Solana and Injective are rolling out new upgrades to regain investor confidence, but both tokens haven’t recorded any significant price actions lately.
Meanwhile, Rollblock’s new GambleFi protocol is experiencing a huge influx of new investors ahead of Q4’s bull market – all thanks to the token’s deflationary tokenomics and Ethereum-backed security.
Can Solana (SOL) Sustain Upward Trend?
Solana’s price declined by 3.69% over the last seven days, indicating decreased investor interest. However, Solana’s community sentiment has now turned bullish as analysts believe Solana’s price could reach a new high of $330 before the end of Q4.
Solana is currently trading for $150.69 after a 3.25% intraday increase. Since Solana’s volume has also increased by a massive 127.74% over the last 24 hours, investors appear to be regaining confidence in Solana’s growth.
Even with this increased Solana adoption, a majority of SOL holders still have short positions on the token. If profit-taking ensues, Solana’s current gains would be wiped out as the token’s price could plunge to the nearest support at $128.07.
Injective (INJ) 3.0 Update Fails to Attract Bullish Momentum
Injective recently started the first phase of its Injective 3.0 upgrade that focuses on continuous token burns. By taking Injective tokens out of circulation, this DeFi blockchain aims to increase each INJ token’s price. Although Injective was also recently selected to join the Tokenized Asset Coalition group that focuses on speeding up the growth of real-world assets and institutional DeFi, Injective is failing to attract any significant bullish momentum.
Injective is currently trading for $21.27 after a 3.70% intraday increase. Since Injective’s volume has also increased by 92.27% over the last 24 hours, Injective appears to be regaining investor confidence. However, unless Injective breaks above the 200-day Simple Moving Average at $23.85, the token is unlikely to record any significant gains.
Rollblock’s (RBLK) Deflationary Tokenomics Attract Huge Influx of Investors in Presale Stage 7
Rollblock’s new GambleFi project combines decentralized and centralized gaming experiences to offer a revolutionary crypto-native casino, making it the hottest ICO of the year. Within a few months of its presale launch, Rollblock has managed to attract more than 15,000 early investors who have helped the project raise over $4.41 million.
The real reason behind this extremely bullish growth is Rollblock’s native $RBLK token. Aside from powering the Rollblock ecosystem, the $RBLK token also offers long-term utility, scalability, and sustainability to investors. With Rollblock’s revenue-sharing mechanism, $RBLK holders can receive a weekly passive income through staking rewards with up to 30% APY. Since these rewards are distributed through an open market buyback mechanism, Rollblock’s demand is expected to exceed the capped supply of 8 billion tokens, making the token’s price highly deflationary over time.
Aside from offering huge gains, Rollblock is also revolutionizing the $500 billion global gambling market with its Ethereum-backed casino. Instead of relying on subpar security protocols, Rollblock’s casino provides complete surety against third-party manipulation, bet fixing, and data leaks. Since Rollblock also boasts a unique no-KYC policy, users can maintain their anonymity whilst enjoying more than 7,000 AI-powered casino games.
Even with these impressive features, Rollblock is still selling tokens for a low price of only $0.03 during stage 7 of its presale. As the broader crypto market heads into Q4’s bull run, Rollblock is expected to deliver up to 800% gains before the end of its presale alongside a massive 100x rally post-launch.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://rollblockpresale.io/
Socials: https://linktr.ee/rollblockcasino
