The crypto market is still struggling to find its footing, and analysts expect further price declines for several projects. Solana and Dogecoin appear shaky, as both cryptos are failing to sustain their current levels. To recoup recent losses, investors have been rotating funds into low-cap projects that have shown resilience in the current climate, such as crypto casino Rollblock.
Brazilian SEC Approves Solana ETF, but SOL Is Headed Lower For Now
Solana surged by 40% in the days following the Monday crash. Solana reclaimed the $150 level and began moving in a narrow channel around that mark.
Analysts expect Solana to revisit lower levels before the next surge. The overall picture, however, is still bullish as Solana is moving above the 200-day moving average.
Recently, news broke that the Brazilian SEC has greenlighted a spot Solana ETF. However, the final decision rests in the hands of the Brazilian stock exchange, which has yet to announce when exactly this will happen.
Dogecoin Struggles To Build Momentum
Dogecoin has been ranging around $0.10 for almost a week after a strong rebound from the lows. Its momentum seems exhausted for now, though Dogecoin seems to be setting up for another uneventful week.
Onchain analysis shows that whale activity is increasing as large holders are consistently adding to their Dogecoin positions. A clean break above $0.11 could renew the Dogecoin momentum and send Dogecoin back to the yearly peak of $0.20.
Rollblock Is Going to $1, Will It Happen This Year? Some Analysts Think So!
Crypto casino Rollblock seamlessly merges TradFi and DeFi gambling, and experts think it has what it takes to disrupt the $450 billion online gambling industry.
Rollblock leverages blockchain technology to ensure that all bets are easily traceable. This also makes it impossible to manipulate bets once placed. The casino requires no KYC verification, and users can enjoy complete anonymity. Individuals just need to connect their crypto wallets to get started with one of the 150 games available
Aside from a groundbreaking DeFi casino, Rollblock also offers a unique revenue-sharing model. The casino uses up to 30% of the generated profits to buy back RBLK tokens. Half of this amount is burned from the total supply, and the other is distributed as staking rewards, offering some of the highest APYs in the crypto market.
Stage 5 of the RBLK presale is quickly selling out, and more than $2 million has been raised so far. The RBLK price is currently $0.02, and it’s expected to soar by 800% by the end of the final stage.
As the crypto gaming narrative starts gaining traction, a 100x multiplier seems like a plausible scenario. Some analysts agree that RBLK could reach $1 by the end of 2024, offering huge returns for investors who get involved during the early presale stages.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
