With the market feeling bearish, it's not easy to find the best performing cryptos. Legacy cryptos Monero (XMR) and Uniswap (UNI) are bucking the trend, however, with Monero up 14% on the month and the Uniswap price fairing even better, up 16% on the month.
If you look into the newer cryptos, you'll see that the presale token Rollblock (RBLK) is up 150% since its presale started just over a couple of months ago. And with analyst predictions of over 800% during the presale, RBLK is up there with the best performing cryptos.
Monero has long been valued for its focus on secure, anonymous transactions, and never more so than now. While the rest of the crypto market has declined in value, XMR is up 15%, which coincides with the recent arrest of Telegram CEO Pavel Durov in Paris.
As privacy concerns rise, Monero's appeal has clearly strengthened, as Durov's arrest may have heightened interest in privacy cryptos such as Monero. While it's too early to tell whether XMR will continue without the backing of the market, it's certainly been one of the best performing cryptos of late.
Uniswap is another of the best performing cryptos this last month, with the UNI price up 16% during the month and an impressive 45% YTD. Despite this recent upward momentum, however, the Uniswap price is worryingly down over 85% from its ATH back in May 2021.
As one of the leading decentralized exchanges on Ethereum, Uniswap is no doubt a key player, but there's a clear need of new development targets for the Uniswap price to bounce back. Investors are divided on UNI's future, but it should do well once Alt Season is confirmed.
It's not just legacy tokens where the gains are being made. In fact, Rollblock is arguably at the top of the best performing cryptos with gains of 150%, and we're only in stage 6 of the presale. This incredible growth is drawing significant attention from crypto investors as the token edges closer to its mainnet launch.
Rollblock's rapid rise is fueled by its innovative approach to online gambling. By utilizing the best of centralized and decentralized technology, it is the first gambling platform to offer gaming to its users with total transparency. And best of all, there's no need for Big Brother-style KYC. That's right, just sign up with an email and start spending your tokens.
The token can be used for all transactions along with 20 other top cryptos, but its killer feature is the revenue share model that allows users to earn while they sleep. Rollblock has an automated system set up to reward token holders with a share of the revenue. That's not all for those looking for a passive income because Rollblock offers a mouthwatering 30% APY for anyone willing to stake their tokens to help create liquidity.
The Rollblock presale has attracted plenty of attention even from its inception. Analysts have predicted gains of up to 880% during the presale, and others expect a 100X return once it launches. With gains of 150% already, we're well on the way, but the best thing is the presale still has a long way to go.