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Cryptocurrency News Articles
Rollblock Presale Tops $10M: Why Avalanche Investors Are Backing This Rising Star
Feb 02, 2025 at 06:00 pm
Rollblock has captured the interest of thousands of players and investors with its innovative approach to GameFi. This momentum has driven its presale past $10 million, attracting over 45,000 early investors and setting a new market benchmark.
Rollblock, a GameFi platform that aims to revolutionize the gambling industry with blockchain technology, has now crossed the $10 million mark in funds raised during its presale. This impressive achievement is largely attributed to the platform's unique value proposition, which addresses some of the critical pain points faced by both players and the gambling industry at large.
As we approach the second quarter of 2025, Rollblock has managed to generate significant buzz and momentum within the crypto community. The platform's native utility token, RBLK, has attracted the attention of investors, particularly those in the Avalanche ecosystem. But why exactly are Avalanche investors keeping such a close eye on Rollblock? Let's dive deeper into the matter.
To put things into perspective, Avalanche has not performed particularly well in the past year. After reaching a high of $65 in March 2024, the project slid down to $34.05 early in 2025. However, the launch of the Avalanche9000 upgrade did propel the project to some extent. At the moment, Avalanche trades at $35.87, with a daily trading volume of 365 million.
The project trades in a descending wedge on the technical front, with key support at $33 and resistance at $41. According to experts, a breakout above $41 could lead to a move toward 47 and 55. However, the market sentiment is still bearish, with an RSI of 39 indicating bearish momentum. Long term forecasts suggest that the coin could hit 250 by 2030 if institutional adoption and DeFi integration continue expanding. But investors are mainly focusing on long term potential over short term returns.
Now, let's shift our attention back to Rollblock. The platform is designed to address several key issues within the gambling industry, including the prevalence of scams and the slow processing times for withdrawals. Rollblock utilizes blockchain technology to enhance transparency, offering a diverse range of games and ensuring that every outcome is encrypted and recorded on the Ethereum blockchain. This eliminates any possibility of tampering with the results.
With over 7,000 on-chain games, Rollblock caters to a wide spectrum of players. The platform also features live dealer games and sports betting on major events like soccer and the NFL. In December alone, the platform saw a 600% surge in deposits and signups, with 1.75 million in wagers.
The RBLK presale has been gaining massive traction, with over $10 million raised from 45,000 early investors. Currently priced at $0.052, RBLK serves as Rollblock's native utility token, used for governance, transaction fees, staking, and revenue-sharing, which has become a key selling point of the project.
The protocol allocates up to 30% of its revenue to buying back RBLK, burning 60% of the acquired tokens while using the rest for staking rewards. Since RBLK has a fixed supply, token burning increases scarcity and will help to drive up the price of tokens over time. This type of scarcity tactic is designed to promote longevity and incentivize long term ownership.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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