The third week of December has been brutal to the crypto markets as most tokens are deep in the red, and some are even dipping below their pre-election prices. The Polygon price is headed for its 2024 low, and VeChain is holding onto pros-election profitability, if only just. Is the funfair over? Not necessarily, but this downturn is separating the stalwarts from the merely hopeful. This may explain why iGaming giant Rollblock is closing in on $8 million in liquidity despite the market downturn.
Rollblock (RBLK): iGaming comes to the blockchain
iGaming is a massive industry, worth almost half a trillion USD annually. Incredibly, this number could be substantially larger but has been stymied by technological challenges. Hacking and mistrust have slowed down this burgeoning industry, and anyone who can ensure a fair iGaming experience will make it big.
This is precisely what online gambling dApp Rollblock has done. Rollblock is the world’s first ever play-to-earn online casino built on the Ethereum network. Every roll of the dice or flip of a card is indelibly etched on a publicly auditable blockchain. This ensures that no games are fixed, and if hackers want to find a backdoor into Rollblock, they need to hack the entire Ethereum chain.
It offers an unprecedented level of trust in the iGaming sector. Rollblock is on track to rule the headlines and may explain why this giant’s presale has already attracted close to $8 million in liquidity – it’s an investor’s dream!
Polygon (POL): Rebranded Matic has no impact on sinking Polygon price
Polygon has not done well since the crypto frenzy of 2021, and a hail-mary attempt to save the floundering token saw a very expensive rebrand to change Polygon from MATIC to POL. But, this has not been successful, and Polygon has lost 56% of its price at rebrand by the time the US election came along. Like most cryptos, the Polygon price spiked appreciably during November. Polygon peaked at almost 150% before the wheels fell off in December.
The Polygon price has already lost 40% of its post-election peak, and sadly, it does not look as if the Polygon price will see any respite in the future.
VeChain (VET): Supply chain specialists fail to launch. And resurrect.
Supply chain management is complex and intricate, and having a dedicated supply chain blockchain seems like a great idea, and this is what VeChain delivered to the world. However, this niche speciality has not been great for VeChain. VeChain never really took off despite massive growth during the hype years of 2021 and 2022.
2021 and 2022 were speculative years, with many investors taking a chance on anything blockchain in a bubble reminiscent of the dot-com era, but VeChain was one of those that went bust. The Trump Pump saw VeChain gain 250%, but it was off an already low base, and VeChain is slowly falling back to base numbers again. Investors are dumping VeChain and other low performing cryptos for Rollblock.
Conclusion
VeChain’s failure to translate into real-world gains and the sinking Polygon price prove that not all cryptos are great investments. Fortunately, many cryptos are massive investments, and millions can still be made, as the iGaming game changer Rollblock can attest to.
Rollblock is now available at $0.043 directly from their website.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io
Socials: https://linktr.ee/rollblockcasino