August is bringing a lot of change to the crypto market. Established tokens like Render (RNDR) and Polkadot (DOT) are losing investor confidence, while Rollblock’s (RBLK) new crypto-based casino keeps hitting new highs every week.
Render (RNDR) Plunges Nearly 20% in Past Month
Render (RNDR) recently conducted a rebrand, renaming its token to Render (RENDER). Despite this big step, Render has seen a huge dip in value over the past month. At the time of writing, Render is trading at $5.9 after an intra-day decline of 4.8% and an intra-week decline of over 13%.
Even though Render has made considerable efforts to recover, it seems like the bears are taking over. Render’s market cap is down by 4.8%, although the daily trading volume has risen by nearly 20% in the past 24 hours. If this sentiment persists, then Render investors may start booking profits, making the price see lower lows in the following weeks.
Polkadot (DOT) Spends All of July in the Red
Polkadot’s price chart only saw a few minor surges in the past month. At the time of writing, Polkadot is trading at $5.54 after an intra-day decline of 2.62%. Over the past week, the Polkadot price has decreased by over 7%, with a falling market cap and rising trading volume.
This massive decline is because Polkadot’s daily active addresses are at their lowest point since January. Since users are moving away from Polkadot, it is safe to say that both new and existing users are losing interest in the token.
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Rollblock (RBLK) Investors Enjoy Huge 75% Gains
Rollblock ($RBLK) has been making waves in the DeFi sector ever since its presale launch. With Rollblock’s unique approach to bringing back trust and transparency to online casinos, analysts are expecting it to disrupt the entire $450 billion-a-year gambling industry.
Rollblock’s digital casino is unlike anything the gambling world has seen before. The platform is entirely crypto-native, meaning that gamers don’t have to waste time on lengthy KYC checks. Players can deposit over 20 cryptocurrencies, including Bitcoin and Tether USDT, to gain exclusive access to Rollblock’s gaming library.
There are already 150+ games on Rollblock’s casino that are all regulated and audited by Solid Proof. Apart from casino classics like roulette and poker, Rollblock also features new, AI-powered games by integrating Web3 technology. All this will soon be accompanied by sports betting that is set to cover popular events.
Another reason why Rollblock is the platform’s unique revenue-sharing model. Each week, Rollblock will buy $RBLK from the open market. Half of these tokens will be burned and the remaining half will be used for staking rewards.
As demand continues to soar, Rollblock’s price is expected to see massive surges in the following weeks. Early investors have already made over 75% gains on their tokens, with RBLK selling for $0.0175, and analysts are expecting a further 100x surge in 2024.
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