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Is Altcoin Season Over? Solana Crash But This New Altcoin Continues To Rally With XRP

December 8, 2024
in Crypto News
Reading Time: 2 mins read
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Is Altcoin Season Over? Solana Crash But This New Altcoin Continues To Rally With XRP
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Investors in Solana and Ripple may be concerned that alt-season has topped out here as these legacy coins lose momentum. However, the brand new GambleFi protocol Rollblock ($RBLK) continues to make new highs as it storms through to stage 9 of its presale. Let’s find out why experts stand by that 50x price prediction.

Solana ($SOL) Runs Out Of Steam Despite New High

Solana is down 1.7% today to reach $231. Things were looking incredibly bullish for Solana as it recently made a new high at $263 before being rejected and consolidating below resistance. Despite this it has still been a stellar month for Solana holders, who will be looking at gains of more than 39% in this time.

Solana’s daily volume recently reached $13 billion, signaling that traders have returned to the Solana ecosystem in size. Open interest in the Solana chain has risen to more than $4 billion which suggests that bulls are optimistic that Solana will return to its all time high in the weeks ahead.

Is Ripple ($XRP) Cooling Off After Monumental Month?

Ripple has also given investors cause for concern recently after briefly falling from its recent high of $2.32. Although Ripple is currently finding support at $2.2 it has rebounded to $2.43 which still represents a stunning performance this month of over 341%. Ripple recently overtook Solana in the CoinMarketCap crypto top five as Ripple reached the third  position.

The Ripple market cap is now an incredible $130 billion, as huge numbers of buyers stepped in in recent weeks to pump Ripple to new yearly highs. It is only natural that Ripple will consolidate here after such a massive run, although there are many bullish catalysts that might launch Ripple above $3 in early 2025.

Rollblock ($RBLK) Inspires Confidence In Early Investors As Price Makes Another Run For New Highs

Rollblock ($RBLK) recently delighted its community by launching its dedicated sports betting feature, allowing sports fans the chance to win massive amounts of $RBLK with the accuracy of their sports predictions. A recent successful trial on the Rollblock Discord server was met with great acclaim, and the full feature now sits alongside the existing 7,000 casino classics on the Rollblock platform to form a truly comprehensive GambleFi offering.

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Rollblock is powering through its early-stage presale offering and recently reached stage 9 as more than $6.9 million of investment has been made into this upstart gem.

Rollblock aims to disrupt the massive $450 billion online gaming industry with its secure inscription of all transactions onto the Ethereum blockchain. Gamers can now verify for themselves that their bets remain exactly as intended.

The $RBLK token benefits from regular token buybacks, using platform profits to burn 60% of these purchases and allocate the remaining 40% to stakers in the Rollblock community. Token supply will only trend lower as Rollblock grows to appeal to mainstream gamers in the coming 12 months.

Stage 9 tokens are already selling fast at the discount price of $0.041!

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

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

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Credit: Source link

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