Institutional interest in cryptocurrencies is growing rapidly, with experts predicting which altcoins could be the next to receive ETF approval after the success of Bitcoin and Ethereum ETFs. Solana (SOL) and Ripple (XRP) are among the frontrunners, with several financial institutions applying to regulators for ETF approvals. Dogecoin (DOGE) is also a contender, with Scandinavian firm Valor having launched the first-ever DOGE ETP.
While speculation about the next crypto ETF continues, Rollblock (RBLK) is making a splash in the crypto gambling industry with its innovative GameFi platform that could revolutionize the market. Here's why experts believe it has the potential to become the next major altcoin:
Rollblock's Transformation of Crypto Gambling
The $450 billion gambling industry is increasingly moving online, and Rollblock, a community-backed Web3 casino, has the potential to disrupt the entire sector with its innovative approach. By merging centralized and decentralized gaming, Rollblock offers a Las Vegas-style casino experience secured by the Ethereum blockchain. Users can enjoy a seamless interface, lightning-fast transactions, and provably fair odds.
Emphasis on Security and Transparency
Rollblock prioritizes security and transparency. The project has undergone a thorough audit by blockchain security firm SolidProof and has acquired a license from Anjouna Gaming, ensuring compliance with high regulatory standards.
Extensive Game Catalog and Sports Betting
With over 45,000 players, Rollblock offers a vast game selection of 7,000 titles, ranging from classic casino games like roulette and poker to live games and AI-enhanced exclusives. The platform also features a sports betting section, attracting over $1.75 million in bids in December.
Unique Investment Vehicle
Rollblock serves not only as a gaming platform but also as an investment vehicle through its revenue-sharing system. Weekly, the casino reinvests up to 30% of its revenue into open-market buybacks of the $RBLK token. 40% of this amount is redistributed to holders as staking rewards, while 60% is burned, reducing the total supply and supporting the token's long-term price growth.
Dogecoin Price Decline, but Potential ETF Appeal
After facing resistance at $0.42, Dogecoin's price has declined due to increased selling pressure. However, it remains at $0.32, following an 8% intraday recovery, although it has lost approximately 13% in the past week. Despite the current slump, Dogecoin remains a potential candidate for the first meme coin ETF due to its strong market presence. Analyst Ali Martinez predicts a 4,100% surge if DOGE ETFs become a reality.
Solana's Price Volatility Amid ETF Uncertainty
Solana has experienced price fluctuations, continuing its downward momentum from the previous weekend. Currently, it trades at $233 after a 8.5% drop over the last 24 hours. Buyers have supported the price above $230, but the lack of clarity regarding Solana ETFs has contributed to its volatility.
Ripple's Resilience Amidst Market Turmoil
Ripple's price has also been affected by market instability, but its overall structure remains intact. Trading at $2.91, Ripple is consolidating as investors buy the dip. Volume has increased significantly, indicating market activity. The outcome of Ripple's ongoing legal battle with the SEC could have a major impact on its price, with a possible ETF approval driving it above $4.
Rollblock's Presale Success
The $RBLK presale has entered its 10th stage, raising over $9.6 million in funds. The token is currently priced at $0.052, with early investors reaping returns of over 350%. Analysts anticipate an 800% increase before the end of the presale, and a potential 100x moonshot when it is listed on major exchanges.