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Cardano Whales Transition to Solana and Rollblock Amid Market Recovery
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Cardano whales are flocking to Solana and Rollblock amid a market uptrend, driven by the recent bullish momentum and impressive performance of these emerging tokens.
The crypto market is gradually recovering from a prolonged bearish momentum, with most cryptocurrencies experiencing a price resurgence from the general altcoin market to AI and Big Data cryptocurrencies.
While top cryptocurrencies like Solana (SOL) have shown positive signs with a strong upward trend, it has caught the attention of investors from other tokens like Cardano (ADA) which have shown very little tendency for a price rally. Meanwhile, Rollblock (RBLK) is another new market entrant that is stealing the spotlight as it displays impressive pre-sales performance.
Crypto whales are dumping Cardano tokens
Despite predictions of a price increase and continued market revitalization, Cardano has yet to show significant signs of a massive price increase. Unlike Solana, which saw a nearly 10% increase last week, the Cardano native token ADA barely maintained a consistent price trajectory last week.
In addition to an occasional price increase over the past week, the ADA price trajectory mainly maintained relative stability. In fact, most of ADA’s price rise happened at the beginning of the month, when the token reached a high price of $0.52 before falling to a low of $0.42 on two occasions.
Currently trading within a weekly price range of $0.46 and $0.48, which reflects a modest 4% increase, market analysts and whales are growing impatient as they lean into more tokens. profitable ones, like Solana and Rollblock.
Solana Token Resumes Uptrend Amid Market Revitalization
The Solana network is back in the headlines following a huge price surge in the price of its native SOL token last week. After a notable decline to approximately $133 earlier this month, the SOL token has regained momentum and is currently on an upward trajectory.
Currently trading within a weekly price range of $152 and $168, Solana price has witnessed an increase of over 10% over the past week and over 25% over the past month. While this price resurgence 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 resurgence has further illuminated Rollblock in the pre-sale market. Just a few weeks after the start of its pre-sale campaign, Rollblock has quickly progressed into the second phase, highlighting growing interest in the new GambleFi protocol and native token RBLK. Notably, the price of RBLK increased by 20%, going from an initial price of $0.01 to $0.012. It is expected to increase by more than 720% in pre-sales alone.
However, Rollblock’s appeal lies in its ability to address the main challenges inherent to traditional online casinos. Particularly, Rollblock has carved out a new niche as the GambleFi protocol that essentially introduces blockchain elements including cryptocurrency into online casinos. Being a decentralized network, Rollblock eliminates issues such as lack of transparency, security of funds or even regional restrictions normally imposed by strict KYC processes.
For example, Rollblock introduces a seamless registration process, allowing participants to join its Casino Arena without the need for any KYC verification or additional downloads. Furthermore, Rollblock adopts a unique revenue sharing model that reserves up to 30% of the platform’s revenue weekly, of which 50% of the tokens are burned and the remaining 50% are used for staking rewards.
With a few more steps to go, RBLK’s current price of $0.012 offers a good entry point for those looking for the leading cryptocurrency to buy into the online gambling market, especially as it is expected to grow from $540, 3 billion in 2023 to US$744.8 billion in 2028 at a rate of 6.6%.
Conclusion
While analysts have predicted increased entry for Solana into the altcoin market, Cardano has yet to show signs of a major price resurgence. Meanwhile, Rollblock has proven itself to be a mainstay in the pre-order market with its initial phase selling out quickly. Furthermore, Rollblock has carved out a niche as the GambleFi protocol, which not only makes it a pioneer but also positions it for accelerated growth.
To learn more, visit the Rollblock website and check your social networks.
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