Cardano whales transition to Solana and Rollblock amid market recovery

Cardano whales are migrating to Solana and Rollblock amid a market uptrend, driven by the recent bullish momentum and impressive performance of these emerging tokens.

The crypto market is gradually picking up from an extended bearish momentum, with most cryptocurrencies undergoing price resurgence from the general altcoin market to AI and Big Data crypto coins.

While top crypto coins like Solana (SOL) have shown positive signs with a sharp uptrend, it has drawn investors’ attention from other tokens like Cardano (ADA) which have shown very little tendency for a price rally. Meanwhile, Rollblock (RBLK) is another new market entrant stealing the spotlight as it exhibits impressive presale performance.

Crypto whales are dumping Cardano tokens

Despite predictions for a price surge and ongoing market revitalization, Cardano is yet to show significant signs for a massive price surge. Unlike Solana which has recorded a nearly 10% increase in the past week, The Cardano native token ADA has barely maintained a consistent price trajectory in the past week.

Aside from an occasional price bump sometimes during the past week, the ADA price trajectory has mostly maintained relative stability. In fact, the majority of ADA price ascension happened earlier in the month when the token reached a peak price of $0.52 before descending to a low of $0.42 on two occasions. 

Currently trading within a weekly price range of $0.46 and $0.48 which reflects a modest 4% increase, market analysts and whales are becoming impatient as they tilt toward more profitable tokens like Solana and Rollblock.

Solana token resumes uptrend amid market revitalization

Solana network is back to making headlines after a major bump in the price of the native SOL token over the past week. Following a noticeable decline to approximately $133 earlier this month, the SOL token has regained momentum and is currently on a bullish trajectory.

Currently trading within a weekly price range of $152 and $168, the Solana price has witnessed over 10% increase in the past week and over 25% in the past month. While this price resurgence reflects a growing optimism in the top crypto coin, it has also attracted crypto whales from other crypto coins like Cardano.

Rollblock’s rapid progression to the second presale phase

The ongoing market resurgence has further shined a light on Rollblock in the presale market. Barely a few weeks into the commencement of its presale campaign, Rollblock has swiftly progressed to the second phase, highlighting the growing interest in the new GambleFi protocol and the native RBLK token. Notably, RBLK price has surged by 20%, increasing from an initial price of $0.01 to $0.012. It is set to increase by over 720% in the presale alone.

However, Rollblock’s appeal lies in its ability to address key challenges inherent in traditional online casinos. Particularly, Rollblock carved out a new niche as a GambleFi protocol which essentially introduces blockchain elements including cryptocurrency in online casinos. As a decentralized network, Rollblock eliminates such issues as lack of transparency, security of funds or even regional restrictions typically imposed by stringent KYC processes.

For instance, Rollblock introduces a seamless registration process, allowing participants to engage in its Casino Arena without the need for any KYC verification, or additional downloads. In addition to that, Rollblock adopts a unique revenue share model that sets aside up to 30% of the platform’s revenue on a weekly basis, of which 50% of the tokens are burned and the remaining 50% is used for staking rewards.

With few more stages to go, RBLK’s current price at $0.012 offers a good entry point for those seeking the leading crypto coin to buy in the online gambling market, especially as it is expected to grow from $540.3 billion in 2023 to $744.8 billion in 2028 at a rate of 6.6%.

Conclusion

While analysts have predicted incoming surges for Solana in the altcoin market, Cardano is yet to show signs of a major price resurgence. Meanwhile, Rollblock has proven to be a mainstay in the presale market with the rapid sell-out of its initial phase. Besides, Rollblock has carved out a niche as a GambleFi protocol, which not only makes it a frontrunner but also positions it for accelerated growth.

To learn more, visit the Rollblock website and check out its socials.