The crowded Ethereum layer 2 space has disappointed so far this cycle, as many investors in Optimism and Arbitrum have seen the value of their holdings plummet. Meanwhile, Rollblock ($RBLK) continues to build its bullish momentum as early investors pile into its hyped presale. Find out why experts predict massive 100x gains in 2024!
Can Optimism (OP) Reclaim the Key $1.50 Level?
Optimism continues to trend lower as the recent pump to $1.47 has cooled off and has seen it chop around $1.37. Optimism market cap has fallen to just over $1.63 billion, placing the Ethereum layer 2 scaling solution at number 48 in the crypto rankings.
Optimism has been the victim of overcrowding in the layer 2 space this year, as many consider the market saturated. Ethereum ETF inflows have also been largely disappointing so far, leading many coins, such as Optimism, to flounder. Nonetheless, 24-hour trading volume is up over 25% recently to $158 million, perhaps showing renewed interest in Optimism and a coming reversal.
Arbitrum (ARB) Buyers In Hiding As Chop Continues
Arbitrum (ARB) has continued to decline from recent highs of $0.81 and is currently consolidating around the $0.53 level. Arbitum is down over 30% in the last month and finds itself at number 43 by crypto market cap.
However, Arbitrum’s active daily addresses remain in an uptrend, and Arbitrum’s daily trading volume has also spiked recently by over 45%. Arbitrum will likely continue to struggle until Ethereum price rallies to reclaim the $3k mark, after which it should easily regain the $2 mark. Some selling is bound to occur at the 100-day moving average, currently overhead at $1.91. With this in mind, analysts believe that now is a good time to buy Arbitrum.
Rollblock ($RBLK) Investors Betting Big On Casino Token
Rollblock ($RBLK) is shaping up for an incredibly bullish close to 2024 as it made yet another all-time high recently. Over 9,000 investors have taken the plunge, drawn to its unique value proposition and huge potential.
Rollblock is set to disrupt the enormous $450 billion online gambling sector by using blockchain technology to remove any risk of bet tampering.
Rollblock is entirely anonymous, as no KYC is required upon signing in. Users can simply connect a crypto wallet and for a short time will enjoy a deposit bonus on first transfers.
The native RBLK token has a hard cap of a billion coins and can be staked for up to 30% in staking yield. The casino will also support price action by buying back potentially millions of tokens each week on the open market. These coins will be split between being burned and given to stakers as rewards.
As demand surges in 2024, supply will become ever scarcer, leading many analysts to predict 100x moves this year. Investors are urged to hurry, as the $0.021 price point won’t last much longer!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
