Solana Targeting $320; Rollblock Revenue Share Model Steals Crypto Limelight, DOT Looking for Support At $5
The post Solana Targeting $320; Rollblock Revenue Share Model Steals Crypto Limelight, DOT Looking for Support At $5 appeared on BitcoinEthereumNews.com.
Solana investors were over the moon to see this Layer-1 chain flip BNB over the past week. Meanwhile, the only thing Polkadot investors can do is watch their portfolios in despair. As the market continues to see significant turbulence, an enormous number of investors are jumping toward the Rollblock ($RBLK) presale which is tipped for 200x gains by the end of 2024. Solana (SOL) Leaves Ethereum Behind in DEX Volume Over the past few weeks, Solana has seen an impressive increase in on-chain volume and daily active addresses. At the time of writing, Solana is trading at $164.42. Despite the 3.14% dip in the past 24 hours, Solana investors are still optimistic about future growth. The main reason behind this sudden hike in investor confidence is Solana’s surpassing of Ethereum’s daily decentralized change transaction (DEX) volume for the first time ever. The leading DEX on Solana, Raydium, single-handedly had over $30 billion out of the $55.87 billion swaps on the network. Now, Solana investors are buzzing with excitement as they look forward to massive rallies in the upcoming bull run. Polkadot (DOT) Struggles to Escape Bearish Sentiment Polkadot (DOT) has been in the red zone throughout July. According to Coinmarketcap, Polkadot is currently trading at $5.24 after an intra-day decline of 2.37%. This downtrend has remained consistent over the past month, resulting in an overall 14% price decline for Polkadot in the last 30 days. Technical indicators like the 7-day RSI and MACD show that Polkadot is headed towards oversold territory. Since Polkadot’s MACD is trading below the signal line, analysts are warning traders about a further downtrend that may drive the Polkadot price down to the support of $5. Rollblock (RBLK) Attracts New Investors with Revenue Share Scheme Rollblock ($RBLK) is quickly shaping up to be the most hyped…
Filed under: News - @ August 6, 2024 1:00 am