This week, Ethereum’s Layer 2 ecosystem hit 12.42 million transactions in a single day. But despite this upswing, the number of active users has declined for four consecutive weeks. Is it time for Optimism, Arbitrum, and Polygon (MATIC) holders to jump ship to a new, shinier gem in the market?
Optimism (OP) Price Chart Shows Bearish Momentum
Optimism is currently trading at $1.3 after an intra-day dip of 1.94{aa99edd08dd66036bd4af6c3dbe8af9b4ab31fcc55a521c2956d094a6dcd3a48}. Over the past 30 days, Optimism holders have watched their portfolios in despair as Optimism plunged by a massive 27.63{aa99edd08dd66036bd4af6c3dbe8af9b4ab31fcc55a521c2956d094a6dcd3a48}.
Since Optimism’s moving averages are flashing strong sell signals, breaching the $1.206 support would trigger a massive profit-taking sentiment, driving Optimism’s price further down.
Arbitrum (ARB) Succumbs to the Bears
Arbitrum might be in the Top 50 cryptos, but Arbitrum’s recent performance has been anything but promising. Arbitrum has already lost 22.9{aa99edd08dd66036bd4af6c3dbe8af9b4ab31fcc55a521c2956d094a6dcd3a48} of its value in the past 30 days, bringing the current trading price down to $0.566.
Despite Arbitrum’s price being up by 9{aa99edd08dd66036bd4af6c3dbe8af9b4ab31fcc55a521c2956d094a6dcd3a48} over the past week, it is still trading below its 50-day and 200-day SMA. If Arbitrum falls below the crucial support at $0.5392, profit-taking could drive the price down to $0.1578 in the upcoming weeks.
Polygon (MATIC) Flashes Bearish Signals Despite Price Recovery
Even with Polygon’s market cap and 24-hour trading volume flashing green, analysts are warning about a massive bear run. Polygon is currently trading at $0.4175 after an intra-month plunge of 21.69{aa99edd08dd66036bd4af6c3dbe8af9b4ab31fcc55a521c2956d094a6dcd3a48}.
Although Polygon’s RSI is neutral, Polygon is still trading below its 50-day and 200-day SMA. If Polygon’s price falls below the support at $0.4253, a bear run would become inevitable.
Rollblock (RBLK) Sees Astronomical Rise in Demand in Presale Stage 5
Optimism, Arbitrum, and Polygon have already maxed out, but new presale offers like Rollblock still have the potential for 100-1000x gains. If demand skyrockets as expected, Rollblock is set to become a market leader in the $450 billion-a-year global gambling industry.
Rollblock is tapping into the outdated online casino industry by introducing the latest blockchain technology. Apart from encrypting transactions on the Ethereum blockchain, Rollblock is taking crypto gambling one step further with its native $RBLK token. All in-game payouts are made using RBLK, and traders can also stake the token to earn a passive income. With Rollblock’s ingenious revenue-share model, RBLK holders are entitled to staking rewards with a whopping 30{aa99edd08dd66036bd4af6c3dbe8af9b4ab31fcc55a521c2956d094a6dcd3a48} yield every week.
Speaking of RBLK’s utility, the token has a hard cap of 1 billion on supply. This means that as supply runs out, Rollblock’s price is expected to follow a strictly deflationary trend, giving investors the highest ROIs in the market.
In addition, signing up at Rollblock’s casino is a breeze. New traders can connect their crypto wallet, deposit with any of the 20+ compatible cryptos, and start playing 150+ casino games without any additional KYC checks. To make things even better, Rollblock is offering a massive 100{aa99edd08dd66036bd4af6c3dbe8af9b4ab31fcc55a521c2956d094a6dcd3a48} bonus on every new deposit, giving new players an extra boost to kick off their gambling journey.
For now, Rollblock is in stage 5 of its presale and is selling at just $0.0205. As Rollblock’s GambleFi narrative gains more traction, analysts project a huge 100x surge by the end of presale stages.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://rollblockpresale.io/
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