Ethereum finally silenced its critics with a recent surge in price and ETF inflows. Let’s find out what is behind this reversal in fortunes and investigate whether the Ethereum-based GambleFi protocol Rollblock ($RBLK) represents a better buy at these levels, as experts predict incredible 50x moves ahead…
Ethereum finally turned the corner after months of disappointing chop, adding over 8.6% this week to reach $3.88k. This rounds off an incredible monthly candle for Ethereum, which currently stands at a 60% gain for this largest smart contract chain.
The Ethereum market cap has now grown to $468.8 billion, consolidating its place behind Bitcoin as the biggest altcoin. It is also currently the only cryptocurrency apart from Bitcoin to have its own dedicated spot ETF on Wall Street. While inflows into these funds were disappointing throughout the summer, recently they have begun to increase rapidly, with recent inflows adding $428 million and counting. This is an incredibly bullish sign and reflects the vast appetite for Ethereum among institutional buyers.
Ethereum has been pumping recently, although its current elevated price is still 19% below its all time high. The next move for Ethereum will need to target the elusive $4k level to break out from here. Recently, Ethereum whale wallets with at least 1,000 ETH rose sharply from 5.52k to 5.59k, suggesting that large whales have been accumulating quietly for some time.
Rollblock ($RBLK) is one of the leading presale projects on the Ethereum chain and has been attracting tens of thousands of investors recently with the strength of its potential to disrupt the enormous online gambling industry. This sector is valued at over $450 billion and growing by the year, which means that Rollblock has an enormous addressable market to tap into with its blockchain-backed betting.
With a fully functioning casino platform already live and generating masses of revenue, the Rollblock offer is an enticing one. Rollblock has a varied offering of over 7,000 casino classics, from poker to roulette and many exclusive new games to explore. Recently, its sports betting feature went live to great acclaim, allowing sports pundits to place bets on a massive range of international tournaments.
$RBLK is set for stratospheric growth this year as the Rollblock revenue-sharing scheme will ensure a deflationary token supply going forward. Each week, the platform will take a significant portion of its operating profits and use them to buy up $RBLK tokens in huge numbers. 60% of these buys will be immediately destroyed to reduce the supply, with the remaining tokens forming a pool of staking rewards.
Stage 9 coins are already selling rapidly at the presale discount of $0.041 and look set for further price hikes in the weeks ahead.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
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