Analysts expect more gains for SOL but flag Arbitrum, Rollblock as strong competitors
Release: 2024/12/13 16:24 Reading: 638
Solana Bounces Back, Arbitrum Nears Key Levels, and Rollblock Emerges as a GambleFi Contender
Table of Contents
- Solana ETFs Face Roadblock as Gensler Rejects Applications
- Arbitrum Token Unlock Concerns Layer 2 Community
- Rollblock Introduces DeFi to Casino Sector with Blockchain Solutions
Solana ETFs Face Roadblock as Gensler Rejects Applications
Solana has recovered from its recent price drop, trading at $225 with a 5.5% gain in the last day. This resilience reflects the strength of the Solana ecosystem, which recently reached a new all-time high of $264. However, hopes for a spot Solana ETF have been dashed as SEC Chair Gary Gensler denied their approval in one of his final acts before leaving office. As a result, investors will have to wait until 2025 for such funds to potentially trade on Wall Street.
Arbitrum Token Unlock Concerns Layer 2 Community
Arbitrum has also experienced recent price gains, with a 5.6% increase bringing it to $0.99. The token is poised to surpass the $1 level as support, having bounced from a recent low of $0.84. In the past month, Arbitrum has surged over 57%, ranking among the top 40 cryptocurrencies on CoinMarketCap. However, concerns are raised regarding the upcoming unlocking of 92.6 million Arbitrum tokens on December 16th, which could lead to selling pressure and impact short-term price action.
Rollblock Introduces DeFi to Casino Sector with Blockchain Solutions
Rollblock (RBLK) addresses several challenges faced by the traditional casino industry, targeting a significant share of the $450 billion online gambling market. By utilizing the Ethereum blockchain, Rollblock ensures transparency in bets and transactions, eliminating concerns of manipulation. The platform offers a wide range of over 7,000 games, including classics like poker and roulette, as well as exclusive titles like Zeppelin.
The RBLK token serves as the native currency and is currently available for purchase in the Rollblock presale at $0.041. Through its revenue share scheme, the RBLK supply will gradually decrease over time, with 60% of platform buybacks burned weekly. The remaining 40% is distributed to community members, incentivizing holding due to staking rewards of up to 30%. This approach has led analysts to predict potential 50x growth for Rollblock in the coming months.
To learn more about Rollblock, visit their website and follow their social media channels.
Disclaimer: This article is not intended as investment advice. The content presented is purely for educational purposes. Readers should always conduct their own research and seek professional advice before making any financial decisions.
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