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Toncoin’s price drops 30% amid CEO’s arrest, and its new Layer-2 system may be too late as investors turn to Rollblock.
The Toncoin price has come in for a lot of flak since Telegram’s CEO Pavel Durov was arrested last year in Paris. But Toncoin has not been passive. They are now introducing a Layer-2 payment system to scale the Toncoin network to work better with Bitcoin and other currencies. However, this Layer-2 solution may be too late as the Toncoin price is down 30% in YTD figures.
Investors are instead flocking to Rollblock, a new online gambling platform ready to rock the world.
Rollblock: A certain reward in uncertain times
With the markets being volatile and returning much more red days than green days, investors are divesting from bad performers and flocking to tokens that have guaranteed results. Not many of them are around, but Rollblock is raising its hand as a sure thing in bear market conditions.
This is a bold statement from Rollblock, but that’s because Rollblock is not a random crypto influenced by market conditions. Instead, Rollblock is the utility token behind the world’s first play-to-earn Ethereum-based crypto casino. The online gaming industry is worth $450 billion annually, and this is the arena in which Rollblock is now a major player.
Online casinos have been around since before cryptocurrencies. Rollblock is now making the most of the cutting-edge crypto tech and combining it with the lucrative online gaming industry, ensuring that Rollblock is always relevant and one step ahead of the competition.
And now, Rollblock is offering tokens in a presale to raise liquidity for its online casino. As a reward, it offers all token holders a weekly dividend from the income generated on the casino, which makes Rollblock a great token to hold in a downturn market and a token that generates a weekly passive income. This is a great reason to divest from underperforming tokens like Toncoin and get behind the juggernaut that is Rollblock.
Toncoin price falters despite Layer-2 announcement
Layer-2 solutions are built on top of existing blockchains (like Ethereum or Bitcoin) to improve scalability and speed and reduce transaction costs. And now, Toncoin has introduced its own Layer-2 solution for instant money transfers between nodes.
The Toncoin price needs all the help it can get. Down 30% in YTD figures, 2024’s darling has been struggling since Durov’s arrest. While the technical veracity and utility of Toncoin are not in dispute, the uncertainty regarding Durov’s future directly threatens Toncoin itself, which explains the low Toncoin price.
This Layer-2 is not reactionary, though, and an L2 payment gateway has been in the Toncoin whitepaper from the start. But even this improvement on the Toncoin network will not mean a thing unless there’s legal clarity around Durov. The good news is that the Toncoin price can explode, and the Layer-2 solution should make a smooth ride for the Toncoin price should Durov walk away free.
Conclusion
By introducing a Layer-2 payment gateway, Toncoin is hedging its bets. It can pay off nicely for the Toncoin price, but it could also be an investment wasted should things go awry for Durov. Market uncertainty is never good, which is why Rollblock is seeing the investor influx Toncoin was hoping for.
Rollblock is now available at $0.055 directly from their website.
To learn more about Rollblock, visit the website and socials.
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