Rollblock is a new entry in the booming online gambling space that has caught the attention of both crypto investors and high rollers with its DeFi-powered platform. Its presale has quickly gained viral status with nearly $10 million raised in record time, while over 45,000 players are already enjoying the massive 7,000-game roster.
As the bull market is ramping up, analysts expect this newcomer to deliver returns that could outpace the performance of many established majors, including Ripple (XRP) and Solana (SOL).
Rollblock’s Formula Looks To Overhaul A $450 Billion Industry
Rollblock is a GambleFi protocol that seamlessly integrates aspects of DeFi and TradFi gambling, offering users a Vegas-level casino experience supported by a state-of-the-art blockchain framework. All issues of security and transparency typical of old-guard platforms running on obsolete platforms are solved at once, as every transaction is easily traceable and immune to tampering.
Players will have 7,000 games developed by industry-leading studios that cater to every taste. From blackjack to poker, from roulette to novel AI-enhanced games, Rollblock has something for everyone. A sports betting platform has also been introduced, allowing users to bet on their favorite events and tournaments across all major leagues, including UFC, NFL, and NBA.
In addition to this, users will reap monetary rewards on autopilot by staking their RBLK token. To sustain this, Rollblock will reinvest up to 30% of its weekly revenue to conduct open market buybacks of RBLK. 40% of this amount is distributed to holders, while the remaining 60% is fed into a burn mechanism, reducing the total supply and priming RBLK for sustainable price surges.
Will Solana See Further Declines?
The recent market-wide disruption has further exacerbated Solana’s downtrend that began shortly after SOL peaked at $293. At the time of writing, Solana (SOL) trades at $236 following a 5.4% intraday increase. With a strong rebound from the $222 support, the worst seems to have passed for Solana, but caution is advised as uncertainty is still high.
Short-term indicators are still bearish across the board, as Solana’s Open Interest (OI) dipped by over 4% and currently sits at $3.5 billion. The 4-hour RSI is at 43, and while it’s inching upward at the time of writing, bearish confluences are lining up, with the Solana price moving below the 50 and 200-day moving
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Author: Crypto Daily