

Polkadot Back Down Again on Web3 Economy Woes 

The Polkadot price is also back lower this week on similar Web3 problems.

Polkadot had rallied almost 15% on renewed hope in an expanding Web3 economy. However, the recent downturn in the biggest Web3 ecosystems dragged the Polkadot price down as well.

Polkadot’s cross-chain functionality relies on demand for the Web3 economy in general. When the largest Web3 ecosystems go down, they make it next to impossible for the Polkadot price to grow.

Rollblock’s GambleFi Forecast Results in Exponential Growth

Crypto casino Rollblock is immune to the larger market swings of tokens like Ethereum and Polkadot thanks to its focus on online gambling. The demand for crypto gambling is unaffected by the performance of the larger Web3 economy as a result of the huge migration from offline to online gambling.

The global gambling industry is the source for over $500 billion in annual revenue. And an increasing share of this revenue is migrating online as a new generation of gamblers comes of age.

This new generation is demanding an experience that only crypto can satisfy, and GambleFi’s top altcoin is prepared to provide it for them.

Rollblock recognized the enormous potential of GambleFi early and has spent years in development to prepare for this migration to online gambling. That is why Rollblock’s crypto casino is already a thriving venture, with more than 20,000 players on its platform enjoying over 7,000 of the industry’s best games.

Rollblock also recognized that the same old revenue model was not going to work for this new, discerning generation of gamblers.

That is why Rollblock redirects 30% of each day’s revenue back into the hands of token holders through open market buybacks. Rollblock burns the first half of these tokens immediately to increase the value of RBLK and uses the second half as high-APY staking rewards to generate additional income.

This next-generation approach to online gambling has analysts expecting at least 100x growth before 2024 is done.

RBLK is quickly selling at $0.03 in the seventh stage of its presale.

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

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino 

*This article was paid for. Cryptonomist did not write the article or test the platform.

Source: https://en.cryptonomist.ch/2024/10/04/recent-gains-are-wiped-ethereum-polkadot/