In the latest developments in the crypto industry, Polkadot and Polygon have introduced new Parachains and the Miden Alpha Testnet v3, respectively, thereby expanding their individual ecosystems. Despite these noteworthy updates, Rollblock, a new GambleFi token, has gained more market traction than DOT and MATIC.
Curious to know how? Then, keep reading to explore the market performances of these tokens!
Polygon’s Miden Alpha Testnet Sparks 1,493% Surge in Large Transactions
IntoTheBlock data has revealed that over the past 24 hours, MATIC has witnessed an incredible 1,493.81% rise in large transaction volume which cumulatively amounted to 203.98 million MATIC tokens worth $102.87 million and indicates increased activity from institutional traders.
This uptick has been tied to the recent launch of the Miden Alpha Testnet v3 by Polygon, which is a zkVM rollup that introduces transient notes for sub-second order updates, an enhanced command-line interface, and a Miden WASM client for in-browser use on the Polygon network.
With these advancements in Polygon’s DeFi ecosystem, the price of MATIC is yet to see improvement. While significant network upgrades and large transactions often result in price changes, MATIC has only seen a 4% increase to $0.514 in the past day.
Polkadot’s New Parachains To Ignite Medium-Term Rally
Once one of the best DeFi coins in the crypto industry, DOT has fallen from these ranks, currently #12 in the Layer 1 sector after being outperformed by 64% of the top 100 cryptocurrencies over the past year. However, Polkadot is also working on expanding its DeFi ecosystem.
The Polkadot Network has announced the launch of new parachains—custom, project-specific blockchains that are connected to the Polkadot Network and provide a range of features and capabilities, such as cross-chain interoperability, NFTs, and DeFi.
The price of DOT surged 7% to $6.22 in response to the news, changing its market’s sentiment from bearish to neutral, with speculation rife on its potential of a medium-term rally. The long-term outlook for DOT, however, is still quite bearish as it is currently trading -89% below its all-time high and below the 200-day SMA.
Rollblock Gains Massive Traction With Online Casino And Presale Success
After a thorough review of its whitepaper, it’s not hard to see why top market analysts have touted RBLK as one of the best DeFi coins to invest in this year and why it has rapidly gained enough traction to outpace top cryptocurrencies like MATIC and DOT.
The first feather in Rollblock’s cap is its versatility. Good old-fashioned casino games like blackjack, roulette, and poker? Rollblock’s got you covered. Looking for Web3 games? Rollblock’s got you covered, too. Sport betting? Yup, still Rollblock! Live games and not electronic pixels? You guessed it: Rollblock! No KYC and a play-to-earn scheme to boot!
By 2029, there will be 281.3 million users in the online gaming sector, according to Statista. Leveraging this new and lucrative market, Rollblock has created an innovative online casino that uses RBLK tokens as a reward system.
This form of utility in a burgeoning market has given RBLK an unprecedented level of market penetration, which is reflected in its ongoing presale performance data. Despite just being in , the presale has already raised $1.1 million in funding, with approximately 38 million RBLK tokens sold. Considering how Rollblock gives weekly revenue-share payouts to all its holders, nobody is surprised that the Rollblock presale has seen huge interest within the crypto space, and the current stage of presale is almost 90% sold out.
Notably, the RBLK tokens are currently selling for a discounted price of $0.0158, representing the perfect entry points for new investors looking to maximize their potential returns. Specifically, many market analysts have forecast that by Rollblock’s official public sale, the value of RBLK will have witnessed an exponential increase of over 800%.
Conclusion
RBLK has used a combination of excellent tokenomics, a clear roadmap, deflationary mechanisms, strategic ecosystem partnerships and upgrades, and leveraging the emerging GambleFi industry to gain rapid market traction and dominance.
Despite stiff competition from established tokens like MATIC and DOT, RBLK has maintained its ground, attracting billions in capital inflows on its presale!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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