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XRP and Solana face price declines, but optimism remains for Q4. Meanwhile, Rollblock’s new GambleFi protocol could surge 100x at launch.
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XRP and Solana are experiencing significant declines in their prices today, but investors are still optimistic about potential trend reversals in Q4. Despite this strong community sentiment, the biggest gainer this week is still Rollblock’s new GambleFi protocol which is poised for a massive 100x rally on launch day.
XRP faces a legal battle once again with SEC appeal
XRP was showing signs of bullish traction during September which made analysts optimistic about XRP’s Q4 gains. According to Bitwise, XRP is also planning to launch its own ETFs soon as XRP recently filed an application with the state of Delaware. However, all these bullish predictions have suddenly ended in vain as the US Securities and Exchange Commission (SEC) filed an appeal on the court’s recent ruling that favored XRP developers Ripple.
Following this massive news, XRP is currently trading for $0.5218 with a significant 10.55% intra-day decrease. Since XRP’s volume is also rapidly increasing, investors appear to be booking profits before the token faces more legal troubles in the upcoming weeks. Even the XRP/USDT daily chart has turned completely bearish as the token is expected to plunge to the $0.4305 support trendline soon.
Solana investors show confidence despite recent rejection
Solana suffered a massive 9% decline in just two days after it failed to breach the critical $160 resistance again. Since Solana has tested this level three times already, analysts expected Solana investors to start losing interest soon. However, despite the decline, Solana’s community sentiment remains bullish due to innovative developments in Solana’s ecosystem.
Solana is currently trading for $135.58 after a significant intra-day decrease of 7.62%. For now, the only glimmer of hope left for Solana is the massive 46% surge in Solana’s dApp volume over the last seven days. If Solana manages to regain investor interest soon, Solana’s price could soar past the $160 resistance and test the $180 level before the end of 2024.
Rollblock to outshine XRP and SOL in Q4’s bull market
Rollblock might be a new altcoin in the trending DeFi market, but it is already poised for a massive 800% rally by the end of its presale. Rollblock’s unique strategy to combine features of centralized and decentralized gambling is attracting a huge wave of investors as the iGambling platform has already raised more than $4 million in record time. If this bullish hype continues in Q4, Rollblock is expected to outshine both XRP and SOL during Q4’s much-anticipated altseason.
The main reason why investors are rushing to get their hands on Rollblock’s native RBLK is the deflationary tokenomics. Since Rollblock is a community-backed token, it features an attractive revenue-sharing model that is designed to give back to Rollblock’s long-term holders. Every week, Rollblock uses a significant portion of its profits to purchase RBLK on the open market and uses these tokens to distribute staking rewards with up to 30% APYs to current holders.
Since this buyback mechanism increases the demand for Rollblock on DEXs, RBLK’s price is expected to remain on a strictly deflationary price trend. To make things even better, Rollblock’s supply is capped at 1 billion tokens which will trigger more scarcity-driven rallies as the token gains traction in the DeFi space.
Aside from its native utility token, Rollblock is also experiencing bullish growth due to its huge selection of 7,000+ AI-powered casino games. Since Rollblock encrypts every financial transaction and trade on the immutable Ethereum blockchain, users can enjoy a completely secure and anonymous online gambling experience.
After recording a massive 200% rally during presale already, Rollblock has now entered stage 7 of its presale with a selling price of only $0.03 per token. With analysts already projecting another surge in Rollblock’s price within this week, investors are rushing to get their hands on this viral presale offer before tokens run out.
For more information, visit the Rollblock presale website or join the online community.
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This article first appeared at crypto.news
