Rollblock Has Sold Billions of Tokens in Its ICO That’s Still Drawing the Interest of Shiba Inu and Solana Owners

Retail Investor Interest and Shibarium are Key in Shiba Inu’s Future Growth. Solana’s Declining Transaction Fees Signal Weakening Demand.

Shiba Inu and Solana owners are still showing interest in Rollblock, which has already sold billions of tokens in its ICO.

Shiba Inu investors are counting on rising retail interest and Shibarium for future growth

Shiba Inu has had a turbulent year so far. After a strong bull run in March, investors saw a large drop that wiped out much of those gains. Trading at approximately $0.00001765 on Coingecko, Shiba Inu has seen a 68% increase in value since the beginning of the year and several analysts think SHIB could do better in the long term. Notably, popular X user Zack Humphries suggests a potential 10x pump from current levels could set a new all-time high.

Such a dramatic rally will need various factors to take place, like more retail investor interest. A further bullish element is the development of Shibarium, a layer 2 scaling solution for Shiba Inu’s ecosystem. According to Humphries, Shibarium could enhance the burning program and introduce new utilities, potentially drawing in more crypto investors to Shiba Inu.

Solana's declining transaction fees signal weakening demand - 10X Research suggests considering a short position on Solana

Solana is trading at $162.17, reflecting a 1% decline in value over the past 24 hours. Despite its reputation for high-speed transactions, recent trends have raised some concerns. Notably, transaction fees on the Solana network have decreased significantly, falling from $5 million in late October to just $2.5 million now. For investors, this decline in fees could indicate diminishing demand, which historically tends to negatively impact token prices. This bearish signal has led 10X Research to suggest that a short position on Solana may be prudent in the near future.

The upcoming U.S. elections may also have a substantial influence on the crypto market. Analyst Thielen points out that a victory for Kamala Harris could reduce the likelihood of U.S.-based ETFs tied to alternative assets like Solana being approved, potentially resulting in a sharp price drop for SOL—estimated at around 15%. Conversely, if Trump wins, the outlook for Solana could improve, as his administration is generally viewed as more crypto-friendly, fostering optimism that could positively affect Solana’s price.

Rollblock is poised for a bull market surge with 1,000x gains - Get in on the limited-time 50% bonus offer for all token purchases

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