Ethereum (ETH) whales tired of the languishing price are turning to top altcoins to bolster their holdings. One of the top picks for growth is crypto casino Rollblock (RBLK). Rollblock’s first-mover advantage in online gambling has many whales expecting a repeat of Polygon’s (POL) blistering 100x rally from 2021.
Layer 2 Blockchains Squash Ethereum Rebound Before It Begins
The Ethereum price has gone from bad to worse as the second half of 2024 drags on. Ethereum initially plummeted more than 30% at the end of its disastrous spot ETF rollout instead of soaring higher like whales thought.
The Ethereum price has barely recovered 15% from these lows, as any rebound is held back by the increased revenue siphoning by Layer 2 blockchains. Whales have little expectation for a major rally from Ethereum until this issue with Layer 2 blockchains is sorted.
Whales Look Anticipate Polygon Rally
Whales looking to top altcoins to compensate for their 2024 losses are focusing on a repeat of the 2021 performance for the Polygon price. Polygon’s position as a first-mover in the early industry for blockchain scaling solutions saw it soar over 100x in only a few months.
Polygon’s price has not fared as well lately because it is sliding alongside Ethereum’s fortunes. As a Layer 2 blockchain scaling solution for Ethereum with many established rivals, Polygon’s days of explosive growth are well behind it.
Rollblock to Repeat Polygon’s 100x First-Mover Rally From 2021
Ethereum whales are looking at Rollblock’s crypto casino in particular because it is a first-mover in online gambling, just like Polygon was in blockchain scaling solutions. The global gambling industry is increasingly migrating online, and much of its $525 billion in annual revenue is up for grabs with no competition in sight for this top altcoin.
Rollblock already has a massive lead in technology and players over any competition that might enter the market. Rollblock’s platform hosts more than 7,000 provably fair games, with over 26,000 players already enjoying free and fast access through over 20 major cryptocurrencies.
Rollblock is also in the process of expanding on this base with a cutting-edge sports betting platform. This platform will allow sports bettors to wager on almost every event from around the globe.
Rollblock’s sports bettors will also be able to wager using its signature gambling token.
This token generates value through an aggressive buyback program that uses 30% of the casino’s own revenue from each day’s operations. Half of these tokens are burned instantly to drive price growth through deflation. The other half of the tokens are used as high-APY rewards for supporting the platform through staking.
Rollblock’s first-mover advantage is expected to replicate Polygon’s rapid 100x rise from 2021.
Rollblock is now more than halfway through the seventh stage in its crypto presale, with tokens selling for only $0.0315.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
Source: https://www.crypto-news-flash.com/heres-why-ethereum-eth-whales-are-backing-this-crypto-to-mimic-the-famous-100x-2021-polygon-pol-price-rally/?utm_source=rss&utm_medium=rss&utm_campaign=heres-why-ethereum-eth-whales-are-backing-this-crypto-to-mimic-the-famous-100x-2021-polygon-pol-price-rally