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Solana’s gains vanish as Ethereum sees rising whale activity, while Rollblock gains traction amid market volatility.
Solana’s recent rebound was short-lived as Wednesday started on a bearish note, wiping out yesterday’s gains. Ethereum also continues to tread water, but this could change soon, as whale activity has started ramping up.
Meanwhile, web3 casino Rollblock emerges as a safe haven amid this market-wide volatility spike. With the crypto gambling narrative set for a major comeback later this year, and a massively successful presale phase, Rollblock is poised to become one of the biggest success stories of this cycle.
How Rollblock rewrites the crypto casino script
As the $450 billion gambling industry increasingly migrates online, community-backed crypto casino Rollblock is set to capture a significant cut of this market thanks to its ground-breaking GambleFi platform. By merging aspects of centralized and decentralized gambling, Rollblock provides a high-end casino experience secured by blockchain technology. This approach immediately sets Rollblock apart from other online casinos running on obsolete platforms. Users will enjoy near-instantaneous transactions across more than 20 major cryptocurrencies, including the native token — RBLK.
Rollblock’s smart contract has been certified by established auditor SolidProof, and the casino recently secured a license from Anjouan Gaming, ensuring its compliance with the latest regulatory requirements. The casino is already generating substantial revenue, and in December alone it recorded a massive $1.75 million in wagered bets.
Over 45,000 players are already enjoying the 7,000-game catalog, which includes a wide array of titles catering to all preferences. From all-time favorites such as roulette and poker to AI-enhanced exclusives and even live games, for those who want to experience the thrill of a Vegas experience from the comfort of their homes. Furthermore, Rollblock also introduced a sports betting feature, which led to a 600% surge in new registrations, positioning the casino as a driving force in the industry.
Aside from gaming, Rollblock can also double as an investment vehicle, allowing users to earn money while enjoying their favorite games. On a weekly basis, the casino will spend up to 30% of its revenue to perform open-market buybacks of the RBLK token. Of this amount, 40% is redistributed to holders as staking rewards. The remaining 60% is fed into a burn mechanism, reducing the total supply and priming the token for scarcity-driven growth.
Solana enters narrow trading channel after losing critical support
After a recent run to a new all-time high of $294, Solana (SOL) is now struggling as investors booked profits at the top. At the time of writing, Solana is trading at $231, following a 2.8% intraday decrease, bringing its total weekly losses to a considerable 10.5%. Solana’s volume also recorded a 39% decrease, with about $4 billion worth of SOL traded across platforms. This reflects diminishing market participation, as traders are adopting a more cautious approach until Solana’s price stabilizes.
Despite the short-term struggle, analysts are confident that once the dust settles Solana could re-enter an ascending channel. This thesis hinges on a series of technical indicators that have started flashing bullish signals, although further confirmation is needed. Solana’s 4-hour chart is forming a descending wedge, a typically bullish pattern, while the 1-hour chart suggests an imminent breakout.
Key resistance levels to watch are $246 and $264, with a major breakout target at $294. However, failure to hold above $231 could lead to a retest of $216 or even $195. The RSI shows bullish divergence, indicating that buyers may regain control, and if momentum is sustained, SOL could rally toward $330 by the end of February, based on Fibonacci extension projections.
Ethereum consolidates at lower levels, what’s next?
Ethereum’s reign could be in jeopardy as its price action continues to disappoint and even loyalists are migrating to other, more advanced Layer 1 platforms. After failing to sustain the $3,500 level, Ethereum’s price entered a descending channel, threatening a break below $3,000. As buyers stepped in, Ethereum finally stabilized around $3,150 recording nearly 10% in monthly losses.
As uncertainty rises, institutional investors are mitigating risk, which resulted in over $159 million in net outflows recorded over the last few days. On the other hand, whales are bidding heavily, taking advantage of the discounted prices. Several whales have accumulated over 10,000 ETH each in the past 24 hours, signaling a strong optimism in Ethereum’s long-term prospects. Trump’s World Liberty Financial expanded its Ethereum holdings by acquiring 3,247 ETH worth $10 million, bringing its total to 78,722 ETH valued at $257 million, though recent purchases are down 3.94%, resulting in a $5.12 million unrealized loss.
Why Rollblock could be the gen investors have been searching for
While both Ethereum and Solana could be in for significant gains once the trend shift, Rollblock has the advantage of a magnitudes lower market cap, which is synonymous with much greater growth potential in terms of raw gains.
Right now, RBLK is priced at just $0.052, and more than $9.6 million has been raised in the ongoing presale. By the end of the event, an 800% increase is expected and once RBLK is listed on all major exchanges, it could vastly outperform the rest of the market and see a legendary 100x price multiplier. Taking action today could be one of the best moves of 2025.
To learn more about Rollblock, visit the website and its socials.
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