Solana Holds Firm Amid ETH Decline; Rollblock Gains Momentum as Online Casino Token

November 04, 2024

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The news of Canary Capital filing for the first US SOL ETF has sent a seismic shift to the Solana ecosystem as its price closes the gap on BNB. But that contrasts the bleak fate ETH price has been facing for months. However, its innovative progeny, Rollblock, is holding the line with its GambleFi ingenuity and revenue-sharing model. While the ETH price wanes, this online casino token has been capitalizing on the growing demand for efficient and decentralized iGaming solutions. Presale has accrued a $5M raise, growth has reached a 250% ATH, and analysts think that’s still the tip!

Rollblock: The online casino token set for moonshot

Rollblock and its inclusive GambleFi platform have proven to be the standout asset to pour money into. This cutting-edge crypto casino has brought on a new age of iGaming by doing what no one else has done – handing the iGaming reins to punters by leveraging Ethereum‘s smart contract.

However, Rollblock’s massive potential lies in its community-driven passive income allure and brilliant tokenomics, which reward user participation with 30% of weekly revenue generated.

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What’s more interesting is its unparalleled AI-backed iGaming tech, which promises to disrupt the $500B iGaming market—a treasure chest that makes this casino token the new goldmine opportunity. Analysts believe Rollblock could capture a fraction of this market and blow a colossal 100x post-launch.

SOL ETF incoming? Solana price holds steady above key support

The crypto market nearly lost its footing. However, Solana has held its ground above key support, thanks in part to the growing anticipation around the prospect of a spot SOL ETF. Canary Capital’s recent Solana ETF filing has turned the lights green for a while, signaling the potential for a seismic shift in crypto accessibility.

Price momentum is strong. A recent surge above $180 closed the gap between SOL and the top three giants, including BNB and ETH. In fact, growing on-chain metrics—boasting $6.5B in TVL and an impressive $51B DEX volume—have outpaced Ethereum‘s. If approved, Solana could reach $346 by 2025 if market conditions stay bullish.

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ETH price slipped below $2,500 again. Why is Ethereum down?

Solana‘s audacious ascent on the price chart starkly contrasts with the ETH price’s bleak outlook in the past month. Since clinching a yearly high of $4,000, ETH price has endured a 37% drop – 9% in the past three days – to below $2,500. The primary driver of the ETH price‘s near-term drop is the massive wave of liquidations that swept out $24M worth of ETH longs.

Ethereum‘s underperformance has also tied investors’ hands, especially since wobbling in a consolidation after the dovish Federal Reserve rate cut that bolstered BTC’s price by 11%. Adding to the challenge, technical analysis indicates rising leverage and increased short positions on ETH, which signals more downside risk.

Conclusion

In a market fraught with volatility, the Rollblock casino token and Solana‘s resilience prove that opportunities abound for savvy investors. ETH price faltering couldn’t stop SOL from staying above the sea of reds and Rollblock’s redefining approach to iGaming positions it as the next DeFi star. That’s why its presale has been breaking new highs, surging over 250%, nudging a $5M valuation. Its low-price presale entry still stands at $0.033 in stage 7.

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

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

Socials: https://linktr.ee/rollblockcasino