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Cryptocurrency News Articles
Rollblock (RBLK) Surges 430%, Set to Redefine Online Gaming with Crypto
Feb 12, 2025 at 02:10 pm
Despite being among the top altcoins, Shiba Inu and Sui have struggled with significant losses in recent weeks. As a result, investors are shifting their attention to Rollblock, a project rapidly gaining momentum in the GameFi space.
As several top altcoins, including Shiba Inu and Sui, experience significant losses, investors are turning their attention to emerging projects like Rollblock that are making waves in the GameFi sector.
With a native token, RBLK, that has already surged by 430%, Rollblock is positioning itself to redefine online gaming and pique the interest of investors.
Here's a closer look at how Rollblock is disrupting the $450 billion gaming market with crypto.
Rollblock Transforms the $450 Billion Gaming Market with Crypto
Combining the security of blockchain with the excitement of traditional casino gameplay, Rollblock is revolutionizing the world of online gaming.
Built on the Ethereum blockchain, the protocol ensures that every game outcome is encrypted and permanently recorded on-chain, offering players complete transparency and immutability.
From anywhere in the world and at any time, players can access over 7,000 games, including live dealers and sports betting.
This player-centric approach has propelled Rollblock to become a rising force in GameFi. In December alone, the platform processed $1.75 million in wagers, while signups and deposits soared by 600%.
The growing interest in blockchain-powered gaming has also attracted the attention of investors, with Rollblock's presale raising over $10.4 million.
At the heart of Rollblock's ecosystem is RBLK, its native utility token. Currently priced at $0.053, RBLK has already delivered a 430% return for early investors.
The token plays a pivotal role in governance, staking, transaction fees, and Rollblock's innovative revenue-sharing model.
To sustain its value, the protocol uses up to 30% of its revenue to buy back RBLK from the open market. Of these tokens, 60% are burned, creating a deflationary supply, while the remaining 40% are distributed as staking rewards, offering one of the most attractive APYs in the GameFi space.
Shiba Inu Sees Surge In Market Interest Ahead Of ETF Speculation
Shiba Inu is garnering attention from traders and institutions alike, with Open Interest on Binance futures rising sharply.
Over 13.2 trillion Shiba Inu are now locked in futures, hinting at a potential breakout as it trades around $0.00001616.
Adding to the bullish outlook, Shiba Inu's circulating supply on exchanges has dropped from 141 trillion at the beginning of the year to 106 trillion on the exchange.
This suggests accumulation over selling, reducing supply pressure and supporting price growth. Shiba Inu is up 1.75% in the past day, showcasing market stability.
Furthermore, speculation is rising about a possible Shiba Inu ETF. With institutional interest growing in Dogecoin, and the meme coin now available for options trading, Shiba Inu could be next.
While no official filings have been made, an ETF remains a hot topic within the community. If approved, it could be a major catalyst for future price gains, further strengthening Shiba Inu's position in the market.
Sui Attracts Institutional Investor Attention After Rebound from Lows
After dipping below $3 for the first time since November 2024, Sui has rebounded by 10%. The token broke out of a falling wedge, a bullish pattern, but momentum remains weak.
The MACD is still negative, and the ADX at 16.13 signals low trend strength, suggesting resistance at $3.88 and $4.23. If Sui fails to break through these levels, it could drop to $3.09 or $2.89.
Despite technical challenges, institutional interest is growing. Grayscale recently launched a Sui Trust for accredited investors, and the network now has over 10 million active wallets.
Adoption in AI, gaming, and DeFi continues to expand, strengthening Sui's ecosystem.
The coming weeks are crucial. A breakout above $3.88 could push Sui to $4.73 or even $5.37, but weak sentiment may trigger another pullback. Investors are watching closely to see if the recovery holds.
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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