Solana is coming for Ethereum’s market share as the Solana/ Ethereum ratio has never looked better. Meanwhile, early Rollblock ($RBLK) investors are watching their portfolios with delight as this crypto Casino powerhouse brings in huge revenue with its AI-powered blockchain offering. Let’s dive in!
Solana ($SOL) Ready To Cool After Fiery Rally To $176
Many Solana analysts are convinced it is only a matter of time before Solana displaces Ethereum as the second largest altcoin by market cap after the Solana/ Ethereum ratio recently hit new all-time highs. Solana/ Ethereum is currently trading at 0.070 after Solana has been on a rampage, adding 6% this week to bring its price above $176.
This is partly due to Solana being well placed to benefit from the recent AI meme coin frenzy, and the Solana MACD indicator is showing green bars above neutral on the daily time frame which indicates continuing positive momentum. The Solana RSI has recently entered overbought territory above 70, suggesting that the price may cool off here as Solana consolidates at these new levels.
Ethereum ($ETH) Stuck In The Mud At $2.5k… When Will It Break Out?
Ethereum is struggling to maintain any kind of bullish momentum this cycle and has seen its dominance fall to 13% while the Ethereum price has struggled to break $2.5k. An analyst at Foresight News recently suggested that this might be due to Ethereum doubling down on Layer 2 scaling solutions, which bleed value away from the main Ethereum chain.
In the last 7 days, Ethereum has lost 7.4% of its value as it fell in a straight line from $2.7k. A recent 29% spike in trading volume could see a relief rally for Ethereum soon, as founder Vitalik Buterin has recently unveiled his plans for ‘The Purge’ which is aimed to reduce complexity and data bloat on the Ethereum main net.
Rollblock ($RBLK) Accelerates As Thousands Are Drawn To This Web3 Casino Star
Rollblock ($RBLK) Is currently racing through stage 7 of its highly oversubscribed presale offering, as over $4.7 million has so far been pledged to this disruptive DeFi casino gem. Rollblock has made so many improvements to the existing $450 billion online gambling model it is difficult to know where to start:
Most importantly, Rollblock brings new levels of trust and transparency to this famously shady sector by immortalizing all transactions onto the Ethereum blockchain. This reduces any risk of bet tampering at a stroke.
Rollblock has a tremendous range of casino games already live and generating revenue, including poker, roulette, and slot machines as well as many other new launches.
RBLK is set for the crypto big leagues thanks to an innovative approach to tokenomics which will see supply come down consistently as casino profits are used to buy up the token on the open market each week. Of these coins, 60% are immediately destroyed (bringing down supply), while the remaining tokens are allocated to stakers who can earn a generous 30% on their holdings.
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