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Cryptocurrency News Articles

PYTH, SOL, and SUI Emerge as Contenders to Be the Next Crypto to Explode, But Rollblock ($RBLK) Steals the Show

Jul 21, 2024 at 11:50 pm

The bullish sentiment is palpable as Bitcoin holds above $63000 and crypto investors are relentlessly scanning the market for the next crypto to explode.

PYTH, SOL, and SUI Emerge as Contenders to Be the Next Crypto to Explode, But Rollblock ($RBLK) Steals the Show

Crypto investors are eagerly searching for the next crypto to explode as Bitcoin holds above $63,000 and bullish sentiment sweeps the market. While PYTH, SOL, and SUI have emerged as strong contenders, Rollblock($RBLK), a low-cap crypto gem, has sparked massive attention with a surge in crypto trading volume.

PYTH perps trading volume could 10x in a bull run

Pyth Network has become the preferred choice for perpetual futures (perps) crypto trading data. PYTH perps trading volume has increased tenfold over the past year, rising from $63 million in July 2023 to $600 million in July 2024, capturing the majority of the perps trading data market share on top blockchains like Solana (SOL) and SUI, where it commands 100% of the perps trading volume.

Currently ranked as the fourth largest Oracle with approximately $4.9 billion in TVS (about 9% of the total TVS), PYTH is poised for organic growth, which could surge by another tenfold in a bull run, making PYTH one to watch closely.

Solana (SOL) could be setting up for a new ATH

Solana hit a cycle-low of $8 in December 2022, surging to a high of $210 in March 2024 before dipping to a low of $121 on July 5. However, Solana (SOL) whales? have been buying the dip, pushing SOL’s price up to trade in the $160 range.

At the time of writing, SOL is up over 17% in seven days and could be preparing to break its 2021 ATH of $259 and set a new one, making SOL an interesting one to watch.

SUI appears oversold and undervalued

SUI was not spared by the 3-month crypto crash that left most cryptocurrencies in the red. After peaking at $2.1 in March, SUI entered a bearish run, dropping to a cycle-low of $0.57 on July 5.

However, SUI has seen a strong increase in crypto trading volume over the two weeks, surging over 40% to hit the $0.8 level. Trading at 61% down from ATH, SUI appears undervalued and could be set to skyrocket in a bull run.

Rollblock ($RBLK): the next crypto to explode 100x

In comparison to the recent bullish steps made by PYTH, SOL, and SUI, their potential is dwarfed by that of Rollblock. This gambling platform on Ethereum is entering the $540 billion gambling industry with a crypto casino to solve the pressing issue of transparency in online gambling.

A hard cap of 1 billion is set for Rollblock’s native token, $RBLK, which is backed by a weekly token burn schedule to reduce circulating supply and a revenue sharing program that will pay rewards to $RBLK token holders. Additionally, there is a lucrative staking reward of 30% to encourage long-term holding while providing liquidity on the platform.

Rollblock’s ($RBLK) structure is designed for growth, which has attracted massive interest from investors. The resulting gold rush has seen crypto trading volume explode, exceeding $1.2 million as investors rush to purchase this crypto gem at $0.017 in stage 4 of the presale, leading analysts to predict $RBLK to be the next crypto to explode 100x upon open market listing.

Original source:blockchainreporter

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