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Discover why crypto whales are heavily investing in XRP, Solana, and Rollblock, and what their price direction and potential gains look like for 2024.
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As crypto whales make waves in the market, they’re currently on a significant buying spree for XRP, Solana, and Rollblock. It’s crucial to note that Rollblock is in its 6th presale stage, trading at $0.027 and having raised nearly $3.7 million.
Experts predict Rollblock could surge 200x in 2024, attracting the attention of major investors. In this article, we’ll check out the factors driving these whales’ purchases and what it could mean for the future of XRP price and other trending altcoins.
XRP price surges as whales go on a buying spree
In recent days, positive XRP price action has been fuelled by a substantial rise in whale activity. According to data from Whale Alert, the past ten days have seen 380 million XRP ($223m) accumulated by XRP whales controlling between 10 million and 100 million of the coins. The whale spree started with a buy-in trigger at around $0.53, implying that the ‘big boys’ deemed this a good entry point.
As a result, XRP managed to stage a 10% recovery. That move followed a noticeable spike in whale accumulation, further evidence that the XRP price is dictated by the actions of whales. Right now, XRP trades at $0.587 and any more whale purchases would set the stage for additional gains in the coming days.
Solana’s surge: Are crypto whales back in the game?
Solana is back and gaining momentum, with crypto whales showing increasing interest. SOL recently registered a breakout above critical resistance levels (the $140 psychological level) as it left its steady $130-$139 range during the week’s Federal Reserve rate cut.
The chance of finding major support regions to stop bears from piercing key price levels boosted SOL sentiment. The decentralized financial coin traded at $151 as investors watched for a major increase.
Analysts have been monitoring to see whether Solana can break the $140 barrier it held for days before this jump and if this would signal increasing market acceptance and strength to reverse the two-month decline. How long can Solana maintain this?
Crypto whales are flocking to Rollblock
Crypto whales are flocking to Rollblock, driven by its offerings and promising potential. One major attraction is the platform’s commitment to secure and private transactions, utilizing encryption to protect users’ interactions and financial activities. This security is crucial for large investors looking to safeguard their assets.
Additionally, Rollblock’s multicurrency staking options, allowing staking of Bitcoin, Ethereum, and Dogecoin, provide flexibility and enhance user engagement. The platform’s Play To Earn program also incentivizes participation, offering tokenized cashback for gameplay, which appeals to both casual and serious gamers.
Furthermore, Rollblock employs periodic token burns to enhance scarcity and value, a strategy that resonates with savvy investors. As one of the world’s first community-backed crypto casinos, it promises a unique and immersive experience. The incorporation of AI betting tools further enriches the platform, helping users develop enhanced betting strategies.
Finally, generous staking rewards create a compelling reason for whales to accumulate RBLK tokens, solidifying their confidence in Rollblock’s long-term viability. Together, these features create an attractive investment environment, prompting whales to capitalize on the platform’s growth potential.
To learn more about Rollblock, visit the website and its socials.
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This article first appeared at crypto.news
