Polygon has been one of the worst-performing cryptocurrencies over the last year. Its value has plummeted by 20%, and Polygon’s (MATIC) trading volume has crashed as investors lose confidence. With a potential bull run incoming, investors are asking if Polygon will recover or if Dogecoin (DOGE) and Rollblock (RBLK) could be stronger investments. At first glance, Dogecoin and Rollblock appear to be better options, having both seen strong returns over the past month.
Polygon Continues To Crash Despite Trading Volume Increases
Polygon’s trading activity increased dramatically during the first two weeks of May. Whale transactions were up by 2% and Polygon’s daily trading volume was also rising. However, following a fortnight of disappointing returns, investors are losing confidence in Polygon.
Over the last month, Polygon’s price has decreased by 3.07%. This decrease has worsened over the past week, with an additional 1.91% decline while other altcoins have started to rally. With Polygon now trading at $0.6692, experts fear additional decreases could take MATIC as low as $0.60.
Dogecoin Breaks Key Resistance
Cryptocurrency analyst Kevin recently predicted that Dogecoin needs to break above its $0.153 resistance level to gain any additional momentum. Following a 2.12% increase over the last 24 hours, Dogecoin has broken this level and is now trading at $0.159. This could trigger an additional rally over the next week, pushing Dogecoin up an additional 10%.
Over the past 24 hours, Dogecoin’s daily trading volume is up by 10.07%, suggesting that a bullish sentiment could be building around the meme coin. With this in mind, many investors are buying Dogecoin (DOGE) to capitalize on a potential upcoming rally.
Rollblock Looks To Innovate The Gambling Industry
Rollblock is an exciting new DeFi project. Designed for the gambling industry, experts believe it could have a revolutionary impact on the market, and as a result, many have already invested. This caused stage one of the Rollblock presale to sell out in less than a week.
As a pioneering GambleFi protocol, Rollblock looks to solve issues with security and transparency within the gambling industry. To do this, Rollblock offers a casino that utilizes blockchain technology.
The Rollblock casino is already live and fully licensed. Users can enjoy over 150 different games, including poker, slots, and digital games. Additionally, Rollblock also plans to offer sports betting to appeal to an even broader audience.
In addition to solving major issues in the casino market, Rollblock offers a new passive income opportunity. Rollblock will share up to 30% of its daily revenue with $RBLK token holders. To give back, Rollblock will use its daily revenue to buy $RBLK tokens from the open market. It will then burn half of the purchased tokens to create scarcity and use the remaining half for weekly rewards. Analysts are predicting this could amount to millions of dollars of buy pressure each month, meaning RBLK will be one of the most deflationary assets in the space and offer some of the best passive income opportunities.
Token holders will also be granted VIP rewards on the Rollblock casino. Investors can currently buy Rollblock (RBLK) tokens for just $0.012 during the second stage of the Rollblock presale. However, with tokens selling out fast, $RBLK could see another price increase by the end of May.
Could Rollblock Hit $1?
As an industry pioneer, experts have made bullish predictions regarding Rollblock’s price. Experts believe that $RBLK could soar by over 100x over the next year, during which it could hit $1. This would position $RBLK over Dogecoin and Polygon for gains with still a lot of room to grow to catch the crypto heavyweights, and therefore, many investors are diversifying to optimize their future portfolios.
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