Analysts Notice Profits Rotating From Solana Memecoins
As Utility Tokens
Wormholeand Rollblock
Skyrocket
Analysts Notice Profits Rotating From Solana Memecoins As Utility Tokens
Wormhole and Rollblock Skyrocket
by Bitcoinist
13 mins ago
in Press releases
0
Analysts are observing a notable shift in profits from Solana-based memecoins
to utility tokens like Wormhole (W) and Rollblock (RBLK) . These altcoins have
experienced a sharp rise, attracting investors seeking long-term value.
Rollblock s deflationary model and Wormhole’s cross-chain bridging
capabilities are driving investors’ appeal, making them standout options for
those looking beyond short-term memecoin trends. Let’s examine why the market
is more focused on these utility-driven projects than Solana (SOL).
Solana (SOL) Falls To Its Lowest Point In Weeks
Solana (SOL) continued its downward trend for the fourth consecutive day as
the crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта plunged again. The fifth-largest cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта fell to $135
today, its lowest point in over 3 weeks, signaling a 16% drop from last
week s high.
The current sell-off has also affected Solana-based meme coins. Tokens like
Dogwifhat (WIF) have seen three days of consecutive losses, while others such
as Popcat (POPCAT), Cat in a Dogs World (MEW), and Book of MEME (BOME) have
also declined. CoinGecko reports that the market cap of all Solana meme coins
fell by 7% to $7.8 billion.
Solana is nearing the 50% Fibonacci retracement level, and its 200-day and
50-day Exponential Moving Averages are close to forming a death cross. This
bearish signal could trigger more selling, with the initial target at $121.65.
A break below this level would confirm the bearish trend, leading to further
declines.
Wormhole (W) Climbs 13% In The Last 7 Days
Wormhole (W) trades at $0.3457, surging by over 13% in the past 7 days, and
reaching a high of 58% in the past month. However, the rally faces resistance
from a descending trend line on the 4-hour chart. Despite briefly breaking
above $0.3760, Wormhole lost support at this level, and there is now a risk of
the price testing $0.3205 in the coming hours. If it breaks below this,
Wormhole could drop further to $0.28.
Alternatively, if buyers see the current price as a good entry point, the
bearish outlook may be invalidated. In that case, Wormhole could challenge the
descending trend line again. If it surpasses this barrier, it may push beyond
$0.3760 and aim for $0.4168.
Rollblock (RBLK) Presale Surges as Early Buyers Earn 200% Returns
Rollblock (RBLK), a new crypto casino, has been gaining attention for months
with its GambleFi solution. This platform blends a high-end casino experience
with a smart contract-backed iGaming system, offering users passive income
opportunities.
Rollblock’s recent growth estimates are driven by its large player base and
the vast potential of the $500 billion global gambling industry. Unlike
traditional online casinos, which often have lengthy registration processes
and high conversion fees, Rollblock allows players to start gaming immediately
after signing up. They can use 20 different cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта to play, thanks
to blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн technology, which provides fast, anonymous, and seamless access
to thousands of the industry’s top games. Additionally, Rollblock offers
generous deposit matching for new players and hosts a continuous array of
events and giveaways.
What makes Rollblock particularly appealing to investors is its regulatory
compliance. This gives the platform stability and resilience and users trust
that it can survive. Additionally, it lets them contribute to building a
decentralized finance (DeFi) community and produce passive income. Weekly
revenue shares and attractive staking yields are some of the other offerings
available to $RBLK holders.
The platform has attracted thousands of investors and generated over
$4,000,000 in funds. With the token now priced at $0.03, early owners have
seen a 200% increase in their initial investment. Forecasts of a 100x price
projection for $RBLK show that the token might hit $1 before the end of 2024.
If the $RBLK presale maintains its current rate of player growth and
retention, it is poised for significant expansion as players abandon their old
online casinos for the next-generation experience offered by Rollblock.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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