Recently the Cardano X account was compromised, leading to speculation that this layer 1 chain needs to rapidly upgrade its security practices.
Investors chose instead to allocate to Solana and the upstart GambleFi protocol Rollblock (RBLK), whose insistence on blockchain transparency has led analysts to predict startling 50x returns this cycle!
Cardano lost 5.4% today, as the Cardano price fell to $1.12. This week the Cardano Foundation's X account was hacked, leading to false claims being made concerning a bogus SEC lawsuit against Cardano. Cardano founder Charles Hoskinson was quick to offer a rebuttal to this speculation and added that many in the Cardano community were involved in law enforcement and that swift justice would be carried out against the perpetrators.
Despite some concerns about Cardano's security practices, Cardano is still up an astonishing 75% on the monthly time frame, as Hoskinson has opened a Cardano office in Washington, D.C., to assist the incoming Trump administration with making more favorable crypto regulations.
Solana has fallen by 4% today, bringing the Solana market cap down to $108.3 billion. Solana recently made a new all-time high of $264 before being rejected down to current levels at around $227. The appointment of David Sacks as Donald Trump's crypto czar is incredibly bullish for Solana, as Sacks will be in charge of developing a legal framework for the crypto industry.
In 2023, Sacks revealed that he held Solana in his portfolio and he has a history of involvement with Solana projects via Multicoin Capital. Recently Gary Gensler rejected multiple Solana ETF applications as one of the final acts of business in his role, leading to the current Solana sell-off.
The up-and-coming GambleFi powerhouse Rollblock (RBLK) uses the power of blockchain technology to put trust and transparency right at the center of the DeFi casino offering. This will fix a major problem that the $450 billion online gambling industry has faced for decades, namely, the blind trust that gamers have had to place in casino platforms not to manipulate their bids.
For the first time, Rollblock gives its users the tools they need to verify for themselves that nothing has changed and that games on the platform offer fairness and transparency, unlike traditional gaming sites.
One of the many aces up Rollblock's sleeve is its native currency RBLK, which ensures that Rollblock transactions are fully crypto-native, with all the liquidity and rapid transfer times this implies. RBLK holders will benefit mightily from a deflationary revenue-sharing scheme, which will bring down the circulating supply of RBLK as platform profits are used to buy up the token each week. This means that 60% of these buybacks are burned immediately, with the remaining 40% given back to stakers.
Stage 9 of this exciting presale is already well underway, with over $7 million already raised. The low price of $0.041 won't last much longer as further price hikes are inevitable!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!