Litecoin Round-Trips 2024 Gains as Crypto Rally Deflates

Many analysts were surprised when Litecoin's price got swept up in the 2024 bull cycle. Litecoin has been falling further behind in technology for years

Litecoin (LTC) and Ethereum (ETH) have both experienced a downturn in price after a brief rally earlier in 2024. Litecoin's price surged initially but then quickly reversed, ending the year back where it started. Ethereum's price also rose but then fell sharply as ETFs flopped and Layer 2 blockchains drained revenue.

In contrast, GambleFi's top altcoin, Rollblock (RBLK), is experiencing massive adoption, with 15,000 users registering for its presale. Analysts now expect this crypto casino token to rise at least 100x in 2024 alone.

Litecoin's price soared and then crashed back down to where it started 2024. Many analysts were surprised when the Litecoin price started surging in 2024. Litecoin's technology has been falling further behind for years, and many analysts had written the token off completely.

However, the surprising rally in the Litecoin price started to reverse as the crypto bull cycle ended. With inflows turning into outflows, Litecoin eventually round-tripped right back down to where it started the year.

Litecoin has since been trading within a tight range of around $65 with little expectation for another rally. Litecoin is currently ranked 14th by market cap.

ETFs Flopped and Layer 2 Blockchains Drained Revenue as ETH Price Halved

Many investors expected the Ethereum price to explode even higher after doubling from $2,000 to $4,000 in the 2024 bull cycle. However, the Ethereum price then almost halved back toward $2,000 as the excitement over ETFs turned into a flop.

ETFs were expected to bring huge inflows into the crypto market, but that never materialized. Meanwhile, Layer 2 blockchains are generating massive revenue.

However, the vast majority of that revenue is being drained away from the Ethereum blockchain. Developers are now scrambling to retool this relationship back in Ethereum's favor.

Rollblock's Viral Social Media Ecosystem Drives Massive Adoption Rates

Players and investors alike are piling into Rollblock’s social media ecosystem as its game-changing approach to community management has led to multiple viral moments.

Rollblock has racked up 15,000 investors for its record-breaking presale so far. Rollblock's social media ecosystem demonstrates first hand why it is GambleFi’s top altcoin and light years ahead of any of the competition in the $500 billion global gambling industry.

Rollblock has also registered a staggering 15,000 players so far for its next-generation crypto casino. Players drawn in by viral social media posts get to experience seamless and anonymous access to more than 7,000 different casino games for themselves.

Rollblock regularly hosts exciting events and giveaways on its ecosystem for players and investors alike. The recent Paris Olympics event was such a viral success that Rollblock is following it up with thousands of dollars in prizes for sports predictions starting October 1st.

Moreover, Rollblock's biggest driver of viral awareness is its revolutionary revenue-sharing. Each day, 30% of the casino's revenue is used to buy back RBLK tokens from the market.

Half of the tokens are given out as staking rewards with competitive APYs, while the other half is burned to drive up the value of RBLK for all holders.

Currently in stage six of its presale, Rollblock's tokens are priced at $0.027. This is set to increase to $0.03 as it transitions to stage seven in the next few days. This represents a 200% return for Rollblock's earliest investors.

Analysts now expect this rate of return to skyrocket higher once RBLK hits the exchanges, with 100x growth in 2024 alone.

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