Mass Liquidations Rock Ethereum and Solana, Holders Switch To This New Altcoin

SPONSORED POST*

Over $320 million worth of crypto positions have been liquidated in the past few days, with Ethereum and Solana being two of the hardest-hit assets. Market behavior around cryptocurrency ETFs has directly influenced trading strategies, leading to a cascade of liquidations when the market moved against highly leveraged positions. Both Ethereum and Solana saw sharp price declines, and investors sought better investment options in the new altcoin Rollblock. Currently in presale, Rollblock is immune to market fluctuations and a safe haven for investment dollars.

Ethereum (ETH): Leveraged longs loses as ETFs falter

Totaling a massive $174 million in a single day, mass liquidations shook Ethereum to its foundations. Ethereum ETFs were approved at the end of May. Crypto traders piled into leveraged positions and paid the price for being too enthusiastic about interest in the ETFs. 

External market pressures exposed the leveraged positions’ vulnerability, and the sudden drop in Ethereum’s price triggered a wave of forced liquidations. ETFs can be fantastic trading vehicles, but they are not as stable as the real thing, and ignoring the warning signs saw many investors lose their shirts. 

Solana (SOL): Same tune, same result

Solana followed a distressingly similar path. After Bitcoin and Ethereum spot ETFs were approved, rumors abound that Solana is next in line. Longs bet on Solana going to the moon, but Solana saw approximately $13.1 million in liquidations exacerbated by broader economic concerns, including geopolitical tensions and disappointing US economic data. The good news is Solana has recovered somewhat in the last 24 hours, and leveraged positions are now a lot less enthusiastic. There’s still no word on Solana ETFs beyond the rumor mill, though.

Rollblock (RBLK): New altcoin grabs investor interest

When markets are tumultuous, thanks to everything from bad economic indicators to geopolitics, it’s nice to know there are safe havens to be found in presales and ICOs. These investment vehicles don’t get battered by market storms, and this is partly why Rollblock, a new altcoin specializing in online gambling, has seen such a huge inflow of liquidity.

Only partly, though, because even If the market were more bullish than a Pamplona street, Rollblock would still be the hottest new crypto of the year! There’s no getting away from the facts: online gambling is huge, $500 billion per year huge. It’s a competitive market, but Rollblock has the competition cornered through being the first-ever no-KYC play-to-earn platform built on Ethereum. This is a much bigger deal than meets the eye, as Rollblock solves many problems the online gambling sector has been battling with since the invention of the internet.

By utilizing Ethereum’s security and transparency, Rollblock ensures peace of mind to punters and investors alike that there’s no shady dealing going on behind the curtain. Players are sure games are not rigged, and investors know they cannot be hacked by unscrupulous gamblers. 

And investors are having a field day with the new altcoin: Rollblock has gained almost $3 million in presale liquidity influx, thanks largely to Rollblock’s revenue-share model. Investors get paid a share of the income generated on the dApp every week. It doesn’t get much better than that! 

Rollblock is now in its sixth presale phase, and coins are available at $0.024.Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino

*This article was paid for. Cryptonomist did not write the article or test the platform.