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Cryptocurrency News Articles

GambleFi's Rollblock is disrupting the $500B iGaming market, attracting Solana and XRP whales in its presale, raising $4.2M

Oct 13, 2024 at 10:47 am

One reason, just one, is enough to turn heads in today's dynamic crypto sphere, and that's innovation. But the new GambleFi solution, Rollblock

GambleFi's Rollblock is disrupting the $500B iGaming market, attracting Solana and XRP whales in its presale, raising $4.2M

GambleFi's Rollblock is shaking up the iGaming scene with its presale, attracting Solana and XRP whales. The Web3 gaming solution, focused on revolutionizing the $500 billion iGaming market, has already managed to raise an impressive $4.2 million.

This development comes as major cryptocurrencies like Solana (SOL) and XRP are experiencing significant shifts in the market. Despite Standard Chartered's bold 400% prediction for SOL, the token has dipped 13% from its monthly high. Meanwhile, XRP continues to face bearish pressure amid its legal troubles and ETF filing.

Here's a closer look at how Rollblock's presale is impacting the crypto landscape.

One might wonder why Solana and XRP whales are flocking to the Rollblock presale. After all, SOL and XRP have their own massive communities and upcoming use cases. But a closer examination reveals three compelling reasons for this phenomenon.

1. GambleFi's Potential for 100x Gains:

While Solana and XRP are undoubtedly top crypto performers, their 400% and 700% gains, respectively, might not compare to GambleFi's astronomical 100,000% price increase potential by 2025. This staggering projection, fueled by the iGaming, Play-to-Earn, and Metaverse integration, is turning heads among SOL and XRP whales seeking the next big wave.

2. Rollblock's iGaming Solution Counters Flaws:

Solana and XRP are fundamentally strong layer 1 tokens, but their use cases don't directly address the flaws in the trillion-dollar gaming and betting industries. Rollblock, on the other hand, is laser-focused on tackling this issue by introducing blockchain's transparency, inclusivity, and regulatory compliance.

3. Rollblock's Revenue-Share Program:

Solana and XRP both have their native staking yields, but Rollblock takes it a step further with its revenue-share program. This program distributes a portion of the platform's revenue among token holders, creating an additional layer of passive income. Together with the staking yields, this multi-faceted approach has garnered massive support.

Now, let's put this development into perspective by examining how Solana and XRP are faring in the market.

Solana (SOL) Price Prediction: Standard Chartered Predicts 400% Increase by 2025

Solana's price action has been anything but dull in 2023. After kicking off the year with a 130% surge, SOL fiyatı has rallied another 40% to hit $27. But despite this impressive performance, SOL is still down 80% from its all-time high.

But if Standard Chartered's prediction holds true, Solana investors could be in for a wild ride over the next two years. The global banking titan has included SOL in its "conviction list," predicting a staggering 400% increase by 2025. This projection is based on the network's rapid technological advancement.

However, Solana has been facing a different kind of setback recently. As XRP and other tokens rally on the back of positive news, SOL has dipped 13% from its monthly high. This divergence is largely due to the massive shift in demand toward new Web3 gaming tokens like Rollblock, which is outpacing SOL at the moment.

XRP Price Today: Bearish Skew Persists as SEC Blocks Pro-XRP ETF, XRP Drops 10% to $0.52

XRP fiyatı has been on a rollercoaster ride in 2023. After kicking off the year with a 20% surge, XRP rallied another 40% last week on the back of Bitwise's Pro-XRP ETF filing. But just when XRP whales were preparing for an upside run, the SEC threw a curveball.

The regulatory body asked the court to deny the Pro-XRP ETF application, arguing that it could mislead investors. This news sent XRP tumbling 10% to $0.52.

To make matters worse, XRP's 7-day call-put skew, a measure of market sentiment, is currently sitting at -3.2%, indicating a strong bearish preference among options traders. This divergence in XRP's price action and technical indicators could be a cause for concern for XRP whales.

News source:crypto.news

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Other articles published on Dec 21, 2024