Ethereum

Read

Ethena

The cryptocurrency market has taken an unexpected turn in 2024. Although the market rallied at the Ethereum ETF news, the current conditions of the crypto market have not allowed for a sustained pump, and sell-offs have become the norm. Lido and Ethena, in particular, have faced significant struggles. As a result, many Lido and Ethena holders are turning to one of the few projects that have been thriving during this recent downturn: the crypto casino Rollblock
Rollblock has made waves in the online gambling sphere as it offers some of the highest APY on the market and closes the gap between DeFi and TradFi gaming. By leveraging these features it’s set to disrupt the online casino industry, currently worth $450 billion.
<h2 class="wp-block-heading" id="h-lido-facing-a-recovery-after-major-sell-off-but-for-how-long">Lido Facing A Recovery After Major Sell-Off, But For How Long?</h2>
Lido ($LDO) is the major Ethereum-based liquid staking solutions protocol, controlling over 27% of all staked $ETH. While Lido’s fundamentals are incredibly strong and its value it’s set to reach new peaks as the cycle progresses, Lido’s bullish momentum has been cut short amidst the recent market turbulence.
Lido’s price fell by nearly 56% since it reached a local top of $3.60 in January, plummeting all the way down to $1.56. In the past 24 hours it experienced a sharp but modest recovery that saw Lido regain the $1.67 mark. But so far, there is no indication that this level will be sustained for much longer.
<h2 class="wp-block-heading" id="h-ethena-launch-troubled-by-market-downturn">Ethena Launch Troubled By Market Downturn</h2>
Ethena is a new promising DeFi protocol, running on the Ethereum blockchain. In April 2024 it released its native token $ENA via airdrop to the holders of their synthetic dollar USDe.
At the time of launch the Ethena token ($ENA) traded at $0.64, with Ethena quickly rising to $1.46 in the following days, promptly catching the interest of investors. The current market conditions, however, are far from ideal and a capitulation followed shortly after. Ethena’s valuation crashed by a whopping 72% with the price bottoming at $0.40 and as a result some experts believe that Ethena could crash to 0.&nbsp;
<h2 class="wp-block-heading" id="h-rollblock-shows-impressive-strength-as-crypto-prices-are-in-a-freefall">Rollblock Shows Impressive Strength As Crypto Prices Are In A Freefall</h2>
While established crypto projects are seeing steep price drops, $RBLK, the native token of the crypto casino Rollblock, is thriving. Mainly thanks to the robust fundamentals set in place by the company before its release, it’s worth noting that the casino is already generating revenue. Rollblock’s domination of the space is just starting, as it’s set to revolutionize the online gambling sphere, offering a vast array of innovative solutions.
&nbsp;Its first move is to address issues of transparency and trust that have plagued the online casino industry for years. It does this by leveraging blockchain technology, as it provides a high degree of security and virtually removes the possibility of foul play. Moreover, there is no KYC form to be filled, users can start playing immediately by connecting their wallet or signing up via email.
The $RBLK token plays a crucial role in the framework of the casino, not just as an asset that can be traded externally, but also as a key component for the generous reward system. On a weekly basis Rollblock will use 30% of the profits generated on the platform to buy back the token on the open market.&nbsp;
As time progresses, this could mean millions of dollars worth of $RBLK bought by the casino, and this is where things get interesting. Half of this amount will be burned forever, strengthening the liquidity pool and making the token deflationary, which will lead to sustained long term price growth. The other half will be distributed to holders as staking rewards, with one of the highest APY in the crypto sphere.
At the time of writing, the $RBLK presale is live and currently in stage 3. Despite the market’s bearish sentiment, the price has already increased by 54%, now sitting at $0.0154. Analysts predict another 100% increase in the coming days as momentum steadily builds. Taking all these factors into account, experts believe that $RBLK could see a 100x price multiplier when the trend flips positive and bears capitulate. This means there has never been a better time to start stacking up on $RBLK!
Become part of the crypto casino revolution and discover the exciting opportunities of the Rollblock presale now!
Website: <a href="https://presale.rollblock.io/" target="_blank" rel="noopener noreferrer nofollow">https://presale.rollblock.io/</a> Socials: <a href="https://linktr.ee/rollblockcasino" target="_blank" rel="noopener noreferrer nofollow">https://linktr.ee/rollblockcasino</a>&nbsp;
The post <a href="https://cryptonewsland.com/rollblock-set-to-2x-in-july-as-nearly-all-other-ethereum-tokens-like-ldo-and-ena-capitulate/" rel="noopener noreferrer nofollow">Rollblock Set To 2x In July As Nearly All Other Ethereum Tokens Like LDO and ENA Capitulate</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Rollblock Set To 2x In July As Nearly All Other Ethereum Tokens Like LDO and ENA Capitulate

Table of Contents

Crypto News Land

Other articles published on Jul 11, 2024

Mt. Gox Repayment Sparks Market Volatility: Analysing the Crypto Turbulence

ONDO Price Drifts from All-Time High, Profit-Taking Increases

Examining the Role of UK Bitcoin Mining in Renewable Energy and Grid Management

BlockDAG’s X1 Miner App Live on Apple Store, Offering Lucrative Earning Potential While XLM Price...

Goldman Sachs Embraces Crypto With Three New Initiatives In The Tokenization Sector

Bitget Lists Mocaverse (MOCA) Coin from $6 billion-valued Web3 Giant Animoca Brands on Spot Market

Join our free newsletter for daily crypto updates!