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Cryptocurrency News Articles
Rollblock (RLBK) Season Heats Up as the Rising Star in the Crypto World Attracts Both Short- and Long-Term Investors
Dec 03, 2024 at 11:00 pm
With over $6.5 million raised and 80% of its presale stage 8 tokens already snapped up, $RLBK is attracting both short- and long-term investors
Bitcoin price analysis suggests a potential price correction after a 37.3% rally in November. Meanwhile, all eyes are on rising altcoin Rollblock (RLBK) in its presale stage 8, with 80% of tokens already sold out.
Bitcoin price analysis: $141K ahead or correction coming?
Bitcoin (BTC) has had an impressive run in November, rallying by 37.3%, especially after Donald Trump’s win in the U.S. Presidential elections. This momentum may continue, considering historical trends that could see a potential 46% surge in December.
Currently trading near $96,922, BTC could climb to $141,000 by the year-end, driven by growing institutional demand and decreasing exchange inventories. Companies like Boyaa Interactive International are adding to the excitement by shifting their treasury holdings from Ethereum to Bitcoin, acquiring over 515 BTC (around $49 million) in just ten days. The gaming giant now holds 3,183 BTC, valued at $310.7 million, highlighting the ongoing institutional faith in Bitcoin’s future.
The market dynamics also appear favorable. Long-term holders are maintaining their positions, reducing Bitcoin’s availability on exchanges. Furthermore, Bitcoin ETFs have witnessed over $31 billion in inflows, absorbing a significant supply. Notably, BlackRock and other major funds are also seeking exposure to spot Bitcoin ETFs, which could further limit market liquidity and drive prices upward.
However, not everyone is convinced that this bullish momentum will last. Some analysts view BTC’s overextended market sentiment and fast price increases as signals of a correction. In case FOMO disappears or macroeconomic factors shift, we might see Bitcoin pulling back before stabilizing, showing investors its volatile nature.
Rollblock revolution: GambleFi meets DeFi in a $500B industry
The online gambling industry, valued at over $500 billion annually, and decentralized finance (DeFi), with over $118 billion in total value locked, are two massive sectors. Rollblock bridges these worlds with its innovative GambleFi token, offering $RBLK holders a seamless way to leverage blockchain-powered finance. By eliminating red tape, high fees, and delays, Rollblock delivers a smooth gaming experience, enhanced by a sleek modern UX design.
Currently, Rollblock boasts over 7,000 provably fair games, attracting more than 25,000 players and generating significant daily revenue. Even better, the platform has revealed plans for its expansion into sports betting. Also, all bets are encrypted on the Ethereum blockchain to guarantee transparency and players understand that results can not be manipulated.
One unique aspect of Rollblock is its revenue-sharing mechanism. A portion of the platform’s profits is used weekly to buy back $RBLK tokens from the market. Of these, 60% are burned to reduce supply, while 40% are distributed to stakers, offering some of the highest APYs in the crypto space.
Since its ICO launch, Rollblock has seen remarkable growth, raising over $6.5 million and driving a 350% surge in $RBLK’s price. With presale stage 9 approaching, early investors can secure $RBLK at just $0.037, positioning themselves for potential gains as Rollblock reshapes the online gaming landscape.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
Disclaimer:info@kdj.com
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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