Arbitrum

Solana

GambleFi

Rise

Gains

The GambleFi movement is quickly taking over the meme coin craze as new protocols in the sector overtake meme coins, such as Dogwifhat (WIF). Last week, WIF registered a devastating drop of 55%, adding to another 28% drop over the last 24 hours. Dogwifhat’s price was not the only one affected; Arbitrum’s ARB also plummeted 39% over the last week as holders lost interest in seeking greener pastures.&nbsp;
As it seems, Rollblock’s emerging GambleFi protocol is leading the online gambling niche after its <a href="https://presale.rollblock.io/" target="_blank" rel="noopener noreferrer nofollow">presale token</a> registered a remarkable 100% surge since the start of the presale. At a price of $0.02 per RBLK and over&nbsp; $2 million raised so far, analysts have tipped RBLK for a 100x rally on launch day.
<h3 id="strong-dogwifhat-wif-is-on-a-steady-decline-as-holders-lose-confidence-strong">Dogwifhat (WIF) is on a steady decline as holders lose confidence</h3>
Once a rising star in the meme coin space, Dogwifhat’s price has been on a steady decline over the last month, with a devastating drop of 20% over the last two weeks. Compared to Dogwifhat’s price at its all-time high of $4.83 a few months ago, the current price is down 60%, and this decline has even seen WIF’s market cap reduce by some 5.46%.&nbsp;
The decline in meme coins such as WIF came after Solana’s price dropped 21% over the last 24 hours, leading to a market wide panic as a massive sell-off ensued. Could this be the end of the memecoin craze?
<h3 id="strong-arbitrum-bearish-momentum-continues-as-whales-and-users-flee-strong">Arbitrum bearish momentum continues as whales and users flee</h3>
Users on Arbitrum’s Layer-2 network have jumped shipped to Solana as the network’s native token continued a year-long decline of over 40%. Over the last 30 days, ARB’s price has further declined 30.3% as on-chain data demonstrated a drop in user demand for the rollup chain designed to improve Ethereum’s scalability.
As the number of daily active addresses dwindled, a record-high network fee of $3.4 million was registered on June 20th as users continued to flee into other cheaper networks, such as Solana.
<h3 id="strong-rollblock-s-gamblefi-protocol-raises-over-2-million-as-support-increases-strong">Rollblock’s GambleFi protocol raises over $2 million as support increases</h3>
<a href="https://presale.rollblock.io/" target="_blank" rel="noopener noreferrer nofollow">Rollblock</a> is the talk of the town after its native token, RBLK, rallied over 100% amid increased interest from investors. Rollblock’s GambleFi protocol is the world’s first community-backed crypto casino with a generous revenue share model that rewards RBLK holders with the casino’s daily and weekly profits.&nbsp;
That’s right, RBLK holders and players get to enjoy Rollblock’s profits through rewards and bonuses designed to nurture an engaged community of like-minded individuals. Rollblock’s crypto casino will buy back RBLK from the market using the casino’s profits and another portion of the profits will go to rewards holders and players.&nbsp;
Add that to Rollblock’s zero KYC platform and players can be guaranteed easy access not to mention top-notch security as all transactions are encrypted on the blockchain. Rollblock is revolutionizing a $540 billion online gambling industry with its integration of blockchain technology and other autonomous services to bring provably fair games to the gambling niche. With a presale in its fourth stage, RBLK is tipped to rally further by 880% before the presale closes.
Discover the exciting opportunities for the <a href="https://presale.rollblock.io/" target="_blank" rel="noopener noreferrer nofollow">Rollblock (RBLK) presale</a> today!
Website: <a href="https://presale.rollblock.io/" target="_blank" rel="noopener noreferrer nofollow">https://presale.rollblock.io/</a>&nbsp;
Socials: <a href="https://linktr.ee/rollblockcasino" target="_blank" rel="noopener noreferrer nofollow">https://linktr.ee/rollblockcasino</a>
The post <a href="https://www.ethnews.com/this-is-why-this-new-gamblefi-protocol-saw-a-meteoric-rise-in-july-with-huge-gains-set-for-august-confidence-fades-for-wif-and-arb/" rel="noopener noreferrer nofollow">This Is Why This New GambleFi Protocol Saw A Meteoric Rise In July With Huge Gains Set For August; Confidence Fades For WIF and ARB</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

This Is Why This New GambleFi Protocol Saw A Meteoric Rise In July With Huge Gains Set For August; Confidence Fades For WIF and ARB

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