Logo
Cardano Ecosystem

Blockchain Reporter

09/23/2024

·

57 views


This Token Has Risen 2.7x This Year With No Signs Of Slowing As Toncoin And Cardano Slip Amidst Market Correction

Most altcoins took a beating in the recent market correction after Bitcoin sank below $50,000 last August. Even well-established tokens like Toncoin and Cardano weren’t spared a spanking in the wake of the...

This Token Has Risen 2.7x This Year With No Signs Of Slowing As Toncoin And Cardano Slip Amidst Market Correction

rollblock

Most altcoins took a beating in the recent market correction after Bitcoin sank below $50,000 last August. Even well-established tokens like Toncoin and Cardano weren’t spared a spanking in the wake of the market correction. 

However, some altcoins were the exception to the rule. One of the altcoins immune to the market correction is newly-launched GambleFi token Rollblock, which has turned in a 2.7x gain this year as it enters stage 7 of its presale. Pundits believe Rollblock could be on the verge of a major breakout—here’s why.

Toncoin lights up second week of September with a 30% gain 

Toncoin had been on a downtrend ever since the market correction clipped its gains from its all-time high of $8.25. In the past month, Toncoin recorded a 21% loss, but turned on the jets in the past week by surging from $4.55 to $5.84, before settling at $5.50 as of press time. 

The spike in trading volume and price action gives Toncoin holders hope even as the market correction threatens to extend its tendrils of despair heading into the final quarter of 2024.  Nevertheless, the recent uptick can only be good news for Toncoin holders. 

Cardano losing ground to newer contenders

Cardano was once the darling of the crypto world when it first came out and peaked in 2021—but in 2024, it looks more and more like a spent force. Cardano trades at 89% below its all-time highs, with very little to write home about compared to its other big-cap counterparts. 

The lackluster performance has had pundits writing it off as a token that has very little to offer in the way of real utility. There is virtually nothing of note going on for the Cardano blockchain despite big talk about smart contracts and decentralized apps. Unsurprisingly, investors are moving on to greener pastures and more lucrative narratives such as GambleFi—with a good number of Cardano holders joining the Rollblock presale. 

Rollblock rattles off a 2.7x gain as stage 6 of its presale comes to a close

Few altcoins survived the wrath of the market correction—but new GambleFi presale sensation Rollblock can lay claim to being one of those by recording a 2.6x gain at a time when the rest of the market was tanking. Much of it has to do with Rollblock’s progressively increasing token prices in every stage of its presale launch, putting presale investors in a profit even before the token launches. 

Rollblock is bringing the $500 billion online gambling sector to Web3 with the launch of its no-KYC iGaming and GambleFi platform on Ethereum—the first of its own offering casino games, sports betting markets, staking, and revenue sharing under one decentralized platform. Rollblock is the next logical evolution of the online gambling industry—and if it captures even just a fraction of the market, it could translate into massive gains for its native $RBLK token. 

Having raised $3.5 million in funding, Rollblock is on the road to parabolic growth in 2024—and you get in on the gains by joining the presale while prices are just at $0.0027.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino

Josh

Josh Fernandez is a prominent figure in the world of cryptocurrency, widely recognized for his insightful and comprehensive writing on the subject. As a seasoned crypto writer, he brings a wealth of knowledge and expertise to his work, making complex concepts accessible to a broad audience.

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Blockchain Reporter

ORIGINAL SOURCE

https://blockchainreporter.net/this-toke...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from Blockchain Reporter

See more
Is Rollblock a Smarter Play Than Cardano and Shiba Inu? Top Analysts Weigh In on GambleFi’s Future
Blockchain Reporter
Is Rollblock a Smarter Play Than Cardano and Shiba Inu? Top Analysts Weigh In on GambleFi’s Future

yesterday at 10:50 AM

·

9 views

Related News

See more

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)