Things are moving fast as the next crypto bull market kicks into high gear. GameFi darling Toncoin (TON) dropped over the weekend as the founder of Telegram was jailed in France. Litecoin (LTC) tanked as a rash of small wallets finally capitulated. Rollblock (RBLK), GambleFi’s top altcoin, is now headed to $3 million raised after a blistering presale weekend.
Toncoin Tanks as Founder Pavel Durov Arrested in France
The biggest news in crypto this week is the arrest of the founder of Telegram and Toncoin, Pavel Durov, in France. Durov is being held under allegations that Telegram is being used for illegal activity, which could have a significant impact on Toncoin as Telegram’s native token.
The Toncoin price initially dropped 20% on the news, and it has held these losses despite some mild volatility. The Toncoin price had been enjoying a stellar year of 300% growth on the back of the rapid expansion of the GameFi sector.
Record Number of Small Users Close Litecoin Accounts
Litecoin’s long slide into obscurity may be coming to an end as a record number of small accounts removed functionality for the token from their wallets. Litecoin was originally touted as a fast and cheap alternative to Bitcoin, but the market has since moved on in terms of technology.
The Litecoin price dropped 8% on the news of the record account closure. Litecoin’s price did get caught up in the early 2024 crypto rally, but it ended up round-tripping those gains back to unchanged for the year.
Rollblock Racks Up Another Record-Breaking Weekend
Bad news for Toncoin and Litecoin is good news for crypto’s hottest presale, crypto casino Rollblock. Investors with spare cash to invest are turning to the enormous potential of GambleFi and Rollblock’s innovative formula for success.
GambleFi’s top altcoin had a record-breaking weekend, where it topped 10,000 unique investors and sold almost half of its stage five tokens. With only several stages left before the big ICO, investors are racing to get in on the presale while they still can.
Rollblock’s formula is based on the rapid accumulation of market share in the $500 billion global gambling industry. Rollblock’s crypto casino is unrivaled in terms of crypto innovations and player experience, so it is expected to generate unprecedented revenue for a single online casino.
Rollblock turns this revenue growth into value through its aggressive buyback program. Up to 30% of the casino’s revenues are used to buy RBLK. These tokens are then burned to drive up the value or used as staking rewards to generate income.
The result is a gambling token that attracts even more players and their revenue in a virtuous cycle. Rollblock has also created a next-generation player experience, with seamless access to 150 of the industry’s best games and an unparalleled UX design.
RBLK is selling for $0.022, but this price is set to increase again this week as it enters its sixth of eight presale stages. The final 2024 RBLK price is now estimated at between $2 and $4 as the excitement for its ICO hits extremes.
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