524K SOL and 37 Million Cardano Token Unlocks Are Causing Investors To Hedge Bets With This New Crypto

Solana and Cardano have been in the news for different reasons lately. The SOL network has been a major contributor to the solid altcoin gains, with the Solana DEX volume surpassing Ethereum’s. Cardano has also been trending after the founder shared his optimistic vision for the project. 

However, Solana and Cardano are set to unlock new tokens worth millions of dollars this week, causing selling pressure among investors. That’s why they are turning to a new crypto Rollblock (RBLK), which has raised about $5 million during presale. Let’s find out why investors are hedging their bets with the new altcoin.

Solana price dips amidst investor worries

Solana and its ecosystem tokens are among the most bullish in the market. For instance, Solana meme coins like WIF, POPCAT, and MEW have all recorded double-digit growth in the last 30 days.

However, the current Solana price of around $166 is a result of the recent decline in the coin’s value. While there could be many reasons for this, one that explains the recent selling pressure is the upcoming crypto token unlock that will see 524,000 SOL tokens flood the market. While the decline is ongoing, investors are slightly bearish on SOL.

Is Cardano a shadow of its past glory?

Cardano founder Charles Hoskinson has been sharing his vision for the Cardano project lately, stirring optimistic predictions around Cardano’s future. Despite these strong claims and the network’s recent upgrades, the market seems to be going in the opposite direction.

As of the time of writing, the Cardano price has tanked by about 4% in the last 24 hours, indicating additional selling pressure after the news about 37 million ADA tokens getting unlocked this week. An analyst says Cardano is a “shadow of its past glory,” and investors are bailing on the erstwhile promising coin.

Rollblock creates a safe haven for investors

While Cardano and Solana are struggling to sustain bullish momentums due to panic, investors are hedging their bets with Rollblock. That’s because the new crypto project has been performing greatly during its ongoing presale, raising nearly $5 million in next to no time.

The broader bullish sentiment in the crypto market is rubbing off on RBLK. However, investors’ interest in the new crypto token is also because of its strides in the online betting industry.

With a vision to transform the iGaming industry and undo some traditional bottlenecks, Rollblock has created a system for gamers and investors to experience gambling in another light.

One of its unique features is the distinct revenue-sharing model, which will help Rollblock investors lock in profits from the company’s profits over time. Not so many online casinos have their customers at the forefront.

Moreover, non-gamers are welcome to stake RBLK tokens for passive income. It’s no surprise that over 2,000 people have been onboarded on the Rollblock gaming platform before its launch. Plus, ADA and SOL investors are diversifying their portfolios with the revolutionary online betting utility token.

Conclusion

As the market gears up for a flood of SOL, ADA, and other tokens worth billions of dollars, investors are finding solace with Rollblock as it shines in its ongoing presale. Currently trading at $0.0318 per token in presale stage 7, early investors can buy Rollblock before its next presale price increase.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.