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Although XRP and Solana are facing price declines, there remains an optimistic outlook for the fourth quarter. Meanwhile, Rollblock’s new GambleFi protocol could surge 100x at launch.
Although XRP and Solana are currently experiencing significant price declines, investors remain optimistic about the possibility of a trend reversal in the fourth quarter. Despite this strong community sentiment, the biggest gainer this week is still Rollblock’s new GambleFi protocol, which is expected to gain a massive 100x on launch day.
XRP faces another legal battle with SEC appeal
XRP has shown signs of bullish traction during September, and analysts were optimistic about XRP’s fourth-quarter rally. According to Bitwise, XRP also plans to launch its own ETF soon, having recently filed an application with the state of Delaware. However, all these bullish predictions suddenly came to nothing as the US Securities and Exchange Commission (SEC) filed an appeal against the court’s recent ruling in favor of XRP developer Ripple.
Following this big news, XRP is currently trading at $0.5218, a significant intraday drop of 10.55%. XRP volumes are also increasing rapidly, so investors appear to be locking in profits before the token faces further legal issues in the coming weeks. Even the XRP/USDT daily chart is completely bearish as the token is expected to plummet to the $0.4305 support trend line soon.
Solana investors express confidence despite recent rejections
Solana suffered a massive 9% drop in just two days after failing to break through the key $160 resistance level again. Solana has already tested this level three times, so analysts expected Solana investors to start losing interest soon. However, despite the decline, Solana community sentiment remains bullish due to innovative developments in the Solana ecosystem.
Solana is currently trading at $135.58 after a significant intraday drop of 7.62%. For now, the only silver lining for Solana is that its dApp volume has skyrocketed by 46% in the past seven days. If Solana can regain investor interest soon, Solana’s price could surge above the $160 resistance and test the $180 level by the end of 2024.
Roll Block Outperforms XRP and SOL in Q4 Bull Market
Rollblock may be a new altcoin in the trending DeFi market, but it is already poised for a massive 800% rally by the end of the presale. The iGambling platform has already raised more than $4 million in record time, and Rollblock’s unique strategy of combining centralized and decentralized gambling features is attracting a large wave of investors. If this bullish hype continues in Q4, Roleblock is expected to outperform both XRP and SOL during the highly anticipated alt season in Q4.
Deflationary tokenomics is the main reason why investors are rushing to acquire Roll Block’s native RBLK. As Rollblock is a community-backed token, it features an attractive revenue-sharing model designed to reward long-term holders of Rollblock. Each week, Rollblock uses a significant portion of its profits to purchase RBLK on the open market and uses these tokens to distribute staking rewards of up to 30% APY to current holders.
This buyback mechanism increases the demand for roll blocks on the DEX, so we expect the price of RBLK to remain in a strictly deflationary price trend. To make things even better, Rollblock’s supply is capped at 1 billion tokens, which will cause more scarcity-driven rallies as the token gains traction in the DeFi space.
Apart from its native utility token, Rollblock has seen strong growth thanks to its huge selection of over 7,000 AI-powered casino games. Rollblock encrypts all financial transactions and transacts on the immutable Ethereum blockchain, allowing users to enjoy a completely secure and anonymous online gambling experience.
After already recording a massive 200% increase during the pre-sale, Rollblock is currently in stage 7 of the pre-sale with a sale price of just $0.03 per token. Analysts are already predicting that Rollblock’s price will rise again this week, so investors are rushing to get their hands on this viral pre-sale offer before the tokens run out.
For more information, visit the Rollblock presale website or join our online community.
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