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Donald Trump’s win in the US Presidential Election caused a domino effect in the crypto market; Ethereum (ETH) saw a monthly high after a 3-month hiatus. The ETH price shot above the convergence of the 50-day and 200-day SMA while reclaiming a key support level of $2817.
Shiba Inu (SHIB), an established altcoin, is attracting institutional inflows and new development competitively. With Rollblock also exploding beyond $5 million in value raised, ETH might need help to keep up with its growth rate. Find out why experts are tipping this GambleFi token in its crypto presale to lead the crypto rally.
Rollblock: The newcomer making big moves
Rollblock is the new GambleFi token generating buzz within the online gaming space. Built on the Ethereum blockchain, Rollblock aims to tap into the $450b online gambling market with its decentralized casino and betting platform.
Through a buy-back and burn system, Rollblock commits a portion of its profits towards reducing total supply, potentially increasing its value over time. With over 7,000 casino games integrated, Rollblock provides a diverse sports betting market and accepts numerous crypto tokens for deposits.
Rollblock’s offerings stretch with its extensive staking and rewards program. Users holding RBLK tokens can earn passive returns from the casino’s profits, distributed as dividends. Rollblock’s flexibility, with its high APYS on staking and rewards, appeals to retail and institutional investors interested in decentralized solutions.
Ethereum: ETH’s recent developments fuel bullish run
As of August 5, 2024, ETH saw its price value fall by 22%, marking one of the largest daily declines since mid-2021. This price dip was primarily attributed to liquidity movements by Jump Trading, a major market maker.
A huge sum of $315 million worth of ETH was shifted to exchanges, which affected ETH’s trajectory. As a result, ETH’s price dropped to approximately $2100.
By October, ETH’s layer-2 protocols led the token’s price resurgence, sparking revival speculations. While scalability and high transaction speeds remain their strengths, these ETH platforms can also handle large transaction volumes more efficiently.
ETH’s recent increase in its TVL in dApps also contributed to the token’s price change. Market analysts predict a new ATH if ETH can maintain and cross the 100-day SMA.
Shiba Inu could explode with new initiative
Before the US election, Shytoshi Kusama, SHIB’s lead developer, invited Elon Musk and the new president-elect, Donald Trump, to support his initiative, which aims to transform the US into a “Crypto Valley” that could lead the world in blockchain innovation.
Kusama’s plan for SHIB and the crypto-verse includes boosting cybersecurity, securing communication channels, and protecting critical infrastructure. With Trump’s pro-crypto stance, SHIB price saw a significant uptick upon his re-election, reaching a high of $0.000019 with a 5% surge MoM.
SHIB’s RSI and AO are about neutral levels, indicating prevailing bullish momentum. Institutional investors also pumped about 1.12 trillion SHIB tokens into their wallets, according to data from IntoTheBlock.
SHIB’s new initiative requires billions to implement. If this can be established, market sentiments tilt towards the token reaching $1 in the future. Despite SHIB and ETH’s increasing market confidence, Rollblock’s performance in the seventh stage of its crypto presale has impressed investors and analysts, grossing over $5 million in revenue generation. Available for $0.035, Rollblock is predicted to lead the crypto rally and surge post-launch.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
