Ethereum Targetting $6000 While ETH Whales Accumulate These 2 Altcoins With 50x Potential

Ethereum's ongoing consolidation could be a precursor to a massive rally while Chainlink is partnering with Brazil's CBDC pilot program to expand its real

Ethereum’s ongoing consolidation could be a sign of a bigger rally to come, while Chainlink is partnering with Brazil’s CBDC pilot program to expand its real world adoption. Meanwhile, Rollblock is soaring through its presale stages after raising over $5.67 million in record time.

Here’s what happened to Ethereum, Chainlink, and Rollblock in the past 24 hours.

Ethereum (ETH) Enters Consolidation Phase After Post-Election Rally

Ethereum has been trading sideways for the past few days as its current range narrows. While some analysts predict a complete crash by the end of 2024, others are optimistic about Ethereum forming a bullish triangle pattern on its daily chart. If this ABCDE pattern is confirmed, Ethereum’s price could surge towards the significant $3500 milestone.

Currently, Ethereum is trading at $3,104.22, experiencing a minor intraday decrease of 0.98%. Ethereum’s volume has also dropped by 19.57% over the past 24 hours which indicates a significant decline in network activity. If Ethereum’s ongoing correction leads to a profit taking sentiment, analysts believe its price could retrace towards the $2,900 support before encountering any bullish momentum.

Chainlink (LINK) Gets Onboarded as Blockchain Partner for Brazil CBDC Program

Chainlink has recently secured a huge partnership with Brazil’s CBDC Pilot Program which is focused on creating a blockchain-powered trade finance solution. Since Chainlink is contributing its cross-chain interoperability protocol to the project, analysts expect Chainlink’s demand to skyrocket in the next few weeks. Chainlink’s price has already recorded a 26.96% uptick during the post-election rally which is making investors optimistic about more gains in the future.

Chainlink is currently trading for $14.82 after an intraday decrease of 0.58%. Despite the minor correction, Chainlink is still trading above all of its Simple Moving Averages on the LINK/USDT daily chart. Since Chainlink’s RSI hasn’t entered the overbought zone yet, analysts believe Chainlink could test the upper resistance level at $15.803 soon.

Rollblock (RBLK) Dominates DeFi Market with Skyrocketing Presale Demand

Rollblock is disrupting the entire DeFi market as well as the $500bn per annum global gambling industry with its new iGambling project. While there are several online gambling platforms in the market, none of them can compete with Rollblock’s Ethereum-backed security and ingenious revenue-sharing model.

Since Rollblock is committed to improving user experience, the platform offers a quick and simple signup process where traders can connect their wallets and purchase RBLK tokens. Then, they can use these tokens to play any of the 7,000+ AI-powered games on Rollblock. If that wasn’t enough, then Rollblock’s main priority is user security which is why every bet and financial transaction is encrypted directly on Ethereum’s immutable blockchain. With this gold standard security measure, Rollblock’s iGambling project offers the most provably fair gambling experience in the market.

Aside from playing and betting, traders can also use RBLK tokens to earn a weekly passive income. Traders can become long-term liquidity providers in Rollblock’s ecosystem and receive staking rewards with up to 30% APYs on a weekly basis. To make things even better, Rollblock also hosts weekly events on its official Discord channel to give traders a true sense of community.

Considering the way Rollblock is bringing fun and excitement back to crypto trading, it is no surprise that the platform’s native RBLK token has already rallied by a massive 260% during its presale. Since analysts are already hinting at 880% returns for RBLK holders before the token’s official launch, now is the perfect time to invest in Rollblock for a low price of only $0.036 per token.