The Battle for Third Place: Solana and Binance Coin Compete Behind Bitcoin and Ethereum
Brazil’s First Solana ETF DebutsThe competition for the coveted third spot in the cryptocurrency market, right behind Bitcoin and Ethereum, is intensifying as Solana (SOL) and Binance Coin (BNB) race to take the lead. While these two giants compete, investors are also flocking to the Rollblock ($RBLK) presale, with experts predicting massive gains of up to 200x this cycle after the GamblFi protocol raised more than $2 million.
Solana (SOL) Eyes the Next Crypto ETF
The market is anticipating significant developments for Solana as a second ETF application has been submitted for the layer 1 chain. Last week, Solana briefly claimed the third spot by market cap, before BNB regained its position. SEC Chairman Gary Gensler has now received paperwork from the 21Shares and VanEck platforms, fueling speculation that Solana may follow in the footsteps of Bitcoin and Ethereum this year.
Solana was one of the first cryptocurrencies to rebound quickly from Monday’s market crash, rising 15% on the daily chart to reach $141.32. However, despite this recovery, Solana’s price remains down over 20% for the week, indicating that bulls still have significant work to do to reclaim the previous range and reach the highs of $200.
Binance Coin (BNB) Recovers From $400 Support Level
Binance Coin (BNB) has faced challenges recently, dropping more than 16% over the last seven days despite bullish news from the SEC. Gary Gensler’s clearance of Binance Coin from allegations of listing unregistered securities has sparked optimism, which could propel BNB higher in Q3.
BNB’s price recently bounced back from the key $400 support level, and bulls must now maintain momentum at these levels to push the price back to $570 and beyond in the coming weeks. Additionally, a recent quarterly token burn removed nearly $1 billion worth of BNB from circulation, potentially contributing to further bullish momentum.
Rollblock ($RBLK) Defies Market Trends, Reaches New Highs in August
Rollblock ($RBLK) has captured the attention of investors by reaching a new all-time high of $0.018 in recent days. Nearly 7,500 investors have already participated in this early-stage presale, recognizing Rollblock’s potential to disrupt the $450 billion online gambling sector.
Rollblock operates on the Ethereum blockchain, encrypting all bets to eliminate any concerns of bet tampering. Users can begin without submitting KYC, simply by connecting a crypto wallet. The platform offers a variety of popular casino classics, along with exclusive games like Zeppelin.
Payouts are made using the native RBLK token, which features deflationary supply tokenomics and a hard cap of one billion coins. Each week, Rollblock will use up to 30% of its revenue to repurchase RBLK from the open market. These repurchased tokens will be handled as follows:
- 50% of the tokens will be burned, creating a supply squeeze as demand outpaces supply.
- The remaining 50% will be allocated for generous staking rewards of up to 30%.
Stage five of the presale is selling out quickly, with tokens priced at just $0.02. Investors are encouraged to act swiftly and make an allocation before Rollblock’s price surges. Analysts are forecasting enormous gains of up to 200x, with early investors already seeing returns of 100%!