Home Community Insights Solana Jockeying With Ethereum, Says Glassnode. Where Does Rollblock Stand In This?

Solana Jockeying With Ethereum, Says Glassnode. Where Does Rollblock Stand In This?

Solana Jockeying With Ethereum, Says Glassnode. Where Does Rollblock Stand In This?

Solana (SOL) and Ethereum (ETH) are two of the biggest cryptocurrencies in the altcoin market. Both ETH and SOL are major contenders in the decentralized finance (DeFi) ecosystem, supporting developers and investors looking to access the various opportunities within the space. Similarly, a recent Glassnode report suggests SOL is struggling against ETH despite its better year-on-year (YOY) increase.

However, a new token called Rollblock has been in the mix with its ongoing presale, which has raised over $7.4 million. The casino token is poised to be a top crypto in the coming months. Let’s find out why.

Rollblock set to outshine top altcoins

While ETH and SOL suffer from the broader realities of the crypto market, Rollblock has only been moving upward since its presale began. The new casino project has raised over $7.4 million during its presale, showing signs of massive investor interest. Moreover, Rollblock has been in the news for its revolutionary GambleFi project that combines elements of online gambling with decentralized finance (DeFi).

First, there is a massive gaming lobby containing hundreds of casino games. This gives active players the chance to play their favorite games for potential real-money winnings. These players can also enjoy various perks, including VIP bonuses and rakeback offers (daily, weekly, and monthly).

On the investor side, early adopters can enjoy incredible rewards like a portion of the casino’s weekly revenue through its revenue-sharing system. They also get access to its staking opportunity, which rewards token holders with up to 30% APY. The RBLK token serves these various use cases within the Rollblock gaming ecosystem.

Solana faces stiff challenge from Ethereum despite its gains

Solana was created to be a leading “Ethereum Killer” and the strong competition has been evident in their recent performances. Looking at their price performances, the SOL price has surged by over 130% in the past year, while the ETH price moved up by over 40% within the same period.

However, Glassnode, an on-chain analytics company, believes SOL is still struggling against ETH, its major competitor. The SOL price has been declining recently compared to the ETH price, which has maintained decent bullish momentum. For context, SOL has decreased by around 23% in the past month, while ETH has a decent 3% uptick.

Ethereum price declines after FED rate decline

The ETH price is currently in the green zone following the early December rally. The Ethereum price crossed the $4K zone on December 6, causing speculations that the altcoin would surpass its 2021 all-time high price of $4,878. However, ETH price is around the $3,400 mark.

The current drop in price is a reflection of the broader crypto market, which has been experiencing less demand due to the recent reduction in the Federal Reserve interest rates by 25 basis points. Not long after the news, there was a sharp collapse in the crypto market.

Conclusion

Based on its exciting features, Rollblock is poised to be a top crypto in the near future. Investors looking for the next altcoin to explode can lock in some Rollblock tokens at a low price of $0.043 in stage 9 of its presale before it increases to $0.052 in stage 10.

 

Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website:
https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino

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