Decentraland And Gala Take DeFi Gaming By Storm As Rollblock Innovates The GambleFi Industry
After two years of stagnation, Decentraland has seen significant capital inflows. Although Gala was in an uptrend last week, it is currently facing a minor short-term pullback before continuing its bullish momentum. Meanwhile, Rollblock is revolutionizing the GambleFi market with its new crypto-native project, which is on track to achieve an 880% gain before the viral presale ends.
Decentraland (MANA) records massive capital inflows during whale accumulation period
Decentraland’s price has been trading sideways since its peak in 2021 due to low investor interest in the GameFi space. Despite losing investors over the past three years, Decentraland recorded an impressive 188.09% surge in the post-election rally. Even as the broader cryptocurrency market faces a correction, Decentraland has shown resilience and maintained its upward trend.
Decentraland is currently trading at $0.6774 after falling around 8% intraday. Decentraland’s trading volume also fell by 1.19% during the same period, which may be due to a slight pullback after last week’s rise. With Decentraland’s technical indicators still showing bullish momentum, analysts believe that Decentraland may attract more investors before the alt season ends in Q4. If these bullish predictions come true, Decentraland’s price could reach $1.08 and $1.61 levels soon.
GALA (GALA) experiences short-term correction after surge
Gala’s price has increased by 221.69% in the past 30 days as traders take renewed interest in the Web3 gaming space. With Gala recently breaking out of a falling wedge pattern on the weekly chart, analysts believe Gala is on track to hit a new all-time high before the end of the fourth quarter. Gala also retested the upper trendline, which typically indicates strong bullish momentum.
Gala fell 1.68% intraday and is currently trading at $0.06149. Gala’s trading volume increased by 11.53% during the same period, indicating some selling activity from short holders. Since Gala’s RSI has recovered and the MACD indicator is pointing to another uptrend, analysts believe that Gala’s price will soon target the $0.06565 and $0.09536 levels.
Rollblock (RBLK) brings whales back into the DeFi game with Web3 GambleFi project
Rollblock has brought huge investment into the DeFi gaming space with the launch of the new GambleFi project. It combines the features of decentralized and centralized gaming, providing a fully encrypted native iGambling platform with Ethereum-powered security protocols. By restoring investor confidence and trust in the iGambling space, Rollblock is revolutionizing the entire global gambling industry, which is worth over $500 billion annually.
Rollblock’s vast game library already includes more than 7,000 AI games regulated by top game providers such as SolidProof and Gaming Curacao. Because Rollblock is committed to providing top-notch security to players, the platform integrates Ethereum’s immutable blockchain to record all financial and betting information. Once you place a bet on Rollblock, it is completely immune to third-party manipulation such as hacking and phishing.
To make things even better, Rollblock also provides long-term utility to token holders through a clever revenue sharing mechanism. Every weekend, Rollblock reinvests 30% of its gaming revenue into open market buybacks of the native RBLK token. While 40% of the RBLK tokens are distributed to long-term liquidity providers as staking rewards, the remaining 60% are burned to maintain the deflationary trend of RBLK prices.
Rollblock is also offering a huge 20% deposit bonus to all new users for a limited time. Since Phase 8 of Rollblock’s pre-sale is already sold out, now is the perfect time to purchase RBLK tokens at the low price of $0.041 each.
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