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The crypto market has been experiencing heavy volatility over the past few weeks, with top crypto coins like Bitcoin (BTC) and Ethereum (ETH) bearing the brunt. Notably, Bitcoin has witnessed a price retracement, leaving its miners with no option but to adapt to reduced profits. This is also the same case with Ethereum, which had already started to gain a positive trend with the Ethereum ETF approval announcement. However, as these two coins continue to record a price dip, savvy investors are already drawn to a more innovative project called Rollblock (RBLK). With its live online casino accessible globally, Rollblock will certainly redefine the online gaming market with unique features and the GambleFi protocol.
Rollblock (RBLK) has made headlines over the past month amid the ongoing market dip owing to its innovative GambleFi protocol, which is set to revolutionize blockchain gaming and online casinos. Coupled with innovative features and a strategic position within the GambleFi niche, Rollblock has already recorded enormous growth in just its stage three presale, having raised close to $1M.
Rollblock aims to redefine the established GameFi market by simply addressing major challenges faced in the online gambling sector. The project is set to utilize blockchain technology at its core to solve these issues. To stand out from the rest of the traditional online gaming platforms, Rollblock’s live casino will incorporate crypto payments while offering a transparent but secure platform that is easily accessible to its users.
Another unique feature that sets Rollblock apart is its revenue-sharing model. In order to optimize its investors' earnings, Rollblock will allocate up to 30% of its weekly revenue to buying RBLK tokens. Half of the repurchased tokens will be eliminated from circulation through a token burn mechanism, driving scarcity. The other half will be dedicated to staking rewards. This move not only makes Rollblock a highly deflationary asset but also allows its holders to enjoy the best passive income opportunities within the crypto space.
Currently, in its stage three presale, where the token is trading at $0.014, Rollblock has already delivered 40% ROI to its early buyers. The rapid progression of the coin also indicates a strong demand, with market experts projecting a potential 100x surge in Rollblock's price in 2024, making it one of the best cryptos to invest in.
Bitcoin miners, the backbone of the largest leading crypto network, are dealing with a notable dip in profits owing to falling Bitcoin prices and reduced network activity that has led to a plunge in Bitcoin’s wallet. Over five days, Bitcoin miners have experienced an 8.4% dip in their earnings, something that reflects the downward trend in BTC value. The main reason behind the reduction in profits is the drop in hash price.
This dip in miners' revenue has led to Bitcoin selling pressure, as miners are compelled to sell more to cover their costs. As a result, more Bitcoin is being moved from their wallets to exchanges, creating a dipping pressure in the price of BTC. For Bitcoin to achieve sustained recovery, new inflows, particularly from stablecoins, and reduced selling pressure from BTC miners and ETFs will be critical in stabilizing the price of one of the best cryptos to buy.
Ethereum (ETH) has been recording a dip in price following general market volatility, marking a substantial decrease from its March peak of over $4,000. Moreover, an interesting trend seems to have surfaced within the ETH market, according to on-chain data, which reveals that participants from Ethereum’s initial coin offering (ICO) are now liquidating almost a decade-old holdings.
According to Spotonchain data, the Ethereum ICO whale transferred substantial holdings to the Kraken exchange, totaling around 5.5K ETH tokens valued at $19.3M. This move preceded a notable sell-off that pushed Ethereum's price downwards. Broader market analysis has also indicated a general dip in ETH being moved to different exchanges, from 600K ETH in March to below 50K ETH in June. This trend suggests that apart from the few large-scale holders, the overall investor sentiment leans towards holding Ethereum tokens rather than selling.
Bitcoin and Ethereum are considered the market OGs, having recorded massive gains ever since they were launched. However, Rollblock, being a new crypto, has already showcased why it is being considered the top crypto to buy in 2024. Its achievement in just stage three of its presale is already attracting global investors, especially now that early investors enjoy a 40% ROI.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
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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.
