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XRP and Solana face price declines, but optimism remains for Q4. Meanwhile, Rollblock’s new GambleFi protocol could surge 100x upon launch.
XRP and Solana are seeing significant declines in their prices today, but investors remain optimistic about potential trend reversals in Q4. Despite these strong community sentiments, the biggest winner this week continues to be Rollblock’s new GambleFi protocol which is expected to skyrocket by a whopping 100x on launch day.
XRP is facing a legal battle again with the SEC appeal
XRP showed signs of upward momentum during September, making analysts optimistic about XRP’s gains in the fourth quarter. According to Bitwise, XRP is also planning to launch its own ETFs soon, as XRP recently filed an application with the state of Delaware. However, all these bullish expectations suddenly ended in vain as the US Securities and Exchange Commission (SEC) filed an appeal of a recent court ruling that favored XRP Ripple developers.
After this massive news, XRP is currently trading for $0.5218 with a huge decline of 10.55% during the day. As the volume of XRP is also increasing rapidly, investors appear to be taking profits before the token faces more legal troubles in the coming weeks. Even the daily chart of XRP/USDT has turned quite bearish as the token is expected to fall to the support trend line at $0.4305 soon.
Solana investors are showing confidence despite the recent pushback
Solana suffered a massive 9% drop in just two days after failing to break the $160 resistance level again. Since Solana has tested this level three times already, analysts expect Solana investors to start losing interest soon. However, despite the decline, Solana community sentiment remains upbeat due to innovative developments in the Solana ecosystem.
Solana is currently trading for $135.58 after a huge intraday drop of 7.62%. Right now, the only glimmer of hope left for Solana is the massive 46% increase in the volume of Solana dapps over the past seven days. If Solana can regain investor interest soon, Solana price could break above the $160 resistance level and test the $180 level before the end of 2024.
Rollblock Outperforms XRP and SOL in Q4 Bull Market
Rollblock may be a new altcoin in the hot DeFi market, but it’s already poised for a massive 800% rally by the end of its presale. Rollblock’s unique strategy of combining centralized and decentralized gambling features is attracting a huge wave of investors with the iGambling platform already raising over $4 million in record time. If this bullish hype continues into Q4, Rollblock is expected to outperform both XRP and SOL during the long-awaited swing season in Q4.
The main reason investors are rushing to acquire Rollblock’s native RBLK is the deflationary token economy. Since Rollblock is a community-backed token, it features an attractive revenue sharing model designed to give back to long-term Rollblock holders. Every week, Rollblock uses a significant portion of its profits to buy RBLK on the open market and uses these tokens to distribute staking rewards of up to 30% APY to existing holders.
As this buyback mechanism increases the demand for Rollblock on DEXs, the price of RBLK is expected to remain in a strict deflationary price trend. To make things even better, the maximum supply of Rollblock has been capped at 1 billion tokens which will lead to further scarcity-driven rises as the token gains traction in the DeFi space.
Aside from its native utility token, Rollblock is also seeing upward growth due to its huge collection of 7,000+ AI-powered casino games. Since Rollblock encrypts every financial transaction and trade on the immutable Ethereum blockchain, users can enjoy a completely safe and anonymous online gambling experience.
After recording a massive 200% rise during the pre-sale already, Rollblock has now entered the seventh phase of the pre-sale with a sale price of just $0.03 per token. With analysts already anticipating another surge in Rollblock’s price this week, investors are rushing to grab this viral presale before the tokens run out.
For more information, visit Rollblock pre-sale site Or join Online community.
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