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XRP and Solana are encountering price drops, yet optimism persists for Q4. Meanwhile, Rollblock’s innovative GambleFi protocol is set to potentially explode 100x at its launch.
XRP and Solana are witnessing notable declines in their prices today, but the outlook for potential trend reversals in Q4 remains bright among investors. Despite this strong community optimism, the standout performer this week is Rollblock’s new GambleFi protocol, which is gearing up for a staggering 100x surge upon launch.
XRP faces renewed legal challenges with SEC appeal
In September, XRP was showing promising growth, leading analysts to project gains for XRP in Q4. According to Bitwise, XRP also plans to introduce its own ETFs, as it recently filed an application in Delaware. However, these positive predictions have turned sour following an appeal by the US Securities and Exchange Commission (SEC) against a court ruling that favored Ripple, the developers of XRP.
In response to this significant news, XRP is currently trading at $0.5218, reflecting a substantial intra-day drop of 10.55%. With XRP’s trading volume on the rise, investors seem to be taking profits ahead of anticipated legal complications in the coming weeks. The XRP/USDT daily chart’s bearish trend suggests that the token may soon test the $0.4305 support trendline.
Solana investors remain hopeful despite recent setback
Solana has experienced a drastic 9% drop within just two days after failing to overcome the critical $160 resistance level. Having tested this level three times, analysts believed that investor interest might wane. Nonetheless, Solana’s community sentiment continues to be positive due to innovative advancements within its ecosystem.
Currently, Solana is trading at $135.58, reflecting an intra-day decrease of 7.62%. The only source of optimism for Solana is the impressive 46% increase in the volume of dApps over the past week. Should Solana manage to rekindle investor interest soon, its price could break through the $160 resistance and aim for the $180 mark by the end of 2024.
Rollblock poised to outshine XRP and SOL in Q4’s bullish market
Even though Rollblock is a relatively new altcoin in the burgeoning DeFi landscape, it is already on track for an impressive 800% increase by the conclusion of its presale. The platform’s unique approach to merging centralized and decentralized gambling is attracting a considerable influx of investors, with Rollblock raising over $4 million in record time. If this bullish momentum persists through Q4, Rollblock is anticipated to surpass both XRP and SOL during the much-anticipated altseason.
The driving factor behind the rush of investors towards Rollblock’s native RBLK token is its deflationary tokenomics. As a community-driven token, Rollblock offers an appealing revenue-sharing model aimed at rewarding long-term holders. Each week, a significant proportion of Rollblock’s profits is utilized to buy back RBLK on the open market, allowing for staking rewards of up to 30% APY for current holders.
This buyback mechanism is expected to bolster demand for Rollblock on decentralized exchanges (DEXs), ensuring a deflationary price trend for RBLK. To further enhance the scarcity, Rollblock’s total supply is capped at 1 billion tokens, promoting more value-driven rallies as the coin gains traction in the DeFi sector.
Additionally, beyond its utility token, Rollblock is experiencing positive growth thanks to its extensive selection of over 7,000 AI-powered casino games. By encrypting every financial transaction and trade on the immutable Ethereum blockchain, Rollblock offers users a completely secure and anonymous online gambling experience.
With an astonishing 200% spike already recorded during presale, Rollblock has now progressed to stage 7 of its presale with a token price set at just $0.03. Analysts are projecting another price increase for Rollblock within this week, prompting investors to seize this trending presale offer before tokens are sold out.
For further details, visit the Rollblock presale website or join the online community.
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