Fantom and Immutable: Recent Performance and Market Trends
Fantom and Immutable have both seen remarkable gains in recent years. However, market uncertainty is causing these projects to stall. Investors are now looking to diversify their portfolios with emerging projects to maximize returns. One such project gaining traction is Rollblock, which recently achieved a significant milestone with a 150% increase in returns.
Fantom: Awaiting Major Upgrade Amidst Bearish Trends
Currently, Fantom is experiencing bearish conditions, trading below both the 50-day and 200-day moving averages. At a price of $0.38, it remains 23% higher for the month, despite a decline from its recent peak of $0.52 reached on August 26.
On August 1, the Fantom Foundation rebranded to Sonic Labs and is preparing a major upgrade. This upgrade will feature a new high-throughput layer-1 blockchain and a native layer-2 bridge to Ethereum, aimed at further enhancing the Fantom ecosystem.
Immutable: Despite Positive Announcements, Decline Continues
Immutable is currently valued at $1.17, experiencing a sharp 18% decline over the past week. Trading volume has also decreased significantly, with a 31.5% drop in intraday trading, totaling $29 million.
On September 6, Immutable plans to distribute 32.47 million tokens worth $38 million to support ecosystem development. This move is expected to increase volatility and selling pressure. Additionally, Coinbase will soon support Immutable perpetual futures, generating notable investor interest.
Rollblock: The Rise of GambleFi
Rollblock, a community-backed crypto casino, is poised to surpass major altcoins with its innovative approach to online gambling. By combining elements of TradFi and DeFi, Rollblock enhances the casino experience while ensuring security and transparency.
The platform addresses common issues in online gambling, such as delayed payouts, privacy concerns, and outages, by utilizing blockchain technology for smooth and traceable transactions.
No KYC is required to join Rollblock; users simply connect their crypto wallets to access over 150 games. The casino will reinvest 30% of weekly profits into a novel revenue-sharing mechanism, providing players with recurring staking rewards. Regular token burns will create supply shocks, potentially driving the price of RBLK, the casino’s native token, significantly higher.
Presale and Future Prospects
Stage 6 of the Rollblock presale is currently underway, having raised over $3.2 million. RBLK tokens are priced at just $0.025, with an anticipated 800% surge by the end of the presale. As 2025 approaches, Rollblock is expected to see extraordinary growth, making it a prime opportunity for early investors looking to capitalize on the emerging GambleFi trend.
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