BNB’s resilient growth over the weekend easily surpassed Solana’s recent bullish momentum. Even with the upcoming US Fed meeting causing investor anxiety, Rollblock’s new GambleFi protocol is soaring through stage six of its presale, with early investors up by 160%.
Solana (SOL) Derivatives Show Bears Betting on a Price Decline
Last week, Solana recorded the highest number of daily active addresses in blockchain history with over 5 million users. As a result, Solana’s price hit a 14-day peak of $139 on Friday before the bears triggered a 5% plunge over the weekend. At press time, Solana was trading at $131.11 with an intra-day decline of 3.64%.
Despite Solana’s recent rally and bullish sentiment, Solana bears are now wagering $150 million on a potential price decline in the next few days. This shows strong bearish dominance in Solana’s derivative market as there’s a 26% imbalance between SHORT and LONG contracts. If the US Fed increases interest rates as expected, Solana’s downtrend is expected to continue in the next few weeks.
BNB (BNB) Gains Investor Confidence with Resilient Growth
Even when Solana’s price saw a pullback over the weekend, BNB held its ground by closing above the $550 level on two consecutive days. BNB’s price also reached a 20-day peak of $561 on Sunday, with BNB’s Open Interest surpassing the $540m mark. With this bullish sentiment, speculative traders have already invested over $82 million in BNB over the past week, with BNB’s volume surging by 35.21%.
For now, BNB is trading at $546.33 after a minor intra-day plunge of 1.53%. If the current buying pressure holds, BNB’s price could continue consolidating above the $542 level. In case the US Fed cuts interest rates, BNB could clear the $560 resistance to experience a rapid climb above $600 in the upcoming weeks.
Rollblock’s (RBLK) Recent Price Surge Triggers Bullish Pressure
Rollblock’s presale stage six has been a skyrocketing success, with nearly 65% of tokens sold out in record time. Over the last few days, Rollblock’s price hit a new all-time high of $0.026, which has triggered yet another bullish rally for this rapidly growing DeFi altcoin. As Rollblock’s revolutionary GambleFi protocol continues to attract both savvy traders and high rollers, analysts are already tipping at another price surge within the next few days.
The reason why Rollblock has quickly become one of the hottest presale offers of 2024 is a unique combination of decentralized and centralized gambling with the latest blockchain technology. Since Rollblock is already licensed and regulated by Solid Proof and Gaming Curaco, all 150+ casino games on Rollblock are fully backed on Ethereum’s casino. This means bets cannot be altered once they are placed, and users can view completely transparent betting histories whenever they wish.
Aside from having play-to-earn features, Rollblock’s native $RBLK is a utility token that offers long-term sustainability. Through a weekly buyback mechanism, Rollblock repurchases $RBLK tokens on the open market using its casino revenue and distributes them to long-term holders as staking rewards with up to 30% yield. This means traders can become liquidity providers in Rollblock’s ecosystem and earn a risk-free passive income on a weekly basis.
Considering its potential, Rollblock’s current selling price is a massive steal for savvy traders focused on short-term and long-term gains. As Rollblock prepares for its official launch, analysts believe this new GambleFi token could become the next 100x crypto by the end of 2024.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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