This article explores the performance of Ethena （ENA）, Polygon （MATIC）, and RollBlock （RBLK）, highlighting RollBlock’s dominance in the crypto casino market.
Points
- Ethena’s price struggles due to token unlocks and selling pressure.
- Polygon’s network upgrades and adoption have not translated to significant price action.
- RollBlock is thriving with significant growth and investor interest.
Ethena （$ENA） Unlocks Lead to Volatility
Ethena （ENA） holders have seen prices tumble 50% in a month, as relentless Ethena selling and token unlocks have led its price to struggle. The most recent Ethena token unlock occurred on the 21st July, adding supply and causing the price to fall to $0.41. Ethena price is consolidating around $0.46 at the time of writing, and bulls will be hoping to build a base here.
Moving averages hovering overhead include the 50-day SMA at $0.52, which will act as considerable resistance in the event of any short-term pumps for Ethena.
Polygon （MATIC） Selling Remains Despite Adoption
Polygon （MATIC） has recently upgraded its network by releasing the EIP 4844 upgrade, which will introduce ‘blobs’ on chain, set to reduce the average transaction fee by over 40% from $0.017 to just $0.01. This has led to Polygon fee revenue falling away, despite a growth in daily active addresses, which climbed recently to 1.2 million.
New Polygon users grew by up to 30% per day on average, an incredibly bullish metric yet to translate into Polygon price action. Polygon hit a two-year low of $0.428 on July 5th and has since bounced to $0.52. Polygon price will no doubt remain volatile as the market prices in the recent Polygon update and user adoption.
Rollblock （$RBLK） Keeps On Pumping As Presale Investors Pile In
Rollblock is fully crypto-native and free of invasive KYC checks. Users can sign in with an email address and connect their crypto wallets. Over 20 popular cryptocurrencies, including Bitcoin and Tether USDT, are accepted.
There are over 150 fully immersive, AI-powered casino table games on the platform, and a sports betting facility will be introduced soon. The native token RBLK is used for payouts and offers great utility on the site, including access to the platform’s revenue share model, which will see RBLK holders earn a share in up to 30% of the casino’s revenue.
Investors are drawn to the winning tokenomics of RBLK, which will see potentially millions of dollars of tokens taken off the market each week. Experts predict that this revenue share mechanism will launch Rollblock price up to 100x in 2024, and investors are urged to hurry as stage 4 coins are selling out fast at $0.0172!
Discover the Exciting Opportunities of the Rollblock （RBLK） Presale Today!
Key Takeaways
- Ethena faces significant price volatility due to token unlocks and selling pressure.
- Polygon’s network upgrades have yet to reflect significantly in its price.
- RollBlock’s innovative approach and attractive tokenomics have led to substantial growth and investor interest.
解説
- Market Dynamics: The performance of Ethena, Polygon, and RollBlock illustrates the varying dynamics within the cryptocurrency market. While Ethena and Polygon struggle with price volatility and unfulfilled potential, RollBlock thrives due to its unique value proposition and robust tokenomics.
- Investment Opportunities: RollBlock’s growth and attractive revenue-sharing model present a compelling investment opportunity. Investors should consider the potential for significant returns while also understanding the associated risks.
- Technological Innovations: Polygon’s network upgrades highlight the ongoing efforts to improve blockchain scalability and efficiency. Despite the current lack of significant price movement, these innovations could position Polygon for future growth.