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Solana bounces back strong, Arbitrum flirts with key levels, and Rollblock emerges as the next big GambleFi contender, with analysts eyeing 50x growth.
It looks as though Solana is ready for yet another monster rally to the upside as crypto experts weigh up the investment potential of Arbitrum and the fledgling GambleFi protocol Rollblock (RBLK). Find out why Rollblock is being tipped for an astonishing 50x growth this year.
Solana ETFs face a roadblock as Gensler throws spanner
Solana has bounced from its recent flash crash to $200, adding 5.5% on the last day of trading to reach $225. This shows incredible strength for the Solana ecosystem, which recently put in a new all-time high of $264. Since then, Solana has been struggling as hopes were recently dashed that a spot Solana ETF would be approved by the SEC. Gary Gensler refused the Solana ETFs as one of his last acts in office, leaving Solana bulls to wait until 2025 to see these funds trade on Wall Street.
Solana will likely enter price discovery in the weeks ahead, with many traders targeting the $300 level as a likely next move.
Arbitrum token unlock rattles the Layer 2 community
Arbitrum is also enjoying a deep green daily candle, with a 5.6% gain bringing the Arbitrum price to $0.99. It looks as though Arbitrum is ready to flip the pivotal $1 mark to support during its next leg up, as it recently bounced convincingly from its recent crash to $0.84.
In the last month alone, Arbitrum has gained over 57%, earning Arbitrum a place at number 40 in the CoinMarketCap top 100 crypto rankings. An alarming number of Arbitrum tokens are due to be unlocked this week, as 92.6 million Arbitrum tokens will hit the market on December 16th. This has spooked the Arbitrum holder base somewhat, as a large number of these tokens may end up being sold in a move that will suppress short-term price action significantly.
Rollblock brings DeFi to the casino space with blockchain solutions
Rollblock (RBLK) solves so many problems for the existing casino industry that it is set to take a huge chunk out of the $450 billion pie that is the online gambling sector. First up, it leverages the mighty Ethereum blockchain to secure all bets and transactions. This does away with any suspicions around bet fixing, as now Rollblock gamers can verify everything.
A huge range of over 7,000 classic games, from old favorites such as poker and roulette to exclusive launches like Zeppelin, are offered. These are all fully immersive, AI-powered gaming experiences that will keep gamers engaged and coming back for more.
The RBLK token powers the entire platform and is currently available for $0.041 on the Rollblock presale page. Thanks to the Rollblock revenue share scheme, RBLK supply will trend lower over time as each week 60% of regular platform buybacks will be burned from supply. The remaining 40% will find their way back to loyal community members who will likely never sell, as RBLK can be staked for up to 30%.
This represents some of the highest APY in all of crypto and is one of the reasons that analysts are predicting phenomenal 50x moves for Rollblock in the coming months.
To learn more about Rollblock, visit the website and socials.
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