Ethereum and Solana whales are rallying around Rollblock, a new crypto project poised to make waves in the $500B iGaming industry. With its unique blockchain technology aimed at secure and seamless Gameplay, Rollblock has already gained momentum, raising over $4.86M in its initial coin offering (ICO). Investors see Rollblock’s potential to redefine GameFi and revenue-sharing models, positioning it as a prime contender in this booming market.
Bearish Sentiment Persists as Ethereum Dips Below $2,600
The leading altcoin, Ethereum (ETH), has suffered an extended downtrend and is having difficulty breaking $2,600. In the latest crypto market correction, Ethereum has slipped another 5.5%, settling around $2,509 with a market cap of $302 billion. Veteran trader, Peter Brandt, points to a continued bearish structure, warning that the absence of a buy signal and a downside target of $1,551 keep caution high for traders.
However, there’s a bit of a mixed outlook. Crypto analyst, Mammon, sees Ethereum approaching a critical demand zone where bulls are attempting to establish a higher low to support a potential upward trend. A close below $2,460 could spark more risk, but holding this support zone and retesting the volume area high (VAH) could fuel a breakout and lead to a significant rally. Some analysts even hold bullish targets as high as $18,000 for Ethereum if upward momentum picks up again.
Amid this back-and-forth, many Ethereum whales are looking to Rollblock, a new blockchain project capturing attention as a promising alternative, especially in these volatile market conditions.
Fibonacci Levels in Focus as Solana Eyes a Potential Comeback
Solana dipped 5.05% within the last twenty-four hours, bringing its market cap to below $79 billion. This marks Solana’s third straight day in decline, with a total drop of 9.5% from last week’s peak of $183.30 to its current price. This downtrend is reflected in a series of consecutive bearish candles on the daily chart, including an intraday pullback of 1.48%.
The downturn has pushed Solana past the 61.8% Fibonacci retracement level at $169.49. Although it recently attempted an upward reversal with an inverted head-and-shoulders breakout, the price couldn’t hold its momentum and is now headed toward the 50% Fibonacci level at $159.54. If Solana can rebound from this support level, short-term price targets could range from $169.49 to $188.65. Looking further ahead, if the trend reverses, Solana might also test the $200 level by the month’s end.
Over 20,000 Investors Flock to Rollblock’s $RBLK Presale
Rollblock, an Ethereum-based online casino, is shaking up the play-to-earn and GambleFi sectors with its innovative approach. Rollblock’s native token, RBLK, is the casino’s currency, opening up over 7,000 games for players to enjoy. Rollblock utilizes provably fair games from some of the biggest providers in the space, advanced encryption, and blockchain technology to safeguard players from scammers and fraudulent bets.
The platform’s unique tokenomics is already drawing considerable attention. Rollblock dedicates up to 30% of its weekly revenue to buy back RBLK from the open market, with 60% of these tokens permanently burned to create scarcity, increasing the token’s value. The remaining 40% of these buybacks are distributed as staking rewards, keeping them competitive with the current market for APYs, and incentivizing holders to stay engaged.
This fresh approach has already attracted over 20,000 early investors, allowing Rollblock to raise close to $5 million and boost RBLK’s value by an impressive 230% during its presale stages. Now in stage 7, RBLK is priced at $0.033, and demand is still climbing. By focusing on both asset growth and sustainable passive income, Rollblock has become a standout in the GambleFi landscape, redefining success with a model that caters to investor confidence and long-term gains.
There is a limited time 50% RBLK token bonus running over the next week offering investors an opportunity to get involved at ground floor prices.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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