Investors who placed billions in bets on XRP (XRP) settling its legal issues just got knocked out by the Bank of Japan market rout. Now they are switching to top altcoins like Ondo (ONDO) or GambleFi juggernaut Rollblock (RBLK). Ondo’s plans are promising, but Rollblock is pegged for 100x growth in 2024 alone.
XRP Dreams Smashed by Bank of JapanÂ
For years, the XRP price has been plagued by Ripple’s legal troubles, with range-bound trading around the anchor price of $0.50. Investors placed massive bets on the XRP price to finally break away from this range when its legal issues are settled.
However, the Bank of Japan policy shift sent global markets into a tailspin that soured numerous big crypto bets, including on XRP. Investors are now moving on from XRP and are in search of new tokens to park their billions in the hope of big returns.
Ondo’s Revenues and Brand Expand With Latest Blockchain Conquest
The Ondo price’s 30% drop this month is starting to look like a short pause on its 350% annual rise as more good news emerges for this token. Investors dumping XRP are moving over in the hopes that the Ondo price will at least retake ATHs of $1.40 from its current $0.70.
The latest good news for Ondo is the launch of its yield-bearing stablecoin on the Aptos blockchain. This opens one of Ondo’s top DeFi products to a whole new range of users, further driving up revenues and expanding Ondo’s brand name.
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Rollblock Draws Fleeing Investors to the Safety of GambleFi
The biggest draw for investors fleeing XRP is Rollblock’s record-breaking presale. This top altcoin is making headlines with its next-generation crypto casino and the untapped potential of the $450 billion global gambling industry.
Analysts expect Rollblock to rapidly take market share from traditional online casinos thanks to the far superior experience of gambling with crypto.
Rollblock’s players enjoy fast, safe, anonymous, and seamless access to more than 150 of the industry’s best games.
Players also get to enjoy Rollblock’s innovative gambling token, which offers a source of passive income. RBLK is powered by daily buybacks using up to 30% of the casino’s revenue. The buyback tokens are either burned to keep RBLK on a strict deflationary trend or they are awarded for staking on the platform with the best APYs in the industry.
Rollblock also hosts regular events and giveaways across its massive social media presence, which gives its players a feeling of excitement and community that only crypto can provide. Rollblock’s most recent Paris Olympics event was a huge success, and 1,000s of new players joined the platform.
RBLK is selling for $0.02 at the start of the 5th stage of its presale. Analysts now expect this price to be more than $1 by the end of 2024, with even more growth in 2025 as Rollblock dominates online gambling.Â
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