Ethereum

2024

Arbitrum

GambleFi

Optimism

Ethereum ETFs have brought users pouring into the cryptocurrency ecosystem. While this has sent ERC 20 token Rollblock (RBLK) estimates to the moon on x100 growth forecasts, Layer 2 blockchain solutions like Optimism (OP) and Arbitrum (ARB) have actually fallen. Rollblock’s secret to being the top altcoin on the Ethereum blockchain is its focus on GambleFi instead of scaling solutions.
<h3 id="strong-native-scaling-solutions-for-the-ethereum-blockchain-take-the-wind-from-optimism-s-sails-strong">Native Scaling Solutions For The Ethereum Blockchain Take The Wind From Optimism’s Sails&nbsp;</h3>
The Optimism price is down 11% this week, despite the huge influx of users into the Ethereum ecosystem. This drop cannot be blamed on technical factors, as the Optimism price is only up 6% on the year.
Many investors bet big on Layer 2 blockchain solutions like Optimism being essential to scaling the Ethereum blockchain for all these new users. However, Ethereum has rolled out a steady rate of upgrades with native solutions for scaling issues. As a result, Optimism’s usefulness has declined. Over the next few months, experts believe that Optimism could see further crashes, with Optimism’s price currently trading at $1.64.&nbsp;
<h3 id="strong-arbitrum-s-hopes-lie-in-ethereum-s-failure-to-adapt-to-new-user-numbers-strong">Arbitrum’s Hopes Lie In Ethereum’s Failure To Adapt To New User Numbers&nbsp;</h3>
The Arbitrum price fared even worse this week, with a 13% drop. This dark week adds to an already bad year for Arbitrum, which leaves Arbitrum’s price down 41%.
Arbitrum is another Layer 2 blockchain solution that was expected to be essential to a growing Ethereum ecosystem. While there is still some chance that the Ethereum blockchain is unable to accommodate this rate of new users, as of now tokens like Arbitrum are fading into irrelevance. With this in mind, Arbitrum is expected to see further declines, with some analysts stating that Arbitrum could drop below $0.50.&nbsp;
<h3 id="strong-top-altcoin-rollblock-has-nowhere-to-go-but-up-as-ethereum-users-soar-strong">Top Altcoin Rollblock Has Nowhere To Go But Up As Ethereum Users Soar</h3>
Unlike Layer 2 blockchain solutions, Rollblock will always benefit from a growing Ethereum ecosystem. As the best crypto casino in the market today, more users in the Ethereum ecosystem means more people are drawn to Rollblock’s excellent gaming, thriving community, and rewarding tokenomics.&nbsp;
Rollblock is taking advantage of this huge influx of Ethereum users by hosting an endless stream of exciting giveaways and other events. Rollblock’s current big event is a Paris Olympics giveaway with great prizes and fun Olympics-themed games.
Players who come for the events and the community stay for the premiere gaming platform, featuring over 100 of the industry’s most popular games. Rollblock is also soon expanding into sports betting, with odds available for practically every major sport in the world.
Rollblock’s tokenomics is its biggest draw, as it is constantly pumping revenue back into its players through high-APY staking rewards and token burns. RBLK is bought back from the market each week with 30% of the casino’s revenues and used to support these revenue-sharing programs.
With the global gambling industry set to expand from its current $450 billion to $750 billion by 2028, analysts now expect Rollblock to grow at least x100 in 2024 and x10,000 by 2026. RBLK is currently selling for $0.0175 in the 4th stage of its presale following its 4th increase in just 1 month!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: <a href="https://presale.rollblock.io/" target="_blank" rel="noopener noreferrer nofollow">https://presale.rollblock.io/</a> Socials: <a href="https://linktr.ee/rollblockcasino" target="_blank" rel="noopener noreferrer nofollow">https://linktr.ee/rollblockcasino</a>&nbsp;
The post <a href="https://www.ethnews.com/ethereum-tokens-like-rollblock-are-exploding-in-price-but-layer-2-solutions-op-and-arb-down-over-10-in-past-week/" rel="noopener noreferrer nofollow">Ethereum Tokens Like Rollblock Are Exploding In Price But Layer 2 Solutions OP and ARB Down Over 10% In Past Week</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Ethereum Tokens Like Rollblock Are Exploding In Price But Layer 2 Solutions OP and ARB Down Over 10% In Past Week

Table of Contents

ETHNews

Other articles published on Aug 1, 2024

Fed Chair Hints at Possible Rate Cut in September

Bitcoin's Biggest Game-Changer: The National Bitcoin Reserve

Why Didn’t Bitcoin Recover After FOMC’s Dovish Stance? Explore Here!

XRP Ledger Offers Tokenized US Treasury Bills With This New Partnership

Ethereum’s firm $2,860 support signals path to $4,500 — Deribit

Bitcoin dips to $63K as Fed holds interest rates steady

Join our free newsletter for daily crypto updates!