Ethereum’s (ETH) rapid rebound back above $4,000 has dominated headlines this week. However, many investors have overlooked that this is also bullish news for Oracle protocol Chainlink (LINK) and ERC20 token Rollblock (RBLK). Rollblock stands to benefit the most as the Ethereum ecosystem’s expansion drives users to this top altcoin’s crypto presale a few weeks before its tokens go live with estimates for over 100x growth.
Ethereum Rebounds Above $4,000 on Internal Scaling Solutions
The Ethereum price action has been largely underwhelming in 2024. Especially when compared to other major Layer 1s, such as Cardano and Solana. Throughout the year, Ethereum round-tripped its gains from $2,000 to $4,000 in a shocking reversal, however, it has finally bounced back above $4,000 in a little over one month in one of 2024’s biggest bull runs.
The initial drop in the Ethereum price was due to external Layer 2 blockchain scaling solutions taking an increasing share of the ecosystem’s revenue. Ethereum’s recent efforts to develop internal scaling solutions promise to address this issue with Layer 2 blockchains.
Chainlink Price Rallies Hard on Rapid DeFi Expansion
Chainlink’s Oracle protocol stands to be one of the biggest beneficiaries of a rapidly expanding Ethereum ecosystem. Many leading DeFi applications operate on the Ethereum blockchain which translates to higher demand for Chainlink’s essential Oracle protocol.
Chainlink’s framework allows users to incorporate external data feeds into Smart Contracts. This makes Chainlink essential to the expansion of the DeFi sector, which relies heavily on Smart Contracts covering high volumes of transactions.
The blistering 40% rally in the Chainlink price this week brings its total monthly gain to over 100%.
ERC20 Ecosystem Users Flock to Crypto IGaming Superstar Rollblock
A growing Ethereum ecosystem is even better news for Rollblock than Chainlink as this ERC20 token rolls out the final touches to its ambitious crypto-gaming project.
Rollblock already boasted tens of thousands of users on its original gaming platform. This platform features more than 7,000 of the industry’s best games accessible through the speed and convenience that only blockchain technology can provide.
Rollblock recently expanded on this foundation with a blockchain sports platform that offers an unparalleled experience. Sports fans now enjoy a depth and breadth of odds on events that were impossible before Rollblock’s use of blockchain technology.
Rollblock is now prepared to blaze through the final three stages in its viral crypto presale and launch its signature gaming tokens.
These tokens will be used to share in the profits through a system of weekly buybacks. Some of the tokens bought back from the market will be used to support staking on the platform, while the remainder will be burned to pressure upward momentum on the market price of RBLK.
Rollblock’s approach to crypto gaming is unequaled in the $500 billion industry, which is why experts are predicting a staggering 100x or higher run for RBLK above its current price of $0.041 once its tokens hit the market.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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