Altcoins
New altcoin with revenue sharing model attracts Solana and Dogecoin holders
Disclosure: This article does not represent investment advice. The content and materials presented on this page are intended for educational purposes only.
Rollblock, the new altcoin with a unique revenue sharing model, has attracted the attention of Solana and Dogecoin investors.
In the ever-changing world of cryptocurrencies, a new altcoin is making waves: Roller block (RBLK). With high returns for its investors, Rollblock’s strategy has attracted many investors, including those seeking higher returns from the top altcoins on the market, such as Solana (SOL) and Dogecoin (DOGE).
Solana Expands Consolidation: Next Price Move?
At the start of this bull cycle, Solana (SOL) was one of the best altcoins to watch, but at the time of writing, it appears to be consolidating. The current SOL altcoin price has not changed much, and the rises and falls are equally balanced in the market.
Solana has been trading between $158 and $173 over the past two weeks. Recently, the 50-period moving average has moved below the 200-period moving average, a bearish signal in technical analysis also known as the “death cross.” This means that in the short term, Solana price could continue to fall, with support at the $120 level.
Dogecoin Falls to $0.13 as Bullish Momentum Continues
Since Dogecoin (DOGE) reached its December 2021 levels in April, it has been on a downward trend. According to recorded data, it reached its yearly high of $0.230 on April 1, when the entire market was rising, but Dogecoin price was unable to recover and show any form of bullish pressure .
The recent increase in whale activity around the meme coin has failed to spark a comeback, as Dogecoin has seen a sharp decline over the past week. If Dogecoin bulls fail to hold the support level at $0.130, a breakdown to $0.120 or possibly $0.100 could occur. Amid this poor market outlook, Rollblock has become one of the altcoins to watch due to its unique revenue sharing model.
Investors turn to Rollblock for its revenue sharing model
Roller block (RBLK) is a new project that has gained attention as one of the best altcoins to invest in due to the unique revenue sharing model it has. The Rollblock team announced that up to 30% of the weekly revenue it generates will be used to repurchase RBLK tokens on the open market.
Half of the RBLK purchased by the team will be burned to strengthen the altcoin while the other half will be used to reward those who stake RBLK tokens. Rollblock offers an APR of up to 30%, higher than what most top altcoins offer. Because this revenue sharing model reinforces the value of RBLK while rewarding RBLK holders, RBLK is in high demand in the market.
Over the past few weeks, over 90 million RBLK has been purchased by investors, helping Rollblock raise over $750,000 in its cryptocurrency ICO. Another reason why Rollblock is slowly but steadily becoming one of the best altcoins to invest in this year is its market potential. This project has developed an online casino that has advantages over conventional casinos in terms of transparency, security and scalability.
With Rollblock operating in a $450 billion market, it offers plenty of growth opportunities. As more people join the platform, RBLK, the platform’s native token is expected to skyrocket. With RBLK currently priced at $0.014 in the third round of the ongoing cryptocurrency ICO, projections of a rally to highs between $1 and $2 have caught the attention of holders of Solana and Dogecoin.
Conclusion
Due to the lack of bullish action in Solana and Dogecoin, investors are shifting their assets to the more promising Rollblock. Besides the fact that RBLK holders can get up to 30% APR, the project’s model in a $450 billion market opens up even greater growth potential for the token than DOGE and SOL, a more important reason to join the project now.
For more information about Rollblock, visit official pre-sale website or join the Online Community.
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.