The German government started liquidating Bitcoin assets seized from the movie piracy website Movie2k.to in January 2020. They recently transferred over $55 million worth of Bitcoin to Coinbase and Kraken, and now, investors are worried about further price declines.
This comes after Bitcoin (BTC) and Ethereum (ETH) experienced massive price drops in Q2. However, as the major cryptocurrencies struggle, a new altcoin, Rollblock (RBLK), is building rapid momentum with its ongoing presale. Experts predict that $RBLK could easily exceed 50X returns in the coming weeks, which has made it a popular investment among altcoin investors.
Bitcoin’s market price has experienced fluctuations throughout Q2, with Germany’s Bitcoin dump causing a further 6% decline in the coin’s value over the past week. Despite this negative trend, some analysts describe this situation as the perfect storm.
Analysts believe that with broader adoption of Bitcoin ETFs and new technological advancements, Bitcoin could surge to new heights. However, at a $60,000 trading price, investors worry that the coin is yet to hit its lowest.
Ethereum (ETH) faced strong bearish pressure in June, forcing its price below $3250. This surprising downward trend followed the conclusion of SEC investigations and the announcement of Ethereum ETF’s potential launch in July. Ethereum (ETH) holders are now worried that ETH could drop below $3,000 if bearish market conditions hold.
Crypto millionaire Cameron Fous believes that Ethereum investors will continue selling their tokens despite the upcoming developments. An additional sell off could further push down Ethereum’s price, and so many investors are taking a cautious approach to the popular altcoin.
Rollblock (RBLK) is a new GambleFi protocol and the world’s first crypto-backed Play-to-Earn token. This platform introduces a new way for the online gambling community to earn rewards while providing investors with a stable and transparent token. Rollblock uses blockchain technology to ensure transparency and trustworthiness in online gambling. It guarantees the highest level of security, and bets can’t be changed once placed. This level of transparency has helped Rollblock gain thousands of users, and experts predict that growth will only snowball.
Another way Rollblock differentiates itself from other casinos is by offering seamless access to its casino. Instead of requiring users to complete a KYC before they can play, players only have to enter their email or connect their DeFi wallet to start gaming.
With hundreds of games available on the platform, players can enjoy everything from casino favorites like blackjack to digital games and more. Investors can also watch their profits grow in line with the project due to Rollblock's revenue share plan. The project will share up to 30% of its casino revenue with $RBLK token holders. It will actively buy $RBLK from the open market, which will be evenly shared between staking rewards and token burning, creating a deflationary effect.
Rollblock is built on the Ethereum blockchain, and experts believe it could significantly disrupt the gambling industry, which is predicted to grow to $744 billion in 2028. Its unique DeFi application has made it a top DeFi token to watch in 2024, with experts already highlighting that $RBLK has outperformed Bitcoin and Ethereum over the last month. According to experts, tokens could rally a massive 720% during the presale alone, making $RBLK one of the market's best-performing new projects.
Rollblock ($RBLK) is currently trading at $0.0145 and is expected to see several gains over the next week. With massive potential, a robust framework and growth opportunities for investors, experts believe that $RBLK could become one of the market's top new presales. The project has also proven its strength, increasing in value during bearish market trends. As a result, 100x returns could be possible before the end of the year.
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.