Bitcoin could be facing a massive sell off as the US government is expected to sell up to 10,000 BTC soon but Solana’s brief correction phase from last week is coming to an end. As Solana re-enters its price discovery phase, savvy traders are also diversifying their wallets with new viral altcoin Rollblock (RBLK) that is poised for 880% gains already.
Bitcoin (BTC) Dominance Falls During Altseason Hype
Bitcoin’s price has jumped 85% since its halving event in April when miner rewards were reduced to only 3.125 BTC per block. After Trump’s recent victory in the US presidential elections, Bitcoin surged to a new all-time high price of $99,800 in November. However, Bitcoin’s market dominance has now fallen to 55.6% which typically means investors are booking profits ahead of the highly anticipated altcoin season.
Bitcoin is currently trading for $94,095.45 after an intraday decrease worth 1.75%. Since the US government could also be selling up to 10,000 BTC after transferring the coins to two Coinbase wallets, the overall market sentiment is expected to turn bearish because of this sell signal. For now, Bitcoin’s nearest resistance level is at $108,561 while the support is at $87,680.
Solana (SOL) to Continue Price Discovery After Brief Correction Phase
Solana’s price experienced a sudden crash over the last seven days as some short holders were liquidating their assets. This correction was also fueled by Solana’s RSI entering the overbought zone on the SOL/USDT daily chart which typically precedes a sell-off. Since the selling pressure is cooling down now, analysts expect Solana’s price to continue its discovery phase towards the $300 and $400 levels.
Many investors also cashed in on the price dip and reentered the market between the $247 and $252 levels. Solana is currently trading for $221.99 after a minor intraday decrease of 1.39%. As Solana’s RSI has recovered and the MACD indicator confirms the upward trend, analysts expect Solana’s price to retest the critical $283.24 resistance soon.
Rollblock (RBLK) Breaks Records by Raising $6.63 Million in Presale
Rollblock is already breaking records in stage 8 of its presale as savvy traders drive the token’s demand to new highs every week. Both retail and institutional investors are flocking to Rollblock’s presale to become a part of this GambleFi revolution. Since Rollblock has already raised more than $6.63 million in its presale stages, analysts are projecting up to 880% gains for RBLK holders before the token’s official launch.
Even in presale, Rollblock’s revolutionary GambleFi project is already active and generating revenue with more than 20,000 daily active users. On Rollblock, traders can sign up and play more than 7,000+ exciting games to win huge in-game rewards. Since Rollblock is committed to providing the most trustworthy iGambling experience, the platform encrypts all financial data and bets directly on Ethereum’s immutable blockchain. This encryption ensures that traders’ financial data remains private and all bets are free of third party manipulations.
The best part about Rollblock is that the platform is powered by its native RBLK token. Instead of relying on third party cryptos, Rollblock offers all in-game rewards in the form of RBLK tokens which increases the token’s demand on the open market. Since Rollblock’s supply is also capped at 8 billion tokens, analysts expect RBLK’s price to remain highly deflationary over time which increases its utility for investors.
Since Rollblock is currently offering a 20% deposit bonus on every new signup, the platform is seeing a massive surge in its demand. RBLK tokens are currently selling for a low price of just $0.037 each but analysts are already hinting at a huge jump towards the $0.041 level within the next few days.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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