This Growing Bull Market Is Dragging Even the Most Obscure Tokens Into the Green

JasmyCoin (JASMY) and Lido (LDO) are enjoying strong rebounds powered by massive crypto inflows. Gamblefi's top altcoin, Rollblock (RBLK), is also seeing fresh inflows

This sustained bull market is dragging even the most obscure tokens into the green. Among them, JasmyCoin (JASMY) and Lido (LDO) are enjoying strong rebounds powered by massive crypto inflows. Gamblefi’s top altcoin, Rollblock (RBLK), is also seeing fresh inflows, promising 100x or more before 2024.

The Internet of Things Gets a Second Wing With Crypto Mining

Over the last few years, JasmyCoin’s Internet of Things (IoT) business model has failed to gather much interest.

In 2021, IoT and JasmyCoin were all the rage, but the hype around JasmyCoin has waned due to concerns over use cases and monetization. However, the possibility of using devices to mine crypto and monetize both JasmyCoin and the IoT has sparked some renewed interest in JasmyCoin.

The JasmyCoin price is up 5% today, following the general market rally. If IoT can be monetized, we could see JasmyCoin’s price heading back toward $1 or higher, but more concrete information will need to emerge first.

DeFi Growth May Lead to a Tepid Lido Rally

The lack of interest in complex DeFi functionality has also dragged down Lido’s staking infrastructure. However, there is a steadily growing market for DeFi as users become more accustomed to the technology, and the financial flexibility that Lido provides is likely to be one of the biggest draws for new users. This could drive up Lido’s price in Q3.

Having said that, the Lido price is being dragged along by the larger market for a 4% increase so far today. Throughout its history, the Lido price has never experienced explosive growth, so any rally from DeFi growth is likely to be tepid, causing many investors to choose other altcoins over Lido.

Rollblock’s GambleFi Focus Sets It on a Course for Top 50 Tokens

Among the top altcoins, Rollblock is quickly gaining recognition for its focus on the hottest sector in crypto – GambleFi.

Unlike DeFi or IoT, GambleFi has virtually unlimited growth potential and zero issues with monetization. The $500 billion global gambling industry remains largely untouched by the vast possibilities of blockchain technology, presenting a new frontier for astronomical growth.

Already, Rollblock is a top crypto casino, hosting thousands of players and offering over 150 of the best games on the market. In addition, Rollblock is integrating a world-class sports betting platform that will offer odds on every major event around the globe.

Through crypto innovations, Rollblock is able to offer players fast, seamless and anonymous access to online gambling, a stark contrast to the high fees and red tape of traditional casinos.

Furthermore, Rollblock’s casino takes a crypto approach to player growth and community engagement. With regular events and a vibrant social media ecosystem, players feel like they are in a real Vegas casino, surrounded by the fun and excitement of like-minded people.

Both players and investors are excited about the potential of RBLK itself. The token is powered by daily buybacks that use up to 30% of the casino’s own revenue. These buybacks are either used as staking rewards, offering 30% APYs, or burned to increase the price of RBLK.

According to analysts, this formula for explosive growth will take RBLK’s current stage five price of $0.021 to $1 or more before the end of 2024.

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