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Cardano whales move to Solana and Rollblock amid market recovery
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Cardano whales are migrating to Solana and Rollblock amid an uptrend in the market, driven by the recent bullish momentum and impressive performance of these emerging tokens.
The cryptocurrency market is gradually recovering from a prolonged bearish momentum, with most cryptocurrencies experiencing price recovery from the general altcoin market to AI and Big Data crypto coins.
Although major cryptocurrencies like Solana (SOL) have shown positive signs with a strong uptrend, they have attracted investor attention from other tokens like Cardano (ADA) which have shown very little upward trend in prices. Meanwhile, Rollblock (RBLK) is another new entrant in the market that steals the spotlight as it shows impressive pre-sales performance.
Crypto whales are dumping Cardano tokens
Despite predictions of rising prices and continued market revitalization, Cardano has yet to show significant signs of a massive price increase. Unlike Solana, which has seen a nearly 10% increase over the past week, Cardano’s native token ADA has barely maintained a steady price trajectory over the past week.
Aside from an occasional price increase sometime over the past week, the ADA price trajectory has mostly maintained relative stability. In fact, the majority of ADA’s price increase occurred at the beginning of the month, when the token reached a high price of $0.52 before dropping to a low of $0.42 on two occasions.
Currently trading within a weekly price range of $0.46 to $0.48 reflecting a modest 4% increase, market analysts and whales are growing impatient as they lean towards more profitable tokens like Solana and Rollblock.
The Solana token resumes its bullish trend in a context of market revitalization
The Solana network is back in the news following a sharp increase in the price of its native SOL token over the past week. After a notable drop to around $133 earlier this month, the SOL token has regained momentum and is currently on a bullish trajectory.
Currently trading within a weekly price range of $152 to $168, Solana’s price has seen an increase of more than 10% in the last week and more than 25% in the last month. While this price recovery reflects growing optimism in major cryptocurrencies, it has also attracted crypto whales from other cryptocurrencies like Cardano.
Rollblock’s rapid progression to the second pre-sale phase
The continued market recovery has further highlighted Rollblock in the pre-sale market. Just weeks into its pre-sale campaign, Rollblock quickly moved into the second phase, highlighting the growing interest in the new GambleFi protocol and the native RBLK token. Notably, the price of RBLK increased by 20%, going from an initial price of $0.01 to $0.012. It is set to increase by more than 720% in pre-sale alone.
However, Rollblock’s appeal lies in its ability to address the major challenges inherent to traditional online casinos. In particular, Rollblock has carved out a new niche for itself as a GambleFi protocol that essentially introduces blockchain elements including cryptocurrency to online casinos. Being a decentralized network, Rollblock eliminates issues such as lack of transparency, security of funds or even regional restrictions typically imposed by rigorous KYC processes.
For example, Rollblock introduces a seamless registration process, allowing participants to engage in its Casino Arena without the need for any KYC verification or additional downloads. In addition to that, Rollblock adopts a unique revenue sharing model that sets aside up to 30% of the platform’s revenue on a weekly basis, of which 50% of tokens are burned and the remaining 50% are used for staking rewards.
With still a few steps to go, RBLK’s current price at $0.012 offers a good entry point for those looking for the leading crypto coin to buy in the online gambling market, especially as it is expected to rise from 540.3 billion dollars in 2023 to $744.8 billion in 2028 at a rate of 6.6%.
Conclusion
While analysts have predicted surges ahead for Solana in the altcoin market, Cardano has yet to show signs of a major price recovery. Meanwhile, Rollblock has proven to be a mainstay in the pre-sale market with its initial phase quickly selling out. Additionally, Rollblock has carved out a niche for itself as a GambleFi protocol, which not only makes it a favorite but also positions it for accelerated growth.
To find out more, visit Rollblock website and check his social networks.
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