Experts say Sui is not a threat to Solana, but this new altcoin could be

Sui is gaining traction as a Layer 1 contender, but Rollblock’s DeFi and crypto gambling focus may outperform Solana.

Sui (SUI) has been gaining significant traction over 2024, and it could become one of the hottest Layer 1 blockchains during this cycle. However, it’s going to take a lot more to dethrone Solana (SOL).

There is another project that has a greater chance of outperforming Solana in terms of gains. Rollblock offers a unique blend of DeFi and crypto gambling and its viral presale has captured the attention of investors. Let’s dive deeper.

Sui is cooling off

Over the last week, Sui surged to a new all-time high of $2.36, demonstrating notable strength in a time when indecisiveness dominated the market. As long-term investors began taking profit, Sui retraced and is currently consolidating around the $1.92 mark with a 6.3% weekly decrease. Volume has also taken a notable 30% hit with about $500 million worth of SUI traded in the last 24 hours. 

On the technical front, Sui continues to make strides as it recently upgraded its consensus mechanism to Misty Cetii. This means almost instantaneous transaction speed for up to 400,000 transactions per second, making Sui virtually the fastest blockchain in the space. 

Can Solana reach $200 soon?

Solana has been on a roll over the past month after a long period of quasi-hibernation. After flipping $160 into support, Solana surged past $170 to $178. However, momentum waned and Solana currently sells for $171 with a 1.3% intraday decrease. When zooming out on the chart, it’s clear that Solana has entered an ascending trajectory that follows a string of higher lows, suggesting strong momentum and increased interest. 

Just a few days ago, Solana reached a record high against Ethereum, with 1 SOL being worth approximately 0.069 ETH, for a staggering 600% in less than a year.

Rollblock reinvents crypto gambling

The online gambling industry has been driving users away en masse by failing to address safety and transparency concerns. Ethereum-based DeFi casino Rollblock solves this with the integration of blockchain technology as its base operational layer. This means robust security measures coupled with tamper-proof transactions, that are both easily traceable and immutable. 

So far 20,000 players have chosen Rollblock and hundreds of new users are signing up every day. A 7,000-game catalog awaits newcomers with sports betting to be included soon as well. Additionally, as soon as users sign up, they will receive a 100% welcome bonus on their first deposit.

The native token, RBLK, plays a crucial role in the ecosystem as it powers the novel revenue-sharing mechanism that will allow the community to earn some of the highest APY in the space. 

The casino will reinvest up to 30% of its weekly profits and redistribute it to the community via open-market buybacks of the RBLK token. 40% of these tokens will be redirected towards holders in the form of staking rewards. The other 60% will be burned, creating a deflationary environment that will pave the way for massive price surges in the upcoming months.

Right now, the price of RBLK is $0.0318 and has already seen a 218% increase since the start of the presale. Another 800% rally is expected by the final round of the event, making now the perfect time to get involved. Moreover, a 100x moonshot in 2025 could be in the cards for Rollblock as DeFi gambling is set to be the next big thing in crypto.

For more information, visit the Rollblock presale website and join the online community.

This article first appeared at crypto.news