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Cryptocurrency News Articles
Bitcoin Upside Limited by Massive Capital Inflows Requirement
Oct 10, 2024 at 04:00 pm
As the trailblazer, Bitcoin is firmly placed at the top of the crypto ranks. Bitcoin shot more than 30% higher at the start of 2024, establishing a new all-time high of $73,750 in march. However, it has been trading sideways for the rest of the year.
Bitcoin’s astronomical rise in 2024 was largely due to the perception of it being the safest crypto in the market. As the trailblazer, Bitcoin is firmly placed at the top of the crypto ranks.
Bitcoin shot more than 30% higher at the start of 2024, establishing a new all-time high of $73,750 in March. However, it has been trading sideways for the rest of the year.
This stability is also a factor that keeps Bitcoin from offering strong returns moving forward. It takes massive capital inflows to move the Bitcoin price higher, and most likely, it will never experience astronomical growth again.
Bitcoin’s stability comes from its fully realized market cap, which now sits at $1.3 trillion. While this is still small compared to traditional markets, any higher and Bitcoin will begin to lose its ability to offer strong returns.
Meanwhile, smaller and more promising projects, such as Rollblock, are offering investors the chance to capitalize on crypto’s remaining growth potential.
Layer 2 Blockchains Adding to Ethereum’s Woes
While Bitcoin’s stability has kept it from offering strong returns, the same cannot be said for Ethereum. Ethereum is considered a close runner-up in terms of safety and stability.
However, Ethereum gave up almost 50% of its 2024 highs recently, so this perception has faded.
That said, the Ethereum price still faces the same upside limitation of requiring huge capital inflows to move higher. Ethereum is also struggling at the moment due to revenue being siphoned by its Layer 2 blockchains, an unintended consequence that came with the expansion of its ecosystem.
Rollblock Combines Exponential Growth With Stability and Security
Bitcoin and Ethereum may be considered stable and secure, but they both pale in comparison to Rollblock. This new crypto project is backed by a multi-billion dollar industry and offers the chance to multiply your investment in 2024.
While Bitcoin and Ethereum took years to reach their current market caps, Rollblock is expected to do the same in just 12 months, thanks to the rapid growth of online gambling and the casino’s unique crypto gambling model.
Rollblock’s crypto presale offers the same stability and safety as Bitcoin and Ethereum, but with the added benefit of massive upside potential. This top altcoin has already increased its price 200% from steady hikes through the course of its presale as investors race to get in on the ground floor.
The global gambling industry is worth almost $500 billion in revenue each year, and Rollblock is rapidly accumulating market share as this revenue increasingly transitions online.
In 2024 alone, the online gambling market is set to grow by almost 15%, presenting Rollblock with a clear path to exponential growth throughout the year.
As one of the last fully licensed casinos in the world, Rollblock offers legal, fast, and seamless access to 7,000 of the industry’s best games from anywhere in the world.
Instead of delays, fees, and red tape, Rollblock offers fast, seamless, and anonymous access to 7,000 of the industry’s best games with provably fair odds. Rollblock has further enhanced the online gambling experience through state-of-the-art UX design and a generous suite of rewards.
New players enjoy deposit matching just for signing on, while veterans get high roller prizes for mastering the games.
Rollblock’s native token, RBLK, is used to power the casino and reward holders with daily buybacks and burns.
Rollblock’s Biggest Reward Program
As the casino grows, so do RBLK buybacks and burns. Rollblock employs 30% of each day’s casino revenue in open market buybacks of RBLK.
Rollblock then burns half of these buybacks to drive value growth and distributes the other half to reward holders who stake on the platform with industry-beating APYs.
Rollblock’s crypto gambling formula is currently expected to drive 100x growth in 2024 alone.
Rollblock is in the seventh stage of its crypto presale. Its tokens are now selling for $0.03 with a 25% purchase bonus that is set to last for six more days.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Rexas Finance (RXS): A Promising Utility Token Poised to Challenge Solana (SOL) and Ethereum (ETH)
- Oct 10, 2024 at 08:10 pm
- As the cryptocurrency market gears up for the next rally, Rexas Finance (RXS) stands out as a formidable contender poised to challenge the dominance of Solana (SOL) and Ethereum (ETH).