THORChain (RUNE) wasn’t spared, as the recent crypto bull run continued to experience a significant correction last week. Another Ethereum token, Mantle (MNT), wasn’t lucky either. Both were pushed to break their major weekly supports where investors had pegged their hope, hurtling down to trade below their 50-day weekly moving averages.
This has led RUNE and MNT investors to join other big-time whales in exploring Rollblock’s ($RLBK) presale, a low-cap iGaming token tipped to skyrocket 100x on launch. Let’s find out why.
RUNE Tumbles After Delivering a 1300% Gain To Investors
RUNE is a top Ethereum token that delivered a more than 10x return to holders during the recent crypto bull run. RUNE rallied from its $0.77 low in June 2023 to hit $11 in March 2024, delivering over a 1300% return to patient THORChain investors.
However, RUNE seems to have fallen out of favor and has since been trapped in a bearish run. As of press time, RUNE trades in the $3.5 region, a more than 65% drop from its March high. CoinMarketCap data shows it to be over 50% down in the last 90 days and over 30% in the past month.
Even the recent THORChain integration with Fireblocks to ensure secure cross-chain settlements hasn’t helped the RUNE price to lift. With short-term projections placing its price in the $4-$5 region, there are better coins like Rollblock ($RBLK) with parabolic growth potential where a growing number of investors have taken big positions.
Mantle (MNT) Registers Modest Performance
Compared to RUNE and other Ethereum-based tokens, MNT’s performance hasn’t been spectacular. The MNT price bottomed out in the $0.31 region in October 2023 and rose steadily to hit an ATH of $1.5 in April 2024, giving a modest return of about 380%.
MNT has since assumed a bearish drawdown and currently trades in the $0.67 region, a more than 50% slump from its ATH. It seems like Mantle’s approach to ease congestion on the Ethereum network hasn’t sparked investor interest. And with many other L2 projects trying to do the same, MNT’s fate remains uncertain.
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Rollblock ($RBLK): Could iGaming Drive The Next Crypto Bull Run?
Over $200 billion is expected to flow into the massive gambling sphere by 2028. Leveraging the immutable benefits of blockchain technology, Rollblock has built a community-driven GambleFi platform to allow players and investors to tap into the gaming wealth.
Rollblock’s iGaming protocol ensures a fully secure and transparent gaming experience. Bets and transactions are recorded and secured on the Ethereum network, addressing trust and accountability pain points that players face. Unlike most other casinos, Rollblock has no KYC requirements and offers a wide selection of more than 150 games for players to wager on with $RBLK and a host of 20+ other coins.
However, it’s the investment part where things get juicy. The platform’s native token, $RBLK, has a revenue and token burn model that’s hard to resist. Rollblock plans to use a portion of its weekly revenue to buy RBLK tokens from the market. 60% will be burned out of supply to boost the token’s value, and the rest will be paid out as rewards to token holders.
The other incentive for investors is in $RBLK staking to provide liquidity on the platform and earn token rewards to the tune of 30% APY.
Conclusion
With RUNE failing to smush its 2021 ATH and MNT experiencing modest price action, these Ethereum tokens appear to have run their course. Rollblock ($RBLK) has positioned itself as a crypto gem with immense potential, hence a better bet for a crypto bull run.
Analysts expect the $RBLK token price to gain $880% in presale with a 100x return on launch. Rollblock’s stage 3 is almost at the end; don’t miss out!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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