A major crypto reversal could be on the cards during the tail end of 2024, as Ethereum and Ripple look set for bullish growth into four. Meanwhile, the oversubscribed presale for casino launch Rollblock ($RBLK) continues to impress as experts look ahead to potential 100x growth this year!
Ethereum ($ETH) rose 2% this week to reach $2508. Recently, the much-hyped Ethereum ETFs have had a muted start as institutional investors have failed to step in with buying pressure. In fact, $477 million actually left the Ethereum funds in the first 29 days of trading.
The Ethereum markets were rattled recently by news that co-founder Vitalik Buterin has been moving his vast holdings on-chain and possibly preparing to sell. The Ethereum Foundation has also been taking profits at these levels by selling 35k ETH. Despite this, over 40% of Ethereum is currently locked up for staking, signaling that selling pressure will be reduced in the event of a rally in Q4. Ethereum price could quickly snap back above $3k given a reversal in ETF inflows.
Ripple holders were bracing for a sell-off this week as Ripple Labs released the latest token unlock of 1 billion Ripple (XRP) tokens, valued at around $560 million. This will increase Ripple's circulating supply, potentially suppressing Ripple’s price and stalling the recent relief rally around the SEC lawsuit settlement.
A wick down to established support at $0.48 or even $0.43 should not take any traders by surprise in the event of a sudden sell-off as Ripple’s price reacts to this increase in supply.
Rollblock ($RBLK) continues to see huge interest among investors as over 12,500 savvy crypto enthusiasts have signed on to stake a claim in the hottest presale of the year. Rollblock brings the technological innovation of blockchain to the massively popular $450 billion online gambling industry.
One of the main problems facing traditional gambling sites is the lack of transparency. This has been solved by Rollblock’s practice of encrypting all bets onto the Ethereum blockchain, thereby removing any allegations of manipulating bets. Being entirely crypto-native, Rollblock can completely do away with any need for invasive KYC checks, making Rollblock fully anonymous. Users can simply connect a cry and deposit one of 20 popular crypto gaming. A 20% bonus will be added to all RBLK buys in the next few days, meaning investors can grow their RBLK bags massively.
The native RBLK token benefits from Incredible utility on the platform and can be staked for up to 30%. It will also see a perpetual bid in the market, thanks to the Rollblock revenue share scheme. This will use casino profits to regularly buy RBLK on the open market, reducing supply as tokens are allocated between stakers and a burner account.
The low price of $0.024 looks set for another hike in the coming days, and investors looking for the next 100x should make their way to the presale before the Rollblock moon mission!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
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