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Cryptocurrency News Articles

L2 Crypto Race Heats Up as Base Achieves a Historic Milestone, Avalanche Retests ATH, and Rollblock Disrupts Online Gambling

Dec 15, 2024 at 04:32 pm

Base Network's l2 crypto has just achieved a historic milestone of over 11 million transactions in a day. After the meme coin boom on Base Network

L2 Crypto Race Heats Up as Base Achieves a Historic Milestone, Avalanche Retests ATH, and Rollblock Disrupts Online Gambling

Base, Ethereum’s l2 crypto, has just achieved a historic milestone by processing over 11 million transactions in a single day. Following the meme coin boom on Base Network, where coins like Clanker gained massive attention, DEXs on Base have registered record-breaking volumes, reaching approximately $42 billion. This surge has propelled Base’s l2 crypto network to cross the $10 billion mark in total value locked (TVL), making it the leading crypto layer 2 chain.

Meanwhile, Avalanche is also surging, with its 24-hour trading volume increasing by over 70% on some days, reaching $1.2 billion. Over the last 30 days, AVAX has seen a 70% price rally. However, it still remains 66% down from its ATH. Toncoin, on the other hand, had a sharp 37% dip since August, but is now recovering, as seen by its 23% rebound.

Another new crypto asset that is making waves in the online gambling scene is Rollblock’s RBLK token. Rollblock is integrating blockchain technology into online casinos, and has already managed to raise over $7 million. Analysts are expecting a strong launch for RBLK.

Presently, AVAX is trading at $48, up 53% year-to-date, as its holders are aiming to push the coin back to $55. Some are even predicting a bullish outbreak past AVAX’s previous ATH, potentially reaching $1000. Reports indicate that President-elect Donald Trump may be setting the stage for Avalanche to kick off the new year with a bull run.

L2 crypto assets and AVAX may be grabbing headlines, but Toncoin has also had a remarkable year. While its price is forming an ascending channel that usually leads to higher highs, TON’s journey has been quite volatile. Between August and October, TON’s price dipped by over 37%. The bearish trend reversed at the start of November, as TON registered an uptick of over 58 % as its price rebounded at the $7.2 region. From its current price of around $6.40, TON is expected to continue its ascending channel on its path to a new ATH.

Rollblock is the first GambleFi protocol in the world, aiming to disrupt the online gambling market, which is set to cross $740 billion by 2028. While most casinos offer low payouts and unreliable profits, Rollblock comes with provably fair games that are hard to manipulate as they are immutably recorded on its blockchain.

Rollblock features a new crypto token called RBLK that is used to reward top players and distribute a stake of the casino’s weekly profits through a token burn event. Another stake of the casino’s profits will buy back RBLK from the open market, thus boosting the overall value of RBLK held by presale participants.

The casino is already live and features popular classics such as Roulette, among other table games. Apart from playing games, users also get to enjoy Rollblock’s staking program that offers a 30% APY. Rollblock’s ongoing presale has already brought in over $7 million, and analysts are expecting a strong launch for RBLK.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino

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Other articles published on Dec 15, 2024