DeFi
Polygon (MATIC) Expands DeFi Ecosystem, Polkadot (DOT) Launches New Parachains, But RollBlock (RBLK) Gains the Most Ground
In the latest developments in the crypto industry, Polkadot and Polygon have introduced new Parachains and the Miden Alpha Testnet v3 respectively, expanding their individual ecosystems. Despite these notable updates, Rollblock, a new GambleFi token, has gained more traction in the market than DOT and MATIC.
Curious to know how? Then keep reading to find out how these tokens have performed on the stock market!
Polygon’s Miden Alpha Testnet Triggers 1,493% Increase in Large Transactions
Data from IntoTheBlock revealed that over the past 24 hours, MATIC has seen an incredible 1,493.81% increase in large trading volume, which cumulatively amounts to 203.98 million MATIC tokens worth $102.87 million and indicates increased activity from institutional traders.
This increase is related to Polygon’s recent launch of the Miden Alpha Testnet v3, which is a zkVM rollup that introduces transient notes for sub-second updates, an improved command-line interface, and a Miden WASM client for in-browser use on the Polygon network.
With these advancements in Polygon’s DeFi ecosystem, MATIC’s price has yet to see any improvement. While major network upgrades and large transactions often lead to price changes, MATIC has only seen a 4% increase to $0.514 over the past day.
Polkadot’s New Parachains Will Trigger Mid-Term Rally
Once one of the top DeFi cryptocurrencies in the crypto industry, DOT has fallen from that rank, currently ranking 12th 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 offer a range of features and capabilities, such as cross-chain interoperability, NFTs, and DeFi.
DOT price jumped 7% to $6.22 in response to the news, shifting market sentiment from bearish to neutral, with widespread speculation about its medium-term recovery potential. DOT’s long-term outlook remains quite bearish, however, as it is currently trading -89% below its all-time high and below the 200-day moving average.
Rollblock Gains Huge Ground Thanks to Online Casino and Pre-Sales 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 quickly gained enough traction to overtake major cryptocurrencies like MATIC and DOT.
The first feather in Rollblock’s cap is its versatility. Good old casino games like blackjack, roulette, and poker? Rollblock has you covered. Looking for web3 games? Rollblock has you covered too. Sports betting? Yes, always Rollblock! Live games and no electronic pixels? You guessed it: Rollblock! No KYC and a game system to win on top!
By 2029, the online gaming industry will have 281.3 million users, according to Statista. Taking advantage of this lucrative new market, Rollblock has created an innovative online casino that uses RBLK tokens as its reward system.
This form of utility in a booming market has given RBLK an unprecedented level of market penetration, which is reflected in its ongoing pre-sales performance data. Step 3The presale has already raised $1.1 million in funding, with approximately 38 million RBLK tokens sold. Considering how Rollblock provides weekly revenue share payments to all of its holders, it’s no surprise that Rollblock’s presale has generated huge interest in the crypto space, and that the current presale phase is nearly 90% sold out.
Notably, RBLK tokens are currently selling at a discounted price of $0.0158, representing the ideal entry point for new investors looking to maximize their potential returns. Specifically, many market analysts have predicted that by the time Rollblock officially launches its public sale, RBLK’s value will have increased exponentially by more than 800%.
Conclusion
RBLK used a combination of excellent tokenomics, a clear roadmap, deflationary mechanisms, strategic partnerships and ecosystem upgrades, and leveraged the emerging GambleFi industry to quickly gain traction and market dominance.
Despite facing stiff competition from established tokens like MATIC and DOT, RBLK maintained its position, attracting billions in capital inflows during its presale!
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
Disclaimer: Analytics Insight does not provide financial advice. Also note that the cryptocurrencies mentioned/listed on the website may potentially be scams, i.e. designed to trick you into investing financial resources that may be lost forever and not recoverable once the investments are made. You are responsible for conducting your own research (DYOR) before making any investment. Read more here.