Transaction tokens continue to face outflows as investors move on to more promising sectors. Both Stellar (XLM) and Bitcoin Cash (BCH) investors are moving on in favor of the enormous potential of GambleFi’s top altcoin, Rollblock (RBLK). Rollblock’s crypto casino is expected to blow through the $100 million market capitalization milestone right out of its upcoming ICO.
Stellar Investors Start Heading for the Exit
Stellar has been touted as the next big thing for almost ten years now. However, Stellar has given up big gains from both the 2018 and 2021 rallies, which has left many investors expecting more of the same. With the bottom falling out of transaction tokens generally, many Stellar investors are now looking for an exit.
The Stellar price did see some gains in the 2024 rally, but it was small compared to the rest of the market. The Stellar price has since fallen back below its anchor point of $0.10.
Bitcoin Cash Now Underwater From 2018 Fork
Bitcoin Cash is another transaction token whose investors think its best days are behind it. Bitcoin Cash is a Bitcoin fork that was designed to perform transactions faster and for lower fees, but it is now almost 40% below its 2018 fork price. Now that investors are moving on from most transaction tokens, this may be the end of Bitcoin Cash.
The Bitcoin Cash price is up 70% this year. However, the Bitcoin Cash price has already given up more than 50% of its 2024 high.
Rollblock Expected to Blast Through $100 Million Milestone
Unlike transaction tokens, GambleFi tokens are taking off as one of the best sectors in this growing bull market. As the top altcoin in the GambleFi space, Rollblock is expected to soar out of its upcoming ICO and easily break the $10 million market capitalization milestone before the end of 2024.
Everyone is piling into GambleFi tokens on the enormous promise of the $500 billion global gambling industry. The old online casino model is slow, cumbersome and boring, and blockchain technology is in the process of changing the game for the better.
Rollblock’s crypto casino features more than 150 of the best games in the industry on a platform with next-generation UX design. Players can now access all this without the costs and restrictions of traditional online casinos. Crypto has transformed how players gamble online, with a huge range of currencies and tokens available for use and no annoying KYC regulations or a lengthy registration process.
Most of the excitement about Rollblock’s growth is the result of its game-changing gambling token. RBLK is bought back from the market, using up to 30% of daily revenue. These tokens are either burned to drive up the price or used for staking rewards to generate income.
Rollblock’s current stage five price of $0.021 is set to increase again next week. Current estimates have RBLK exploding past the $100 million market capitalization milestone out of its ICO, with at least 50x growth in 2024.
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