Solana (SOL) and Chainlink (LINK) are facing increased bearish pressure as the broader crypto market continues to slide. Over the past week, both tokens have seen significant price drops, with investors growing wary of further downturns. Amidst this market turmoil, Rollblock (RBLK) holds on to the horns of the bull market with its innovative GambleFi model.
Solana Faces Significant Downturn
SOL has seen a steep downtrend, with the price dropping more than 19.5% in the last two weeks. Previously trading at highs of $163, SOL has been pushed below the $130 level and reflects a bearish trend. Given the uncertainties around the fed rate cut, the 9.4% decline in TVL has caused a ripple effect in the SOL ecosystem.
According to analysts, if the market does not improve, SOL could break further at the end of the month. Given the wider crypto market is down and investor sentiment still cautious, SOL underperforms against other altcoins, such as RBLK.
Chainlink Breaks Into Bearish Market Formation
LINK has registered 14 green days in the last 30 days, shifting its market sentiment from neutral to bearish with a 30-day projection of dropping as low as $8.5 per token. Still, LINK is -81% from its all-time high and has been outpaced by most of the top 50 cryptocurrencies in the past year.
Increased concerns about a recession may cause a more substantial LINK drop despite the fact that cryptocurrency investors had anticipated a bull run after September’s slated Fed rate cut. Besides, LINK has broken into a bearish market structure in its daily price charts, making holding onto LINK far from ideal.
Rollblock Offers Utility And Gains On Presale
SOL and LINK may have their profit potential, but RBLK is undoubtedly the best crypto to buy now. After thorough analysis, experts predict it could hit $0.1 at launch. Currently trading at $0.025 in its ongoing stage 6, their projections reflect an increase of over 300% in a near-ending presale.
People holding Rollblock are attracted not only by gains but also by its useful utility. More precisely, RBLK is a deflationary play-to-earn and governance token, which, in other words, means it’s used as a reward system on Rollblock‘s online casino and self-appreciates when more investors use it for DeFi activities.
This GambleFi model has quickly gained momentum in the crypto market through the pace of its presale, extra features, and many incentives offered to investors in return. Rollblock offers no KYC requirements, as using the protocol ensures anonymity and user protection. The platform also offers high-level exchangeability, as crypto users can swap RBLK for other digital assets.
Additionally, Rollblock users are entitled to voting rights for making critical decisions related to its ecosystem. Secondly, to incentivize long-term participation, Rollblock distributes a portion of all its platform fees to its investors and offers one of the highest APYs in the crypto market to investors who stake their RBLK tokens.
Conclusion
Smart investors know to buy and hold Rollblock, which offers both solid utility and potential for unparalleled gains. At a time when popular cryptos like SOL and LINK are struggling to stay afloat, RBLK is undoubtedly the best crypto to buy ahead of the bull market!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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Source: https://www.crypto-news-flash.com/solana-sol-and-chainlink-link-face-bearish-pressure-while-bulls-continue-to-bet-on-rollblock/?utm_source=rss&utm_medium=rss&utm_campaign=solana-sol-and-chainlink-link-face-bearish-pressure-while-bulls-continue-to-bet-on-rollblock