5 months ago
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Solana (SOL) has found stability after nearly a month of down-only price action. However, as the decline grew by a double-digit percentage, many high-profile Solana investors have started jumping ship and rotating capital into undervalued, low-cap plays that could potentially yield higher ROI.
One such outlier is the Ethereum-based GameFi powerhouse Rollblock, which has gained tremendous traction in the crypto gaming niche. Here’s what makes this project stand out and why it could outpace Solana as the cycle unfolds.
How Rollblock Redefines Crypto Gaming
In just a few months, the GameFi platform Rollblock has captured the attention of over 50,000 investors and its ongoing presale of the RBLK token is close to reaching $11 million in raised funds. The platform seeks to offer the thrill of a Vegas establishment while simultaneously providing unparalleled safety and transparency by leveraging blockchain technology, which immediately sets it apart from the competition.
Over 7,000 games from established developers await newcomers, ranging from blackjack and poker to novel AI-driven exclusives specifically designed for the Rollblock community. On top of this, Rollblock has also introduced a sports betting option, further expanding its already huge offering, providing a well-rounded, 360-degree experience
The novel revenue-share system is one of Rollblock’s most intriguing features and is powered by the native RBLK token. On a weekly basis, the platform will use up to 30% of its revenue to perform open-market buybacks of RBLK. 60% of the amount is burned, creating the perfect deflationary environment for sustainable long-term growth. The remaining 40% are awarded to holders who stake RBLK on the platform, allowing them to earn money on autopilot while playing their favorite games.
Solana Sees Significant Revenue Drop As Market Participants Take A Step Back
Solana’s ecosystem continues to lose liquidity, as on-chain data from DefiLlama shows steep declines in Total Value Locked (TVL), now sitting at $7.33 billion. This shows reduced market participation, as the growing uncertainty is taking a toll on investor sentiment.
Source: DefiLlama
Consequently, Solana’s revenue numbers have crashed, averaging around $600,000 a day, while previously was in the ballpark of multiple millions.
This dsruption is mainly attributed to Solana’s meme coin factory pump.fun, which has been funneling incredible returns back into the SOL ecosystem. However, the tune has now changed, with the meme space becoming a breeding ground for rug pulls, with shady players taking advantage of retail investors through coordinated pump-and-dump schemes. The most recent example is the Libra collapse, a meme coin endorsed by the Argentinian president Javier Milei, which crashed by over 90% shortly after launch.
At the time of writing, Solana sells for $139, following a modest 0.5% intraday increase, which does little to offset its 40% drawdown on the monthly timeframe. Although Solana managed to bounce off the $131 support, analyst IncomeSharks recommends cautiousness, as further turbulence could be in store.
Join The RBLK Presale Before The Next Surge
While Solana is facing headwinds, Rollblock is demonstrating surprising resilience, as its price continues to rise despite the bearish market climate.
Stage 10 of the presale is live and early buyers are already enjoying returns of 500%, making Rollblock one of the fastest growing cryptocurrencies this year. With tokens selling for just $0.06 and an amazing 50% bonus on all purchases, today is the perfect time to start building a RBLK position, as by the end of the presale the price is expected to rally by 800%.
Taking action today could lead to incredible gains, especially with the crypto gaming narrative set for a major resurgence later this year. Don’t miss out!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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