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Rollblock poised to lead Solana in August, with analysts expecting up to 100x returns, while Filecoin lacks excitement.
One of the top altcoins, Rollblock (RBLK), is set to lead Solana (SOL) in August, despite rumors of a Solana ETF. Rollblock’s viral social media presence has analysts expecting x10 returns for its presale and x100 returns in 2024. These same analysts have thrown in the towel on Filecoin (FIL) seeing a fresh rally this month.
Solana’s price rally fades as ETF rumors lose their potency
The Solana price is still up 14% over the last month on the back of Ethereum ETF approval and the expectation that a Solana ETF will be next.
However, this rally is beginning to fade as the reality of a Solana ETF sets in. Issuers have said that there is little institutional demand for ETFs after Bitcoin and Ethereum ETFs. Therefore, even if Solana is next in line for an ETF, being at the front of a line to nowhere does not add much investor value.
Filecoin price lowers as blockchain use cases fail to excite investors
The Filecoin price is down 0.4% this week and 7% this month after a staggering 50% drop from 2024 highs.
The Filecoin business model of storing information on a blockchain continues to fail to attract investors. Filecoin continues to team up with dApps developers and other blockchains for interesting projects, but nothing really moves the needle in terms of user numbers or income generation. Filecoin’s 2024 rally now seems like a fluke, and analysts are telling investors to move on to fresher prospects. As a result, Filecoin returns are expected to be minimal in Q3.
Rollblock’s gamblefi wager appears to be a winning hand
While Solana’s hopes for an ETF fade, Rollblock’s wager on GambleFi looks better with each passing day.
The global gambling industry represents $450 billion in annual revenue, which crypto innovation is just waiting to claim. Rollblock’s crypto casino is bringing this change to the industry, and analysts expect it to rapidly take market share from outdated online casinos.
Rollblock’s secret weapon is its aggressive buyback program, which turns casino revenues into income and profit for its players. Rollblock buys its own token back from the market each week by employing up to 30% of the casino’s revenues. These tokens are either used as staking rewards with high APY rates or they are burned to keep the supply low and the demand high.
Rollblock backs this secret weapon with one of the best casino platforms on the market today. Rollblock features more than 150 games that cover everything from poker and blackjack to roulette and digital slots. Rollblock’s casino is so exciting that it now adds more than 2,000 new players each week.
RBLK’s current Stage 4 price of $0.0175 is set to increase to $0.02 when stage 5 begins in a few days. This guaranteed 15% increase in the early days of August will only grow further as the month passes. Longer-term estimates now have RBLK on track for more than x100 growth in 2024 alone.
For more information, visit Rollblock’s presale website or join the online community.
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This article first appeared at crypto.news
