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The Ripple (XRP) community is crying foul over the SEC’s decision to put on hold its lawsuit contesting ETH’s security status just before the spot Ethereum ETF’s approval. On the flip side, Ether continues to flash bullish signs, while the new crypto ICO, Rollblock (RBLK), has set a new record for sign-ups.
Members of the Ripple (XRP) community have been the least pleased over the SEC’s recent decision to drop its investigation contesting ETH’s security status. Their displeasure can be felt, given that XRP has been facing the same charges since December 2020.
Reacting to the dropped charges, Bill Morgan said that it “will forever show how arbitrary the SEC has been in crypto.” On the bright side for XRP investors, the initial $2 billion settlement the SEC demanded has been greatly reduced, with Ripple offering $10 million. On-chain metrics also show the price of Ripple is undervalued, and XRP is one of the top altcoins ready for a major price rally.
Following the SEC’s decision to drop all lawsuits contesting the security status of Ethereum (ETH), there have been claims in the crypto community that ETFs will begin trading soon. To add to this bullish news, the exchange supply of Ethereum has dropped to its lowest point in more than eight years.
Based on the Glassnode chart, the total supply of ETH on exchanges was estimated to be around 10.19%. This shows that investors are waiting for a rise in the price of Ethereum. From the current range at $3,500 many expect ETH to trade above $5,000 once ETFs start trading and as such, ETH is one of the best cryptos to buy at the moment.
While thousands of projects have taken the crypto ICO route, only a handful have had the kind of impact that Rollblock (RBLK) has had in presale. In the first couple days of its launch, the project has seen over 3,000 users sign up, a new record for presale projects.
Rollblock has garnered this much attention because of its unique GambleFi protocol that looks to change how we approach casinos and gambling. Operating on a blockchain, Rollblock’s casino brings improved transparency, security, and efficiency to the $450 billion gambling market. Its gambling platform is live, licensed and fully operational even while in presale, meaning the protocol is already generating revenue from the hundreds of players playing weekly, solidifying RBLK’s place among the top altcoins to keep an eye on.
One thing that has really caught investors attention is that up to 30% of Rollblock’s generated revenue will be shared with RBLK token holders. The share of revenue will be used to purchase RBLK tokens from the open market, adding huge weekly buying pressure to the chart. Half of the tokens purchased by Rollblock will be burned to reduce the total and circulating supply thus strengthening the value of the token.The other half will be issued to those who stake RBLK, providing some of the best passive income opportunities in the space.
Rollblock is set to introduce sports betting in the coming months, allowing users to place bets across hundreds of markets in the biggest sports worldwide like NBA, NFL, Golf, Soccer etc. This will open another incredibly profitable arm to their GambleFi protocol, something that is great for RBLK holders.
Rollblock is also giving away over $20,000 in the ongoing EURO 2024 football tournament, users can win amazing prizes each day for giving correct predictions. Participants just need to join their discord channel to take part.
In addition to improving the gambling space, Rollblock has a novel revenue sharing feature that has further attracted buyers to the presale, it is clear why so many investors consider RBLK as one of the best cryptos to buy now. Currently in the third stage of its presale, RBLK is priced at only $0.014 per coin after a 40% price increase. The token is set to increase again in the next 24 hours and with the prospects RBLK has shown, market experts have forecasted a 50x price surge throughout this year, making RBLK the best cryptocurrency to buy now.
Although the Ripple community is at odds with the decision from the SEC, it is a move that will positively affect XRP, Ethereum, and the rest of the crypto market. While these altcoins are expected to record significant gains, Rollblock is the clear winner for the best cryptocurrency to buy for massive returns.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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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.
