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Cryptocurrency News Articles
Rollblock (RBLK) Attracts 45,000 Early Investors as Solana, Near Protocol and Litecoin Crash
Feb 04, 2025 at 09:07 pm
Major projects like Solana, Near Protocol, and Litecoin are seeing significant sell-offs as the market enters a bear run. This comes following the introduction of new tariffs in the U.S. which could influence global trade.
Major cryptocurrency projects like Solana, Near Protocol, and Litecoin are seeing significant sell-offs as the market enters a bear run. This downturn comes following the introduction of new tariffs in the U.S. which could influence global trade.
However, data from the presale reveals that many investors are shifting their capital into Rollblock’s presale to hedge against further fluctuations. The protocol is gaining traction in the GambleFi space and has seen a massive 420% increase during its presale. Here’s why experts believe it could outperform Litecoin, Solana, and Near Protocol in 2025.
Rollblock Surges 45,000 Early Investors Despite Casino Fraud
The traditional casino industry generates over $450 billion annually, yet it is still plagued by fraud. According to data, over 9% of all iGaming involves some form of manipulation. One common scam is information tampering, where casino operators can rig games to ensure players never win.
Rollblock is changing this with blockchain technology. The protocol offers over 7,000 games, live dealers, and sports betting – all entirely on-chain. Every outcome is encrypted and recorded on the Ethereum blockchain, making tampering impossible.
To reinforce trust, Rollblock operates under a full e-gaming license issued by the Anjouan Gaming Authority. Additionally, its smart contracts have passed a SolidProof audit, confirming there are no hidden backdoors or manipulative functionalities.
This commitment to transparency has made Rollblock a popular choice for players and investors. The platform registered a 600% spike in deposits and signups in December.
Rollblock’s Native Token (RBLK) Surges 420% During Presale
RBLK is the native token of the Rollblock ecosystem, serving multiple roles for players and investors. It is used for governance, staking, and various other functions. One of its utilities lies in its revenue-sharing model, which provides a passive income opportunity.
Rollblock allocates up to 30% of its revenue to buy back RBLK from the open market. It then burns 60% to decrease supply and uses the remaining 40% as staking rewards.
Currently priced at $0.052, analysts believe RBLK could be the first 100x token of 2025. This makes it one of the sought-after tokens on the market.
Litecoin Crashes 45% From Yearly High
After hitting a yearly high of $147.06, Litecoin has dropped 45% but remains above key support at $100. Despite the decline, Litecoin has shown resilience, bouncing off diagonal and horizontal support.
Litecoin continues to trade inside a descending parallel channel, with a potential breakout targeting $187.49. However, technical indicators like the RSI and MACD show bearish momentum, suggesting a risk of further downside.
If Litecoin fails to break out, it could retest support at $70. While uncertainty remains, price action favors an upside move if bullish momentum strengthens.
Near Protocol Traders Eye $8 This Year
Near Protocol dropped 23% last week, hitting a low of $2.80 before rebounding above the $3.50 resistance level. Despite the dip, the token remains up 23% over the past year, supported by strategic partnerships and major technological milestones.
Developer activity on the network is increasing. The “7 Days to Become a NEAR Protocol Data Wizard” initiative is attracting both beginners and experienced users, making smart contract integration and DeFi adoption easier than ever.
Additionally, the launch of the Aurora Cloud Console provides developers with a free platform to build custom blockchains. This move strengthens Near Protocol’s position as a top Web3 development tool and is drawing strong interest from investors.
With these advancements, analysts predict Near Protocol could regain momentum in the coming weeks. If market conditions remain favorable, NEAR could climb to $8.21 in the near future.
Solana Drops Below $200 For The First Time This Month
Solana has dropped below $200, mirroring Bitcoin’s decline under $100K, which triggered a broader selloff across the altcoin market. Over the past three days, $365 million in spot market outflows have further pressured Solana, reflecting weakening demand and increasing uncertainty.
This shift in sentiment is evident in the long/short ratio, which currently stands at 0.93, indicating more traders are betting against Solana. Additionally, the Chaikin Money Flow hovers near the zero line, confirming strong sell pressure and a lack of fresh capital inflows.
If this trend persists, Solana could slip further to $187.71, testing key support levels. However, renewed buying interest could shift momentum, pushing the price back toward $229.03 and invalidating the bearish outlook.
Can Rollblock Deliver Another
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