Solana’s impressive rally from last weekend turns into a strong bearish sentiment while Avalanche continues its pullback after Trump’s inauguration as the US President. Meanwhile, Rollblock is taking centre stage as the token prepares for a massive demand-induced rally before entering the next presale stage.
Rollblock is a new entrant in the DeFi market, targeting the iGaming industry with its Web3-powered ecosystem. By leveraging Ethereum’s robust infrastructure, Rollblock has created a decentralised gaming platform that features over 7,000 games. From live tables to sports betting options, Rollblock is rapidly establishing its dominance in the viral GambleFi space.
Rollblock’s popularity is evident in the platform’s high adoption rate. In December alone, a whopping $1.75 million worth of bets were wagered on Rollblock’s GambleFi ecosystem. Recent reports reveal a massive 600% spike in new registrations on Rollblock, hinting at increased investor interest in the viral platform.
Rollblock’s recent listing on CoinMarketCap has also increased the project’s appeal, with analysts predicting a massive 100x post-launch rally for the native RBLK token. RBLK powers Rollblock’s GambleFi ecosystem, and players can accumulate more tokens by winning bets. Investors can also lock up their RBLK for a predefined time and secure staking rewards with up to 30% APYs.
Long-term holders can also benefit from Rollblock’s ingenious revenue-sharing model which uses up to 30% of the casino’s weekly revenue to repurchase RBLK on the open market and distributes 40% of these as rewards. The remaining 60% are removed from supply to put deflationary pressure on RBLK’s price.
RBLK tokens are currently available for only $0.047 each, with nearly 90% of the stage 9 supply already sold out. Analysts are predicting a massive price jump during the 10th presale stage which makes now the ideal time to invest in Rollblock before the upcoming price jump.
Solana’s price has faced several fluctuations during the previous week. Despite hitting a new all-time high price level at $295 on January 19, Solana has retraced to the $250 level again. The price crash could be because of decreased Solana trading volumes on major DEXs including Raydium and Orca. Solana’s daily active addresses also decreased by 3.5 million between January 20 and January 22.
Solana currently trades for $252.47 after an intraday decrease of 2.97%. Solana’s volume has increased by 13.97% in the same period, reflecting a high market participation rate. Solana’s technical indicators are still painting a bullish picture as the token is trading above its Exponential Moving Averages on the SOL/USDT daily chart. However, Solana’s RSI is quickly approaching the overbought zone which could lead to a potential price crash towards the $203 pivot.
Avalanche’s price rejected the weekly resistance level at $41.15 on January 18 which is typically a sign of weakness. Avalanche’s downward trend continued after Trump’s inauguration speech, especially since Trump failed to mention any cryptocurrencies. At press time, Avalanche was trading for $35.91 after another intraday decrease of 4.07%.
Avalanche’s trading volume has increased by 21.16% over the last 24 hours which suggests high market participation. However, Avalanche is still trading below its critical 50-EMA and 100-EMA trend lines. Since Avalanche’s RSI has already fallen below the neutral level, analysts expect Avalanche to continue the pullback towards the 61.8% Fib level at $32. Avalanche’s MACD has shown a bearish crossover since Monday, confirming the bearish hypothesis.
Solana and Avalanche might be popular mega-cap tokens, but they have faced strong bearish momentum since the beginning of January. Meanwhile, Rollblock’s massive adoption rate has proven the platform’s potential for growth, making RBLK a more profitable investment opportunity than SOL and AVAX.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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