Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
As XRP, Solana, and Cardano struggle to recover, Rollblock surges ahead, capturing investor interest with its unique proposition.
The crypto market has been struggling to regain upward momentum after its recent crash, with XRP, Solana (SOL), and Cardano (ADA) among altcoins failing to show signs of a reversal. However, Rollblock (RBLK) is bucking the trend, surging to new highs on the back of its presale launch. With its transformative Web3 gaming platform and a deflationary revenue-sharing model, Rollblock could be set for a 50x gain.
Rollblock: The Web3 gaming sensation leading the market
Rollblock is set to transform the online gaming industry, which is currently valued at more than $500 billion, through its blockchain-powered casino and sports betting platform. Month after month, Rollblock has seen growth in new signups, deposits, and wagered bids, proving its rising dominance within the Web3 gaming space. Its presale has already attracted over $10.7 million in inflows, highlighting massive investor interest.
Boasting an extensive catalog of 7,000 classic casino games, including poker, blackjack, and scores of slot machines, Rollblock is setting a new standard for transparency and security for this much-maligned industry. All bids and payouts are secured anonymously on the Ethereum blockchain, providing a high level of transparency in an industry crying out for change.
Each week, 30% of Rollblock’s revenue is reinvested into buying back RBLK tokens, with 60% of these buybacks being burned to reduce the supply. The remaining 40% funds staking rewards, offering up to 30% APY for committed holders.
With stage 10 tokens selling fast at the discounted price of $0.06, investors are capitalizing on the 50% limited-time bonus on all RBLK purchases this week.
XRP: Struggling below $2.50
XRP has remained under pressure following the latest market downturn, with Ripple investors still cautious about stepping in amid lingering regulatory uncertainty. The price of XRP has dropped by 17.20% in the last seven days to reach $2.21. Ripple has also fallen to 4th place in the crypto top 10 as its market cap was recently overtaken by Tether.
Recently, the SEC has been stepping away from its various crypto court cases, meaning that an end could be in sight for its long-running courtroom battle with Ripple Labs. The approval of a XRP spot ETF fund on the Brazilian stock exchange also makes Ripple much more attractive to institutional investors and could send XRP’s price north of $3 once it finds support.
Solana: Heavy selling suppresses prices
Solana continues to struggle after tumbling below support to hit $134.95, having fallen by 19.71% in the last week. Solana has been subject to weeks of heavy selling pressure following controversy around various failed meme coin launches on its chain.
At the time of writing, Solana is down more than 50% from its recent high of $294. The looming FTX token unlock and major sell-offs from market makers, including Wintermute, have left investors rightfully nervous about further declines.
Cardano: No signs of recovery despite ETF hopes
Cardano has not escaped from the recent market bloodbath, with the price of ADA falling by 14.15% in the past seven days to reach $0.65. In the past 30 days, Cardano has lost 29.94% as its price fell sharply from the $1 level.
Despite this, the SEC officially acknowledged Grayscale’s recent filing for a spot Cardano ETF fund. This is the first step toward eventual approval and could see Cardano follow in Bitcoin and Ethereum’s footsteps to launch a fund on Wall Street this year. If successful, Cardano could easily rally back past $1 and could reclaim $3 given enough buying pressure from institutional investors.
Conclusion
While XRP, Solana, and Cardano have been in freefall lately, Rollblock has been growing steadily. As stage 10 tokens sell out, investors are acting before prices rise further in the coming weeks.
For more information on Rollblock, visit the website or socials.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
