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Crypto dips 8% MoM, but Rollblock’s presale success attracts Ethereum and Solana whales, hitting a 5th ATH in a month.
The crypto market has been treading water after dropping 8% MoM. However, the new GambleFi ingenuity, Rollblock has continued to draw attention with its trailblazing presale success.
The Ethereum-based iGaming platform, setting sights on reforming the global casino industry, has had Ethereum and Solana’s whales snapping up its 100x blue chip tokens. While the duo toe the bear crypto market’s line, Rollblock made its fifth ATH in a month, and experts have named it the next 1000x crypto. Let’s find out why.
Ethereum eye August 5 low as whale abandon ship
Since the August 5 drop, Ethereum has struggled to stay above the $2800 mark, and whales are growing impatient with this lackluster performance. Recent on-chain data shows a massive decline in whale activities and flow, further raising bearish sentiment around ETH.
Just a few days ago, the Ethereum price fell below the $2520 short-term support level and could face further decline to a local low at $2120. Technical indicators like the RSI and AO also point to a bearish ETH. This culminated in whales casting a wider net with brighter opportunities.
Solana flounder raises red flag among whales
Solana definitely had the potential to be the “next 1000x crypto” in its early days. But this bright star has seen its light dimmed unfavorably by intensifying bear action and market uncertainties. In fact, SOL’s incessant decline has shown a red flag to savvy whales who have grown weary of the token since its FTX decline.
Last month alone, Solana lost 20% after falling below crucial support to $130. This decline was accompanied by an 87% decline in on-chain and DEX volumes compared to March’s stats. Meanwhile, whales have been on a sell-off spree. In recent weeks, Solana whales have offloaded over $34.3M to hedge their positions.
Rollblock’s surges 140%: Is this GambleFi the next 1000x crypto gem?
The crypto market is known for its periodic downtrends, which is exactly why Ethereum and Solana have lost steam lately. But since inception, high-potential presales have always been the go-to haven for whales and savvy investors. Rollblock has presented this option again on a platter of gold.
At its core, Rollblock features an inventive blend of DeFi and the best of traditional casinos to build a decentralized, user-focused, but thrilling extensive gaming ecosystem for punters. It’s a redefined Vegas experience from the tip of your finger!
The unique feature was probably half the allure that got Rollblock’s GambleFi presale inching past its $3M valuation in just weeks. Rollblock is reintroducing incentivized participation by incorporating various passive earning streams into its tokenomics, which piqued Solana and Ethereum whales’ interest. This includes the revenue share program, where holders share 30% of weekly revenue.
This GambleFi platform has turned every investor’s dream into reality, and it’s no surprise experts named it the next 1000x crypto gem. Deflationary tokenomics is in place to burn token supply and improve value—a feature every successful project needs during hard times. Presale has already amassed over $3 million, and it’s express from here to 1000x. The price is still just $0.024, so interested investors fade the opportunity to ape in the next blue chip.
For more information, visit the Rollblock presale website or join the online community.
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