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Cryptocurrency News Articles
Bitcoin (BTC) Investors Dump the Market as Price Momentum Wanes, Ethereum (ETH) Continues to Charge Ahead
Dec 15, 2024 at 09:28 am
This shift in momentum has many experts calling for new highs for the number two token. This shifting momentum is also a boon to the top altcoins in its growing ecosystem.
Bitcoin (BTC) price momentum has stalled around $100,000, prompting investors to pivot toward top altcoins. This shift in momentum is largely due to the investors seeking higher returns in the crypto bull market.
One key beneficiary of this shift is ERC20 token Rollblock (RBLK), which is set to benefit from an influx of new players into its crypto casino platform. This fresh player base could propel Rollblock to 100x gains before its crypto presale concludes.
Investors Dump Bitcoin as Price Momentum Wanes
Investors are dumping Bitcoin as the price momentum slows down around $100,000. The BTC price dipped again today from $102,000 to $101,000 in a familiar pattern of range-bound trading.Bitcoin price now faces resistance around $100,000 from the 2024 moving average, which has acted as both support and resistance throughout the bull market. This moving average has stalled Bitcoin price advances on multiple occasions in 2024.
With Bitcoin price advances stalling once again, investors are pivoting toward top altcoins instead.
Ethereum’s Ecosystem Claws Back Dominance From Main Rival
Number two token Ethereum is an obvious destination for investors fleeing the industry's flagship token. The Ethereum price is leading the top altcoins higher today, with over 2% growth in the last 7 days.Ethereum’s ecosystem has been regaining many of the top metrics that had been overtaken by Solana in recent months. This resurgence of its ecosystem's traffic and activity has translated into a blistering rebound for the Ethereum price.
Ethereum has rebounded almost 70% from its 2024 lows as its ecosystem claws back dominance from its main rival.
ERC20 Token Rollblock Benefits Most From Ecosystem’s Revival
The biggest beneficiary of the dip in Bitcoin and the revival of the Ethereum ecosystem has been ERC20 superstar Rollblock. Players are now pouring into the Rollblock casino platform from the larger ecosystem and driving fresh estimates for explosive growth.This top altcoin already had tens of thousands of players on its platform for global sports betting and 7,000 provably fair casino games. Now thousands of more players are signing up each week, which is sending Rollblock’s revenue soaring higher.
This soaring revenue is important because Rollblock turns a portion of each week’s revenue into token value through an aggressive system of buybacks.
A share of these weekly buybacks is used to support the platform’s operation through staking rewards. The remaining tokens are burned each week to limit the supply and pressure the RBLK price higher.
Therefore, Rollblock is directly translating this rapid player growth into token value through this buyback and burn operation. This virtuous cycle of player growth and increasing token value is a formula for incredible success that is expected to dominate the $500 billion gambling industry in 2025.
This latest rush of players from the ERC20 ecosystem has increased growth estimates for RBLK to 100x when its crypto presale ends. Rollblock is already racing through the ninth of twelve stages after increasing its price to $0.041.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino
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- Litecoin Price Predictions for 2024: Can LTC Experience a Significant Surge?
- Dec 15, 2024 at 01:05 pm
- Litecoin (LTC), often referred to as the “silver to Bitcoin’s gold,” has been a cornerstone of the cryptocurrency market since its inception. With its unique blend of speed, security, and scalability, Litecoin remains one of the most widely adopted cryptocurrencies. As the market enters a new phase, investors are speculating on whether Litecoin can experience a significant price surge in 2024.