Solana’s ETF dreams have been cut short after Blackrock announced there’s not enough demand for Solana ETF’s. Meanwhile, Binance Coin (BNB) has bounced after a legal victory against the SEC. At the same time, newcomer Rollblock (RBLK) has become the top altcoin by gobbling up market share in the gambling industry. Analysts now have RBLK pegged for x100 gains in 2024.
Ethereum ETF Approval Powers Solana Price Higher
Solana’s price is up 15% this month, but investors are starting to have doubts following recent updates from Blackrock.
The rumor is that investors are pouring billions into Solana in the expectation that it will be the next token to receive its own ETF. While it is true that a Solana ETF is the most likely to follow Ethereum, there is no indication that issuers have any plans for more ETFs. Any Solana ETF is likely months or even years away, so the sudden surge in the Solana price seems ripe for a reversal.
Binance Coin Price Enjoys a Bounce on SEC Legal Shuffle
Binance Coin’s price bounced 3% today on the news that the SEC would be altering its filings in its case against Binance.
The SEC originally charged Binance Coin (BNB) with selling unregistered securities by allowing a number of specific tokens to trade on its exchange platform. The SEC has now reversed its stance against Binance Coin (BNB) and stated that Binance Coin tokens are no longer considered unregistered securities.
Binance COin (BNB) is not out of the woods yet, however, as the SEC still maintains a number of other charges against the exchange. As a result, Binance Coin fluctuations are expected in Q3.
Rollblock Makes Headlines as Market Share Grows
The dark horse of this week’s crypto headlines is GambleFi superstar Rollblock’s presale, as it rapidly takes market share from traditional online casinos. Rollblock is taking the $450 billion global gambling industry by storm through its introduction of blockchain technology and crypto culture to the stale online casino model.
Rollblock’s biggest innovation is the introduction of its innovative buyback program. Rollblock buys its own tokens off the market, using up to 30% of each day’s revenues. Half of these tokens are used as high-APY rewards for staking on the platform, while the rest are burned to ensure a steadily dwindling supply of RBLK.
Rollblock’s other major innovation is the use of social media and regular events to create a sense of excitement and community that old online casinos cannot compete with. Playing on Rollblock’s platform feels like being in a real casino, where players are surrounded by friends looking for fun and profit.
Rollblock is already a thriving KYC-free casino with over 150 games from the best providers in the industry. Rollblock is adding more than 2,000 new players each week, and this rate is expected to snowball as its presale goes viral.
Rollblock’s presale is rapidly selling out its 4th stage at $0.0175. The RBLK price is scheduled to increase to $0.02 as it transitions to the 5th phase. Analysts expect RBLK to be worth more than $1 by the end of 2024 based on the rate at which it is taking market share.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
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