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Solana has become the consensus trade for this crypto cycle, as it outpaces its rival Ethereum and offers cheaper transactions to boot. Many Solana traders are bullish for Q4 price action, while Rollblock ($RBLK) keeps on hitting new highs as traders take up positions in this promising 100x DeFi Casino powerhouse. Let’s see what has got them so excited!
Solana ($SOL) Staking ETP Breakthrough Spells Bullish Times Ahead
Solana is consolidating below $170, as it has added 7% to its value this week to reach $165. The Solana price recently broke through resistance at $170 and was swiftly rejected as Solana whales stepped in to sell.
Solana holders received some promising news recently as it emerged that VanEck plans to introduce staking rewards into their European Solana ETP fund. This will give institutional investors access to Solana staking yield on a daily basis, however, this is only available in Europe at the current time. Solana traders are confident that Solana will soon reclaim the $200 level due to the magnitude of its inflows and recent trading volume.
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Ethereum ($ETH) Dominance Remains Below 14% As Other Chains Steal Market Share
Ethereum has continued to disappoint with its lackluster price action, as it continues to consolidate around the $2.6k level. Ethereum is only up a meager 1.6% in the last 30 days, completely missing out on the huge pumps seen across the majority of other Layer 1 chains.
This has led many Ethereum investors to throw in the towel and move to more promising cryptocurrencies, as Ethereum dominance has fallen to 13.7% – a far cry from the 2021 glory days when Ethereum commanded over 20% of the entire cryptocurrency market. Until this improves, Ethereum will struggle to impress the market and other chains will continue to dominate.
Rollblock ($RBLK) Casino Revenue-Share Bringing Spectacular Benefits To Holders
Stage 7 of the incredibly popular Rollblock sale is currently selling out fast, as huge whale activity has been detected that is snapping up discounted presale coins at a rapid pace. Rollblock ($RBLK) is currently on sale for $0.0318, but over 57% of stage 7 coins have already been spoken for, meaning time is short to make an allocation at these low prices.
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