The post Biggest Crypto Gainers: Cardano and Shiba Inu Recover Last Week but Rollblock (RBLK) Leads The Charge appeared first on Coinpedia Fintech News
As the entire crypto market recovers from the recent rout in prices, investors are starting to look for the coins with the biggest potential upside from the rebound. From major market cap tokens and memecoins to brand new DeFi and GameFi projects, investors are eager for the kind of returns they enjoyed at the start of 2024.
The utility token Cardano (ADA) was one of the market’s biggest winners of the week as investors eyed up its plans to enhance the governance functions of this decentralized and democratic blockchain.
The Shiba Inu coin (SHIB) was also making waves this week as investors speculated that the community’s fresh commitment to increased burn rates could lead to a shakeup in the memecoin space.
Top altcoin Rollblock (RBLK) is also the topic of many conversations as a growing number of investors begin to understand the incredible profit potential in the iGaming industry. Some investors are projecting 100x returns for Rollblock in 2024 as it is in the best position to capitalize on the transition of the industry from traditional gaming to iGaming.
Cardano News Of A Hard Fork Has Investors Eyeing Big Returns
The big Cardano news driving price action this week has been the completion of the most recent update in preparation for the Chang hard fork.
These upgrades are focused on expanding Cardano’s decentralized and democratic governance, which is a major draw to the blockchain. Developers use Cardano because it is a decentralized blockchain, so effective governance mechanisms are essential to its success.
Cardano price predictions are swinging wildly because the hard fork requires 70% approval, which is a high bar to meet. Past updates have seen big spikes in the price of Cardano. For example, the Alonzo hard fork in 2021 led to a 130% spike in less than 1 month. With current prices up a little over 20% on the week, Cardano price predictions are betting that the token still has a lot of room to run.
Shiba Inu’s Increased Burn Rate Leads To Expectations For A Price Surge
Shiba Inu had a great start to the year. The Shiba Inu price grew 4x at the start of 2024 to a total market cap of $20 billion. However, the Shiba Inu price then fell around 50% over the rest of the year, ending at around a $10 billion market cap when the entire crypto market dropped.
That said, Shiba Inu has been leading the recovery in the memecoin space this week with a 20% rise from its lows.
A big part of this surging recovery for Shiba Inu has been the community’s new commitment to increasing the burn rate of their tokens. More than 72 million tokens have been burned this week, which is a 4,000% increase in the token’s burn rate.
The community is now in talks with Binance to arrange exciting burn events to keep the pace going in the future.
Rollblock’s GambleFi Roll-Out Might Be The Biggest Winner Of 2024
Rollblock is shaping up to be one of the top altcoins of 2024. Rollblock is a GameFi platform that aims to disrupt the $450 billion gambling industry by integrating a range of blockchain features into the traditional online casino experience.
Players from all backgrounds can enjoy the full range of modern online gambling, with everything from traditional poker and blackjack to dozens of exciting new games. Rollblock currently has more than 150 games to choose from and is in the process of creating one of the most comprehensive sports betting platforms in the world.
These games can be played with complete anonymity, as players don’t need to pass KYC checks to get started. Furthermore, the use of blockchain technology ensures that bets can’t be altered once placed, giving investors peace of mind.
While this enhances the user experience, it is Rollblock’s crypto integration features that have investors so excited about this token’s potential.
Rollblock is committed to sharing up to 30% of each week’s revenue with its players through its buyback program. The project will buy $RBLK from the open market, burning half of these tokens while using the remaining for staking rewards. These rewards offer some of the highest APYs in the market.
It is rare to get a chance to invest in a company like Rollblock on the ground floor, but investors can still get in early, with Rollblock being in the third stage of its presale. RBLK tokens are selling for just $0.0158, with experts predicting a 720% increase during the Rollblock presale, and a 100x return for 2024.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
