Chainlink (LINK) Struggles to Overcome the $20 Resistance Level

The days of legacy ERC-20 tokens generating 10x to 100x gains are long behind us, and capital is shifting to new Ethereum tokens with much higher potential.

The days of legacy ERC-20 tokens generating 10x to 100x gains are long behind us. As capital shifts to new Ethereum tokens with much higher potential, let’s take a look at how Chainlink, Polygon, and Rollblock are faring in the present market.

Chainlink (LINK) struggles to break past the $20 resistance level

It’s been three years since Chainlink’s all-time high of over $50 per LINK, but the decentralized oracle still struggles to recover from its 80% drop with hopes of an incoming bull run. Chainlink’s ecosystem has seen several bullish developments, including a recent partnership with Fidelity International in a move to expand LINK’s utility in traditional finance.

While some of these developments have boosted LINK by a paltry 72% in a year, the last 30 days have seen LINK shed 25.7% of its previous gains. At the moment, LINK holders are growing concerned about a prolonged bearish cycle if Chainlink fails to breach the $20 resistance level.

Chainlink’s price has dropped by 60% since its all-time high and is currently trading at $19.92.

Polygon (MATIC) registers an uptick, but holders still jump ship

Another legacy ERC-20 token struggling to maintain investor interest is MATIC. After an uptick in March that saw Polygon breach the $1 resistance line all the way to a price of $1.27, MATIC’s price plummeted to lows of $0.35 amid a market-wide sell-off.

At its current price, Polygon is expected to reach a price above $4 by 2025 if Polygon continues to dominate the Ethereum scaling niche. However, Ethereum’s shifting to a scalable proof-of-stake network, not to mention the emergence of Ethereum competitors such as Solana and Polygon (MATIC), could continue its bearish decline in the short term.

After a brief rally in March, MATIC’s price has dropped once again by over 73% from its all-time high and is currently trading at $0.96.

Rollblock’s RBLK presale raises over $2.3 million in weeks

On the other hand, Rollblock’s presale has seen investors rush to support its new Ethereum token, which has raised over $2.3 million in a brief spell amid a market-wide sell-off that has brought double-digit losses to most ERC-20 tokens. Rollblock’s RBLK is gaining traction thanks to Rollblock’s GambleFi protocol and is set to establish the world’s first community-backed crypto casino with a generous revenue share model.

Rollblock takes a stake of its daily profits and distributes them among RBLK holders and players through rewards and bonuses. This alone makes Rollblock stand out among crypto casinos that only offer entertainment.

Above its offer for income generation, Rollblock also comes with provably fair games designed to establish trust and accountability. Players get peace of mind knowing that every transaction is backed up on Ethereum’s blockchain network. What’s more, Rollblock’s crypto casino comes with zero KYC requirements, making it easy for anyone looking to remain anonymous to access.

With only 60% of RBLK tokens up for grabs during this presale in its 5th stage at just $0.021, analysts forecast a 100x rally for RBLK at launch.

Discover the exciting opportunities for the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino