Functionality tokens like Stacks (STX) and Arbitrum (ARB) cannot seem to catch a break as the fresh crypto bull market flows into new projects. One of the biggest winners of this shift is GambleFi star Rollblock (RBLK). This top altcoin is a gambling industry disruptor that has many investors betting on 100x returns in 2024.
Stacks’s Layer 2 Bitcoin Blockchain Functionality Faces Declining Demand
Investors may have felt that their payday had finally come when the Stacks price rocketed to $3.60 in early 2024. However, these hopes have been tempered by the subsequent drop of the Stacks price back down to $1.80.
Stacks enables smart contract functionality on the Bitcoin blockchain, so it tends to enjoy small bumps in price as Bitcoin rises. Unfortunately for Stacks, users now have access to a huge range of native blockchains with impressive functionality, so the demand for Layer 2 Bitcoin blockchain solutions like Stacks continues to decline.
The Arbitrum Price Drops Below Its 2023 Launch As Interest Wanes
2024 was shaping up to be the year that Arbitrum early adopters would finally see their bets pay off, with highs of more than $2 at one point. However, the Arbitrum price is now sitting at a low of $0.74, with many early Arbitrum adopters facing almost 60% losses.
Arbitrum continues to compete in the incredibly cutthroat market for Layer 2 Ethereum blockchain solutions. The race to provide scalability for dApps on the Ethereum blockchain is ongoing, though Arbitrum’s Layer 3 proposal does hold some promise.
Investors Bet Big On Rollblock As GambleFi Shines
With Layer 2 solution providers struggling to generate value growth, many investors are turning to the promise of GambleFi for massive returns in this latest crypto bull run.
Many investors are placing their bets on top altcoin Rollblock and its revolutionary revenue-sharing model that promises to upset the status quo in the $450 billion global gambling industry.
Rollblock’s simple yet brilliant revenue-sharing model purchases its RBLK token back from the open market using up to 30% of each week’s revenues. These tokens are then used as high-APY rewards for staking or they are burned. This model increases demand for the token while also limiting supply, which guarantees a steadily appreciating price.
While investors can enjoy the profits from their appreciating RBLK tokens, players can use them on Rollblock’s cutting-edge online casino platform. Rollblock has spared no expense in providing the ultimate gambling experience with more than 100 games from the industry’s top providers. Everything from poker and blackjack to the latest digital slots games is available for players to enjoy.
With so many investors placing their bets on Rollblock, its presale has broken record after record. RBLK is currently selling for $0.017 in the 4th stage of its presale, and analysts are expecting this number could increase another 10x before the final 8th stage is done.
Longer-term estimates are predicting that investors who place their bets on Rollblock will see 100x returns in 2024 alone.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
The post Here’s Why Investors Are Betting Big On New GambleFi Star Rollblock; Stacks (STX) and Arbitrum (ARB) Continue To Lose Momentum appeared first on ETHNews.
