Toncoin in Freefall, Solana Fees at Multi-Month Low – This New Altcoin Providing Solace In Gloomy Market
The post Toncoin in Freefall, Solana Fees at Multi-Month Low – This New Altcoin Providing Solace In Gloomy Market appeared first on Coinpedia Fintech News
Things can get pretty gloomy in the crypto market, even though it is popularly known as a vibrant industry with exciting developments. Toncoin, a famous and beloved altcoin, has been depreciating consistently. Solana is having struggles of its own, despite being backed by a vibrant community.
Could it be that Rollblock, a new altcoin with massive potential, is the spark this gloomy space yearns for? Experts believe so. Rollblock is in stage 6 of its presale and has already appreciated by 140%. It is expected to make an 880% price gain before the presale ends. That’s why investors are gravitating toward it.
TON continues freefallTON is the native token of the Toncoin blockchain. Anyone using the network must pay TON to process transactions. TON is also the governing token of the ecosystem and is required to stake on the Toncoin network.
Since it is closely affiliated with Telegram and is widely used, TON is a massive project. In fact, it’s almost as large as Solana in terms of stature. Nevertheless, it has been a victim of recent crypto price corrections.
TON is down 24% on the monthly scene. It trades well below $4.66 and remains a top 10 coin by market cap but there are no signs the price drop would end anytime soon.
Is Solana starting to slow down?Solana is known to be a vibrant hub of crypto activities but things seem to be slowing down. Over the last month, the top five Solana-based meme coins depreciated by double digits, and generated fees are also down.
Daily total transaction fees on Solana also fell to a multi-month low of $639,000. This is a 65% fall from its August 8 peak of $1.83 million and an 87% decline from the ATH of $5 million in March.
Solana’s gloom took a toll on its price too. SOL trades well below expectations, having fallen by double digits itself – 11%, over the last month. With this sort of uncertainty surrounding Solana, it’s a tad difficult to invest in it.
Rollblock: The shining light in a gloomy crypto marketRollblock is an iGaming token that is taking the crypto market by storm. It promotes transparency and trustworthiness, which is quite rare for an iGaming platform. Furthermore, Rollblock operates a revenue-sharing model, attracting users and investors alike.
Big things are expected from Rollblock since it provides a groundbreaking solution to trust issues in the iGaming space. The industry is worth over half a trillion dollars, and Rollblock could capture a chunk of that industry.
When this happens, the token would appreciate multiple folds. Investors are already making a profit from the new altcoin since it has risen by 140% during its presale. Currently available at $0.025, it is expected to rise by a total of 880% before the presale ends!
This is why investors are jumping on Rollblock. It offers a lot of promise, has a low entry price, and is predicted to be the next 100x crypto token in 2024. And when it launches on exchanges later on, there’s no telling how high it could soar.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
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