After a summer recess, the crypto market is finally heating up again, which is clearly evident with investors of legacy cryptos looking for the best new crypto. Avalanche (AVAX) rode the wave to yearly highs before correcting 60% over the summer. Solana (SOL) was the best performing big cap crypto of the last 18 months, but SOL investors are also clearly taking profits as they prepare themselves for the expected bull market.
Not all cryptos are taking the hit, as is evident with the new crypto (RBLK) attracting investors looking for the big gains that typically come with new cryptos. RBLK isn’t just another new crypto, however, and analysts are predicting major gains throughout the rest of its presale and, of course, when it launches in the midst of the bull market.
Solana lead the crypto market in 2023
Solana was the top-performing large-cap cryptos before the market decline from March 2024. As a high-speed blockchain with a strong and growing developer base, Solana also boasted many of the best new crypto tokens of last year. The downturn in the crypto market has seen many Solana investors taking profits and redistributing their gains across other newer tokens. No doubt, Solana will bounce back when the bull season really picks up, but the FOMO being generated among newer cryptos hints that Solana‘s best days for ROI might be behind them.Avalanche is still down 80% from ATH
Avalanche has seen its price drop by 60% after reaching its yearly highs. It’s clear that the Avalanche price is following the overall crypto market trend, but the worrying thing is that AVAX is down 80% from its 2021 ATH. While the Avalanche project boasts solid technology, including fast transaction speeds and scalability, it is clearly struggling to break key resistance. The issue with Avalanche and other older crypto assets is that there’s so much competition, and with newer cryptos coming along and attracting all the interest, it will take a major update for investment to seriously start coming back into the Avalanche market.Early investors FOMOing into Rollblock
Crypto investors made huge gains in late Q4 last year and Q1 this year, and many took profits to diversify into newer cryptos. Arguably, the best new crypto catching a bid is , a groundbreaking GambleFi platform that’s being tipped to disrupt the online gambling industry. In every bull market, there is a selection of new cryptos that offer the biggest gains, and with investors looking for innovative tokens with real utility, Rollblock stands out. It’s not just because of its disruptive technology that will shake the gambling industry to the core, but Rollblock investors can also make a passive income. There’s a lucrative revenue-sharing model where a portion of the casino’s daily revenue is distributed to investors through a staking model, which allows investors to stake their tokens to add security and liquidity and are rewarded with 30% APY.As the presale progresses, Rollblock continues to exceed expectations, raising over $3.4m and the price of the token is up 160% since launch. However, analysts have long predicted gains over well over 100x for this most exciting token of the crypto market, and the FOMO into Rollblock is real.
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