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According to crypto analyst Empren Dedor, Solana’s price action is reminiscent of Ethereum’s early 2024 breakout. If Solana follows the same pattern, its price could skyrocket, potentially resulting in a long-awaited reversal that could see it conquer new heights. Meanwhile, Rollblock continues to tear through milestones, as its presale is nearing the $11 million mark in raised funds. 

Rollblock is a community-based GambleFi platform designed to address the inefficiencies driving users away from legacy providers. Using blockchain technology, Rollblock ensures near-instantaneous transactions and tamper-proof bets, as all information is immutably inscribed on the blockchain, taking transparency and security to a whole new level.

Rollblock boasts a 7,000-title library, and newcomers will find everything they ever wanted on a gaming platform. All-time classics such as blackjack and poker, live games, and even brand-new AI-driven exclusives developed explicitly for the rapidly growing Rollblock community. Furthermore, a sports betting platform has been introduced as well, further expanding this already incredible offering.

Gaming aside, Rollblock has an innovative revenue-sharing mechanism powered by the native RBLK token. As part of this model, up to 30% of the platform’s revenue is reinvested to buy back RBLK tokens from the open market. 40% of these tokens are then redistributed as recurring staking rewards, providing record-breaking APYs. The remaining 60% is removed from circulation through an automated burn mechanism, reducing the total supply and stabilizing the price. This system encourages long-term engagement and primes the token for sustainable, deflation-driven price growth.

Stage 10 of the RBLK presale is now live, and tokens sell for just $0.55. This is an ideal entry point for early bidders, as analysts expect an 800% surge by the end of the presale phase and a 100x multiplier once RBLK is available for trading on major exchanges.

While Solana (SOL) seems to have found some stability, analysts aren’t ruling out a retest of the critical $164 to reset its momentum. However, if this were to happen, a breach below could see Solana revisit lower support zones around $137 or even $118. Although a decline of this magnitude is unlikely, the prolonged market-wide turbulence has injected a considerable dose of uncertainty, and a worst-case scenario is not out of the realm of possibility for Solana. 

The bearish sentiment is reinforced by Solana trading below the 100-day Simple Moving Average (SMA), indicating that sellers remain in control; additionally, the Relative Strength Index (RSI) has dropped to 25%, placing Solana in oversold territory. However, as stated earlier, Solana is mirroring Ethereum’s price action, which saw it surge and reclaim vital resistance levels, and a breakout from here could trigger a short squeeze and punish late sellers, creating a liquidation cascade that could propel Solana toward $200.

At the time of writing, Ethereum (ETH) trades for $2,6300 following a 3% intraday decrease. This is accompanied by a 150% surge in trading volume, with over $22.8 billion worth of ETH changing hands in the last 24 hours. Over the previous two weeks, Ethereum has been locked in a narrow trading range around the $2,600 mark, with minor deviations in either direction as the market struggles to pick up the pace. However, Ethereum is still moving within an ascending channel when zooming out on the chart. Analyst Titan of Crypto points out that Ethereum is forming a megaphone pattern on the weekly chart and could top out between $7,700 and $9,900 as the cycle progresses. Ethereum recently reached the lower end of this pattern, and the analyst expects it to bounce back, with potential price targets representing a triple-digit surge from its current price of $2,700. In the short timeframe, Ethereum is forming a bullish pennant pattern, suggesting the potential for a breakout if it exceeds $3,000. 

While Solana and Ethereum will yield predictable returns, Rollblock could vastly outpace them in terms of gains. Not only does its significantly lower market cap grant much greater room, but with the crypto gaming narrative gearing up for a major comeback, a perfect storm scenario is shaping up for Rollblock.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino

Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.

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