Ethereum (ETH) recently experienced its highest rate of inflation since its launch as users shifted to Layer 2 blockchains. Whales are now switching to deflationary tokens, such as Shiba Inu (SHIB) and Rollblock (RBLK), instead. Rollblock’s industry-leading deflationary tokenomics has it on track to be the top altcoin in 2024, with estimates of 100x growth.
Increased Use of Layer 2 Blockchains Leads to Inflation for Ethereum
Ethereum’s Dencun upgrade opened the way for Layer 2 blockchains to add to scalability and transactions. While this brought more users into the Ethereum ecosystem, it also led to more off-chain transactions. As a result, Ethereum now has an annual inflation rate of 0.37%.
Ethereum’s price has dropped 25% since the launch of the ETFs. The whales moving to deflationary tokens have piled additional pressure on the Ethereum price, with a 2% drop on a day while the rest of the market is recovering.
Shiba Inu’s Deflationary Tokenomics Stands Out Among Meme Coins
Shiba Inu’s strict deflationary tokenomics set it apart from other meme coins. Since its ICO, Shiba Inu has been on a strong deflationary path with regular burn events. The recent 3,500% increase in Shiba Inu’s burn rate has drawn crypto whales looking to escape the spike in inflation in the Ethereum token.
The Shiba Inu price is up 3% this week as whales start to move over from Ethereum. This has led to a 33% total increase on the year for the Shiba Inu price, with SHIB now trading at $0.00001356.
Rollblock Features the Industry’s Most Aggressive Deflationary Tokenomics
Whales looking for deflationary tokenomics have found an even better destination in Rollblock, a top altcoin in the GambleFi niche.
Rollblock’s deflationary tokenomics is driven by its aggressive buyback program. Rollblock uses up to 30% of the casino’s daily revenue to buy its own token back from the market. Rollblock then burns 50% of these tokens to ensure a steady rate of deflation for the token. The remaining 50% of the tokens are used as staking rewards, with some of the highest APYs in the industry.
Whales are also impressed by Rollblock’s next-generation crypto casino.
Rollblock’s casino has more than 150 of the best games in the industry on a platform with the latest in UX design. This is a notable difference from the plain and dated interfaces at traditional online casinos. Rollblock is also in the process of adding a massive sports betting platform that will offer odds on almost every event in the world.
The global gambling industry is a $450 billion market that is almost untouched by crypto innovations. Based on its revolutionary tokenomics and next-generation player experience, analysts expect Rollblock to rapidly accumulate market share this year.
Current estimates expect 100x growth for RBLK in 2024 alone. Rollblock is now in stage 5 of its presale at the low price of $0.0205. Stage five has become Rollblock’s fastest-selling round to date. As a result, tokens are expected to see several increases before the end of August.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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