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Cryptocurrency News Articles

Ethereum (ETH) Makes A Move At Last

Nov 24, 2024 at 08:49 pm

While Ethereum's dominance is still fairly low at 12.24%, Ethereum has recently demonstrated a show of strength with an 8% weekly candle

Ethereum (ETH) Makes A Move At Last

After lagging behind Bitcoin’s recovery for months, Ethereum is finally playing catch-up with a recent bounce to $3.3k. Find out what the future holds for Ethereum and Solana investors, and why many of them are rotating profits at these levels into the promising casino upstart Rollblock (RBLK), tipped for impressive 50x gains during 2025.

Ethereum (ETH) Makes A Move At Last

While Ethereum’s dominance is still fairly low at 12.24%, Ethereum has recently shown a show of strength with an 8% weekly candle that has launched its price up to $3.3k. This has taken place against an encouraging 14% rise in 24-hour trading volume, as many investors return to the altcoin market following Gary Gensler’s resignation from the SEC.

Gensler has long suppressed the development of a thriving US crypto industry, and Ethereum is very well placed to benefit from a change in leadership at the SEC.

There are signs that institutional investors are beginning to get FOMO for Ethereum, as on a single day this week over $16.8 million was poured into the Fidelity Ethereum ETF fund. This increase could help Ethereum to overcome resistance at $4k in the weeks ahead.

Solana (SOL) Reaches $260 As 2021 Highs Tumble

Solana has outpaced Ethereum’s gains this week, rising 6% to hit new all-time highs at $260. This is an impressive recovery for Solana, which really tested the patience of its loyal holders with a brutal 97% retrace during the bear market.

Many Solana metrics are pointing to bullish continuation here, as active on-chain addresses are at an all-time high and DEX volume on the Solana chain recently surpassed Ethereum and all of its many layer 2 chains combined. A run to $1,000 looks very likely for Solana during 2025.

Rollblock (RBLK): Early GambleFi Adopters See Further Gains As Sports Betting Prepares To Launch

The hugely promising crypto casino Rollblock (RBLK) has recently gone on to make yet another new all-time high of $0.036 as stage 8 of its oversubscribed presale continues to sell at a rapid pace. There is a huge 50% bonus offer currently running.

Rollblock has attracted tens of thousands of crypto investors who have seen the massive potential in Rollblock’s offer to disrupt the $450 billion online gaming space with cutting-edge blockchain tech. All bets now find a home on the Ethereum chain, eliminating any allegations of bet tampering.

Rollblock has been working on launching a much-requested sports betting feature, which will open up lucrative new revenue streams and increase Rollblock’s dominance of the sector significantly. With over 7,000 immersive games already ready to play, gamers are spoiled for choice while immersive live dealer modes add to the community atmosphere.

RBLK holders benefit from a revolutionary revenue-sharing scheme that uses Rollblock profits to buy back RBLK on the open market each week. 60% of these tokens are burned automatically, while the remaining tokens are given back to community members through staking rewards.

This has led market analysts to predict that Rollblock will go on to outperform Solana as it pumps up to 50x upon gaining mainstream adoption this year.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino

News source:financefeeds.com

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