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Rollblock, the new altcoin featuring a unique revenue share model has caught the attention of Solana and Dogecoin investors.
In the constantly growing world of cryptocurrencies, a new altcoin is making waves: Rollblock (RBLK). With high returns for its investors, Rollblock’s strategy has attracted many investors, including those who seek higher returns from the top altcoins in the market, such as Solana (SOL) and Dogecoin (DOGE).
Solana extends consolidation: Next price move?
As this bull cycle began, Solana (SOL) was one of the top altcoins to watch, but at the time of writing it is in what appears to be in consolidation. The current price of the SOL altcoin has not changed much and the bulls and bears are equally balanced in the market.
Solana has been trading in the range of $158 to $173 for the past two weeks. Recently, the 50-period moving average crosses below the 200-period moving average, a bearish signal in the technical analysis also known as a ‘death cross.’ This means that in the short term, the Solana price could continue to decline, with support at the $120 level.
Dogecoin drops to $0.13 region as bullish momentum wades
Ever since Dogecoin (DOGE) hit its December 2021 levels in April, it has been in a downward trend. Per the data recorded, it reached its yearly peak of $0.230 on April 1 at the time when the entire market was rising, but the price of Dogecoin has not been able to rally and post any form of bullish pressure.
The recent surge in whale activity around the meme coin failed to spark a comeback, as Dogecoin recorded a sharp decline over the last week. If Dogecoin bulls fail to hold the support level at $0.130, a breakdown to $0.120 or possibly $0.100 could happen. Amidst this poor market outlook, Rollblock has emerged as one of the altcoins to watch because of its unique revenue share model.
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Investors turn to Rollblock for its revenue sharing model
Rollblock (RBLK) is a new project that has been gaining attention as one of the best altcoins to invest in because of the unique revenue sharing model it possesses. The Rollblock team has announced that up to 30% of the weekly revenue it generates will be used to buy back RBLK tokens from the open market.
Half of the RBLK the team buys will be burned to strengthen the altcoin while the other half will be used to reward those who stake RBLK tokens. Rollblock offers an APR of up to 30%, greater than what many of the top altcoins offer. Because this revenue sharing model strengthens the value of RBLK while rewarding RBLK holders, RBLK has been in high demand in the market.
In the last few weeks, over 90 million RBLK has been bought by investors, helping Rollblock raise over $750,000 in its cryptocurrency ICO. Another reason why Rollblock is slowly but steadily becoming among the best altcoins to invest in this year is because of its market potential. This project has developed an online casino that has advantages over conventional casinos in terms of transparency, safety, and expandability.
Rollblock being in a $450 billion market gives it a lot of opportunities to grow. As more people join the platform, RBLK, the native token of the platform is expected to rise meteorically. While RBLK is currently priced at $0.014 in the third round of the ongoing cryptocurrency ICO, the projections of a rally to highs between $1 and $2 have caught the attention of Solana and Dogecoin holders.
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Conclusion
Due to the lack of bullish action in Solana and Dogecoin, investors are transferring their assets to the more prospective Rollblock. In addition to the fact that RBLK holders can get up to 30% APR, the project’s model in the $450 billion market opens up even bigger growth potential for the token than DOGE and SOL, a bigger reason to join the project now.
For further information about Rollblock, visit the official presale website or join the online community.
Read more: Crypto price predictions: Litecoin, Rollblock and Polygon
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