Amidst the recent crypto market’s downturn, Solana (SOL) and Ethereum (ETH) have been lauded to surpass new highs in Q4. Recent technical indicators have been bullish with strong community sentiments. However, an increasing number of SOL and ETH holders are shifting focus to a new crypto with greater potential.
While this steady switch raises many questions within the DeFi industry, let’s explore this token’s innovative GambleFi model and potential to challenge the market’s biggest performers.
Is ETH Hitting a Growth Ceiling? Analysts Weigh In
Ethereum is tipped to surpass its recent highs in the coming months, following a $30.75 billion weekly performance in transactions that surpass $100,000. ETH surged over 41.6% in the past year, driven by a growing demand for dApps and NFTs. Analysts predict ETH could exceed $3,800 by year-end as a result of its layer-2 solutions.
However, ETH token holders are not satisfied with its slow ascension. In 2024, ETH grew only by 85%. This potentially means that while Ethereum is profitable, the ETH token has a growth cap. In addition, ETH has been trading -18.5% below the 200-day SMA.
KYC/AML Exposure Halts SOL’s Momentum
The general market correction has not stopped forecasts of a potential price rally for the fifth-largest cryptocurrency. Over the past week, Solana’s trading volume bumped 20.69% from $2.9 billion to $3.5 billion, indicating more activity within the SOL network.
Despite an 82% bullish sentiment on CoinMarketCap, SOL has decreased by -13.2% in the past week. Solana’s decline is largely associated with Edward Snowden’s whistleblowing on SOL’s centralized applications disguised as decentralized systems. After 73% of SOL validators were found to be KYC and AML, numbers of token holders started trooping out.
Rollblock Presale Combs Market For Biggest Investors
With Rollblock (RBLK) recently surging 200%, GambleFi is making all the crypto headlines. Investors and analysts have taken to the 7th stage of Rollblock’s presale to maximize the value of their portfolios. In a small frame, the RBLK token sale has raised over $4 million in revenue.
Rollblock represents the best of a $2.3 trillion crypto industry and a $450 billion casino industry. By leveraging DeFi with elements of gaming and gambling, Rollblock is poised to capture a huge chunk of a market that continues to expand.
Unlike most of its competitors, Rollblock offers seamless staking and yield farming with various gaming features that are appealing to the general public. In fact, analysts predict a strong future for Rollblock in the following months, going as far as to project up to a 100x increase in value based on strong presale performance and market interest.
In no time, Rollblock could be a close competitor to SOL and ETH in user adoption and market cap. With a fast-growing community and top-notch fundamentals, Rollblock may position itself as an outstanding choice for investors who seek the next breakout opportunity.
Conclusion
While SOL and ETH show potential of projected highs in the last months of 2024, investors trust this new crypto to serve their interests. The promise of higher returns and unique GambleFi model provides an enticing alternative in a market where traditional cryptos are becoming limited.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
Source: https://coinpedia.org/press-release/sol-and-eth-holders-switching-to-rollblock-new-crypto/