As a seasoned researcher who’s been tracking the crypto markets since their inception, I’ve seen my fair share of volatility and surprises. This week is no exception! FTX’s move to unstake Solana tokens might rattle some traders, but it seems like Pantera Capital is ready to scoop them up at a discounted price off-the-counter.
It’s another busy week in the crypto markets! FTX recently made moves to unstake a huge bag of Solana as the distressed exchange begins to make payouts to its investors. Meanwhile, Kaspa unveils new tools for on-chain builders, while Rollblock (RBLK) continues to make new highs as investors keep on coming. Let’s dive in!
Solana (SOL) FTX Selling Should Be Absorbed Over The Counter
Last week, the bankrupt cryptocurrency platform FTX liquidated $24 million worth of Solana tokens, causing concern among Solana traders who worry that they might sell more of their holdings to pay back investors. As FTX works towards covering its $16 billion debt stemming from the collapse of the exchange and its trading arm Alameda in 2022, it is anticipated that Solana could play a role in this process.
It’s anticipated that Pantera Capital might acquire unclaimed Solana tokens at a reduced rate through an OTC transaction. Despite this potential selling, the price of Solana is not expected to significantly drop due to the robust demand for Solana in recent weeks, which has been escalating as we approach the Solana Breakpoint conference this month.
Kaspa (KAS) Bullish Launch For KRC-20
Today, Kaspa has climbed by 2.7% and is now trading at $0.16. This growth has boosted its market capitalization to an impressive $4.1 billion. With this significant increase, Kaspa is poised to break into the top 20 largest cryptocurrencies by market cap, indicating a rapid surge in its adoption. This is a positive sign that Kaspa’s popularity is soaring at a fast rate.
Just lately, Kaspa introduced the KRC-20 framework, empowering creators to develop projects compatible with Kaspa over various systems. This expansion could boost the interconnectivity within the Kaspa network, potentially reaching new peaks in the near future.
Rollblock (RBLK) Casino Hits New Highs
This past summer, Rollblock (RBLK) left investors amazed with its robust performance, consistently reaching new record highs in July and August. This prominent player in the web3 casino sector has already amassed over $3.4 million during its initial funding rounds, and there’s no indication that it will be slowing down anytime soon.
In simpler terms, Rollblock signifies a fresh phase in digital gaming, leveraging cutting-edge Web3 technology to permanently record all transactions on the Ethereum blockchain. This means that once a bid is submitted, no one can alter it, ensuring fairness since users have the ability to independently verify all activities on the blockchain.
Rollblock maintains its trustless essence in the cryptocurrency world by offering completely anonymous gaming experiences. Unlike traditional platforms, no Know Your Customer (KYC) information is needed during registration, thereby reducing the possibility of sensitive personal data breaches by dishonest third parties. Essentially, gamers can join using a simple email address and link a cryptocurrency wallet to immerse themselves in the diverse selection of over 7000 casino-style games available.
Rollblock similarly boasts the advantages of its indigenous currency, RBLK. This digital coin serves for all payouts and grants holders a distinctive set of perks such as staking their assets for up to 30% return. Analysts predict that RBLK could potentially multiply by 100 times this year, driven by widespread adoption and an innovative revenue-sharing model that will decrease the supply on exchanges, using casino earnings to incinerate tokens.
This situation presents a highly optimistic outlook, so investors might want to act swiftly and purchase crypto bags for a mere $0.026, as the final stage of selling could exhaust entirely soon!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
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2024-09-14 17:54