Polkadot (DOT) and Chainlink (LINK) are two of the biggest names in the altcoin space. However, due to their recent lackluster performance in the market, these altcoins are now facing fierce competition from a new entrant, Rollblock (RBLK). According to market experts, the rapid growth of Rollblock and its strategic placement in a $450 billion market may see it surpass DOT and LINK in this bull market.
Polkadot (DOT) Drops Out of Top 10 Altcoins As Decline Continues
As one of the first platforms that advanced the interconnection of blockchains, Polkadot (DOT) enjoyed a lot of early success. Polkdaot quickly became one of the top 10 altcoins, peaking at a price of $54.9 in November 2021. Since then, DOT has failed to repeat the same price action that made it one of the top altcoins.
While 2024 has so far been a bullish year for most of the crypto market, the Polkadot price has been on a decline. YTD, the price of DOT has plunged by 23%, losing its position among the top 10 altcoins. While still in the $6.3 range, CryptoYapper sees this as a good opportunity to buy, as DOT is undervalued.
Chainlink (LINK) Shows Promise But Fails To Record Gains
Over the last few months, the adoption of Chainlink (LINK) has been on the rise. The advanced Oracle services and its recent venture into the real-world tokenization (RWA) market have made Chainlink one of the most in-demand blockchain networks.
Despite its undeniable network growth, the price of Chainlink has failed to live up to expectations. So far in 2024, the price of LINK has gained only 1%, remaining around the $15 price range it began the year at. While its links to the RWA market may boost the price of Chainlink in the future, its current price action leaves little to be desired.
Rollblock (RBLK) Rises By 40%, Poised for a Parabolic Price Surge
While the top altcoins, Polkadot and Chainlink, are struggling with bearish pressure, Rollblock (RBLK) has been the shining star, rising by 40% to hit its current high of $0.014 per coin. However, top analysts predict that Rollblock will see a parabolic surge of up to 50x this year and may even cross the prices of LINK and DOT in the second half of this year.
These optimistic views regarding Rollblock can be attributed to the project’s unique platform, GambleFi, which was designed especially to solve issues within the $450 billion gambling industry. With the highest levels of transparency and trustworthiness provided by Rollblock, GambleFi solves the main problems of fairness and trust – the two major concerns of traditional online gambling.
With gamblers always sure that the 150 games offered on the platform are absolutely fair and conducted in a trustless manner, market experts believe Rollblock will become one of the top gambling platforms. Even just capturing a share of the $450bn a year gambling industry would prove hugely lucrative to Rollblock and RBLK holders. To further attract users, Rollblock offers additional ways for its users to earn money. Those who hold RBLK tokens can earn from the daily revenue generated by the casino.
Setting it apart from the competition, Rollblock introduces a revenue sharing model that has been attracting big investors to the platform. The Rollblock team has announced that up to 30% of its weekly earnings will be used to buy back RBLK tokens from the open market. Half of the total sum will be burned to strengthen RBLK, while the other half will be distributed to RBLK holders via staking rewards. The strategic positioning of RBLK in the gambling market along with its earning opportunities, is why it is one of the best coins to invest in ahead of LINK and DOT.
Conclusion
Although Polkadot and Chainlink are two top altcoins, their recent performance in the market has led many investors to favor Rollblock instead. RBLK is not only one of the fastest-growing altcoins, but as the token of an innovative platform looking to take over a $450 billion market, it is now rated as one of the best coins to invest in for massive returns this year.
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