Blockasset (BLOCK) Price Prediction

Deep Dive

1. Buyback Program Execution (Mixed Impact)

Overview:
Blockasset’s revenue-funded buybacks have removed 6.9M BLOCK (2.2% supply) via burns and locked 12.2M in liquidity. However, recent transactions (July 31) averaged ~$12–$15 per buyback, suggesting limited scale. The program’s impact hinges on BlockBet’s revenue growth – currently at 86k users, up 1.2k weekly.

What this means:
Small buybacks provide minor deflationary pressure but lack material supply reduction. Sustained platform growth is needed to amplify this mechanism. Failure to scale revenue could render buybacks symbolic rather than price-supportive.

2. Staking Model Overhaul (Bearish Short-Term)

Overview:
V1 staking (12–24% APR) closes to new entrants on July 31, with V2 introducing variable yields. Over 13.5% of supply ($2.77M value) is staked, creating unlock risks during migration.

What this means:
Near-term sell pressure may emerge if stakers exit before the deadline. V2’s success depends on yield competitiveness – subpar rates could trigger further exits, while attractive returns might stabilize liquidity.

3. DeFi Liquidity Experiment (Bullish Catalyst)

Overview:
The July 28 Save Finance integration enables a BLOCK/USDC pool offering 28% APY for lenders. This aims to deepen on-chain utility without diluting holders.

What this means:
Successful adoption could absorb selling pressure by incentivizing BLOCK borrowing for trading/LP activities. However, low utilization (current APY below max 37%) suggests muted initial demand – a key metric to watch.

Conclusion

BLOCK’s price hinges on BlockBet’s revenue scaling buybacks and DeFi pool traction offsetting staking migration risks. The token remains highly speculative, with ecosystem execution critical to reversing its 69% monthly drop. Can July’s 86k BlockBet users grow sufficiently to fund meaningful buybacks by Q4?