Ethereum and Shiba Inu Face Market Challenges
Ethereum (ETH) has been underperforming since the launch of the Ethereum ETF, which failed to generate significant momentum. Similarly, Shiba Inu (SHIB) has seen a steep decline of over 30% in the past month, leaving investors disappointed.
As ETH and SHIB investors face losses, Rollblock’s new crypto token, GambleFi, is emerging as a promising alternative. With a strong growth trajectory and an enticing profit-sharing model, Rollblock could offer a much-needed boost for those holding ETH and SHIB.
Ethereum’s Recent Performance
Ethereum holders are currently grappling with a 25% drop in monthly value. The cryptocurrency was expected to surpass its all-time high (ATH) of $4,800 from 2021. However, ETH fell short, trading around $4,000 in March and struggling to break $3,500 after the ETF launch on July 23.
In early August, a market downturn pushed ETH to the $2,100 range. Although it saw some recovery, trading around $2,600, ETH remains down over 25% for the month with only a modest 45% return over the year. This poor performance has led ETH holders to explore new investment opportunities.
Shiba Inu’s Recent Struggles
Shiba Inu (SHIB) has been experiencing a bearish trend for the past five months, exacerbated by the crypto market crash on August 5. SHIB’s price fell to the $0.00001 level, but a slight recovery brought it to around $0.000013. Despite a 30% increase, SHIB has declined over 30% in the past month, resulting in a 46% yearly return.
Given SHIB’s ongoing struggles, many investors are seeking new cryptocurrencies with higher growth potential.
Rollblock’s Presale: A Promising Opportunity
Rollblock, a new crypto token by GambleFi, is creating buzz in the crypto community with its innovative approach to online gambling. The platform’s profit-sharing model and growth incentives make it an attractive option for investors.
- Profit Sharing: Rollblock offers weekly dividend payouts from a portion of the platform’s gross gaming revenues.
- DeFi Staking: The platform provides staking incentives with an attractive 30% APY.
- Deflationary Token: The RBLK token is capped at one billion, with a weekly burn schedule to increase its value as demand rises.
With the global gambling market expected to surpass $744 billion, Rollblock’s growth-focused structure positions it for significant future expansion. Analysts predict that the new token could deliver up to 100x gains upon launch.
The Rollblock presale has already attracted close to $2.2 million in investments, with 1 RBLK priced at $0.021. Investors are eagerly participating in this presale, anticipating substantial returns.