The Fed is delivering a double-whammy. After its first Fed rate cut since 2020 in September, it looks as if a further 25 basis point cut will come in November. Lower rates mean lower yields, and TradFi will lose out as the crypto market gains. But will the whole crypto market gain? Unlikely, NFT-heavy cryptos like ApeCoin (APE) and ImmutableX (IMX) will likely not benefit from the Fed rate cut, but the new crypto casino Rollblock is running away with the spoils.
Rollblock (RBLK): Crypto Casino Making Waves Amid Fed Rate Cuts
Rollblock, the new crypto casino on the block, is rapidly drawing investor interest as traditional markets face lowered yields from looming Fed rate cuts. As an Ethereum-based GambleFi platform, Rollblock combines online gaming with blockchain, offering users a unique and transparent casino experience. Unlike NFT-heavy tokens, Rollblock provides clear, tangible value through its crypto casino operations, allowing token holders to earn passive income through revenue-sharing from casino profits.
Rollblock’s crypto casino setup not only promises entertainment but also positions RBLK as a sustainable investment. With deflationary tokenomics—including regular token burns and a capped supply of 1 billion tokens—Rollblock ensures scarcity and growth potential. The platform’s presale phase has already raised $4.7 million, signaling investor confidence in this crypto casino.
ImmutableX (IMX): Down, but not totally out
Three years ago, IMX pushed close to $10. Fuelled by the wake of NFT mania, IMX soared with the eagles. But the NFT frenzy died down faster than it started, and IMX dropped like a stone to $0.38.
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What is interesting is that IMX has, in the last two years, returned 250%. This is higher than any bank will return, especially with a Fed rate cut on the cards. NFTs are not all bad. There were a lot of scams and a hype-driven bubble, but NFTs have their uses. IMX’s reliance on NFT-heavy infrastructure will benefit from ‘legitimate’ and responsible NFT use. However, the market is still scared of NFTs, and while IMX may do another 250% in the next two years, it’s still a slow performer with better options.
ApeCoin (APE): New chain cannot save the Ape
ApeCoin is seen by many as the original NFT crypto. For any early investors in APE, the news is not just bad but outright terrible. ApeCoin is trading at less than 5% of its ATH, which it achieved in April 2022. The driving force behind BAYC is that most Bored Ape NFTs bought for eye-watering sums are now worthless. ApeCoin is feeling the pinch.
Yuga Labs announced a new dedicated blockchain just for APE and NFTs, and APE investors saw a brief respite with the price doubling in a day. But it was short-lived as it lost about 80% of its gains three days later. ApeCoin seems to be dead and buried, and no Fed rate cut will revive it.
Conclusion
In the wake of a Fed rate cut, cryptos will benefit enormously, but not all. NFT-driven tokens like IMX and APE will hardly wobble, let alone lift off. Fortunately, the Rollblock presale is there for any disillusioned APE and IMX investors to make up lost profits as the new crypto casino is set to explode 100x when it starts trading on the open markets.
Rollblock is now available at $0.0032
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io
Socials: https://linktr.ee/rollblockcasino
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