The crypto market has seen huge updates less than one week into August. Saylor has announced a change to MicroStrategy’s Bitcoin (BTC) plans, Polygon (MATIC) dropped due to scaling disappointment, and Rollblock (RBLK) has received a year-end estimate upgrade to x100 growth.
Saylor’s New Strategy Might Be Just What Bitcoin Needs to Break Out of Range
The Bitcoin price led the whole market down this week with a massive 20% drop. This trend continues months of range-bound trading for the Bitcoin price between $60,000 and $70,000.Â
However after the current crash, Bitcoin might finally be exiting this range thanks to plans by Michael Saylor of MicroStrategy to increase his Bitcoin holdings. MicroStrategy just filed with the SEC to sell $2 billion worth of its shares, with the proceeds to be used to increase the rate of Bitcoin purchases.
Ethereum ETF Disappointment Triggers Polygon Drop
This week, the Polygon price dropped 27%, taking it below $0.50. The $0.50 line has acted as a floor for the Polygon price for the last two years, and breaking through this barrier signals that worse is yet to come for Polygon.
Polygon and a handful of other Layer 2 blockchain solutions rose in anticipation that the Ethereum ETFs would lead to huge demand for scaling on the blockchain. Not only did this demand fail to appear, but Ethereum has introduced a set of upgrades with native scaling solutions that threaten to make Polygon obsolete. As a result, many Polygon investors have jumped boat.Â
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GambleFi Revolutionary Rollblock Set to Rally Through 2024
One of the biggest stories in crypto right now is what the top altcoin, Rollblock, is doing to the $450 billion global gambling industry.
Boring games, cumbersome background checks, slow transactions, shady odds and every other feature of old online gambling are gone, and the new crypto casino that Rollblock has pioneered is in.
Crypto brings a range of new features to online gambling that revolutionize the experience. These include better security, immutable bets and the removal of KYC checks.Â
Rollblock’s most famous feature is its innovative profit-sharing model. Each day, using the casino’s revenues, Rollblock buys its own RBLK tokens off the market. Half of these tokens are burned to keep RBLK deflationary, and the other half are awarded to players who stake on the platform at a 30% APY.
Rollblock is also known for its social media presence and regular events, which together bring the fun and community of crypto to the typically stale and lonely online casino model. Players feel like they are in a real-life casino, winning and enjoying life alongside like-minded people.
All this positive momentum for Rollblock has analysts expecting insane growth through 2024 and beyond. Rollblock is expected to explode out of its incoming ICO and grow 100x or more before 2024 is out.
Rollblock is currently in the 5th stage of its presale. RBLK can be bought for the steal of a price of $0.02, though is expected to rally soon with stage four of the presale sold out.Â
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Website: https://presale.rollblock.io/
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