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Cryptocurrency News Articles
Solana (SOL) is poised for 400% growth if Trump wins
Oct 13, 2024 at 10:00 pm
Following its strong bullish trend, there have been numerous SOL price predictions hinting at the coin reaching $200 from its current price of around $140 by the year's end.
As Solana (SOL) continues to experience a strong bullish trend, there have been numerous SOL price predictions hinting at the coin reaching $200 from its current price of around $140 by the year's end. In a recent interview, Geoff Kendrick, a digital asset research executive at Standard Chartered, strongly opined that Solana could experience a massive price uptrend of up to 400% if Donald Trump wins the November US elections. He believes Trump’s pro-crypto initiatives will lead to the approval of Solana spot exchange-traded fund (ETF), which will increase the token’s demand and price.
Kendrick bases his analysis on the fact that the US Securities and Exchange Commission (SEC) has already approved several Bitcoin and Ethereum ETFs, but none for other digital assets. He believes that the next administration will play a crucial role in determining the fate of other crypto ETFs, including Solana.
“If Trump wins, I can see Solana being approved for a spot ETF in the next six months, which will drive the token’s price up by at least 400%,” said Kendrick.
However, if the elections go the other way and Kamala Harris becomes the next US president, Kendrick believes the market will swing to other crypto assets. The Standard Chartered research exec particularly singled out Bitcoin and Ethereum to outshine Solana if the Barack Obama-backed Democratic Party candidate comes out as the election winner.
“Don’t get me wrong, Bitcoin will experience a massive price increase under any administration. I can see BTC being worth $200,000 by the end of 2025, outperforming other top cryptocurrencies like Ethereum,” added Kendrick.
Despite the bold claims by the Standard Chartered executive, there are no guarantees that the SOL price will amass a 400% increase by the end of the year. That's why investors are turning to Rollblock as the best alternative to SOL. The new altcoin has already raised capital of over $4.2 million, and the token price is set to rise again soon.
Here's what makes Rollblock a better investment than Solana in 2024:
1. Profit Sharing: Unlike Solana, which doesn’t offer investors any share of the operator’s profits, Rollblock operates a profit-sharing model. Investors in the RBLK token will earn passive income from the operator’s total profits.
2. Staking Rewards: In addition to the operator’s profits, investors can also earn staking rewards. The more tokens you stake, the higher your potential earnings from staking.
3. Buyback and Burn: A portion of the operator’s profits will be used to buy back RBLK tokens from the open market. These tokens will then be burned, reducing the total supply and increasing the scarcity of the token.
4. Maximum Supply: There will only ever be 1 billion RBLK tokens in circulation. This maximum supply will create a scarcity that will influence the future price of the token.
From a player's perspective, Rollblock’s online casino is a player’s heaven. The anonymous gambling site offers over 7,000 games, and more importantly, no-KYC gaming, allowing players to instantly register and play games without divulging sensitive details. So, Rollblock offers a balance between players and investors.
While Solana whales and investors will be hoping for the 400% increase, Rollblock is poised for a 25x growth over the coming months. The new altcoin is trading at $0.031 in the seventh stage of its presale, making it an affordable investment choice for diversification.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
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