With crypto markets in a serious slump the Ethereum ecosystem is grinding out new support levels. After a legendary run up from 2019-2021, the price of Ether ($ETH) has underperformed Bitcoin and most other majors. Investors are left wondering where the edge is today.
L2 networks on Ethereum have led the slide downwards over the past weeks, with Polygon ($MATIC) settling last week at levels not seen since the bear market in 2022. With more losses expected in July, keen investors are turning to new protocols such as Rollblock ($RBLK) which is defying market conditions after raising more than $1Million and generating gains in excess of 55%!
Ethereum ($Eth) Struggles To Maintain Price Parity With Bitcoin
Despite continued development of features and the switch to the ESG friendly Proof-of-Stake protocol, Ethereum ($ETH) has failed to keep pace with Bitcoin. It’s continued to underperform even with an upcoming ETF approval in the pipeline, slipping under the $3000 mark routinely over the past week.
New major networks such as Solana and The Open Network attract retail investors, while institutions continue to favor the stability and trust of the Bitcoin network. There appears to be no love for the middle as the jack-of-all trades Ethereum misses the mark with both speculators and long term capital allocation.
Polygon ($Matic) Fails To Attract New Investors
Polygon ($MATIC) blockchain was the first network built on top of Ethereum ($ETH). Designed to enable cheaper and faster transactions while maintaining the security of the base network, Polygon initially attracted investors looking for $ETH beta. This thesis has not played out the way they anticipated, with dozens of rollup networks now built on top of Ethereum, Polygon is struggling to remain relevant.
Polygon has also failed to keep investor money on the protocol. With less than $1 billion of funds on the network after reaching a high of over $10 billion in 2021, the Polygon network appears to be largely forgotten by keen speculators. With a price of just 50 cents at the time of writing, Polygon is down over 80% from its bull market highs.
Rollblock ($RBLK) Soars Amid Market Declines
Having crossed the million-dollar mark in less than two months, Rollblock is becoming one of the markets most popular crypto presales. This highly lucrative project combines the best of DeFi innovations with traditional betting, offering a comprehensive experience not available elsewhere. The project uses blockchain and AI to offer greater security than traditional casinos, making it impossible to change bets once placed while recording all transactions on the blockchain.
The casino itself hosts over 150 games, including classics like roulette and slots, as well as digital games. These will soon be complemented by sports betting, which will let players place wagers on sports such as the NFL, NBA, soccer, golf, and more.
To support both users and investors, Rollblock has implemented a revenue share model that shares up to 30% of the platform's revenue with $RBLK token holders. To achieve this, Rollblock will use revenue to buy $RBLK from the open market. To create a deflationary effect, half of these tokens will be burned, and the remaining half will be allocated to staking rewards, where stakers can earn some of the highest APYs in the market.
Another key element of the Rollblock ecosystem is its ease of access. Unlike traditional casinos which require extensive background checks, Rollblock requires no KYC to get started. Instead, players can sign up using their email or cryptocurrency wallet. After signing up they can deposit over 20 major cryptocurrencies. This ease of access has sped up Rollblock adoption, with almost 5000 users signing up in Q2.
Rollblock is currently in the third stage of its presale, and $RBLK is selling for $0.0154. The token has already seen two price increases over the last week, and as a result thousands of investors are doubling down on what experts are calling the hottest presale of the year. As the project's momentum snowballs, analysts believe that 100x returns could be on the table.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
