The approval of the Ethereum ETF is another significant milestone for worldwide crypto adoption. Given the precedent of the Bitcoin ETF, the greenlight from the SEC came relatively quickly and the process was finalized on the 23rd of May 2024. Although it’s still not available for trading, investors believe it could trigger a bullish market rally.
Tezos also made news recently with the announcement of their collaboration with Baanx, a service provider for financial firms that deal with digital assets. The market reacted and Tezos’s lackluster price action saw some upside movement.
At the same time, the crypto casino Rollblock has been making waves in the online gambling sphere. The presale of their native token RBLK has recently crossed the $1 million mark and caught the attention of investors looking for altcoin gems with untapped potential.
Ethereum Rebounds With ETF Behind The Corner
Ethereum suffered during this recent market correction that started in March of 2024. After a steep drop a bottom was formed around $2,865, after which bulls stepped in and took the price back above the $3000 resistance level. In just a few short days Ethereum rose by 10% and is currently sitting at $3,117.
Analysts predict an explosive rally once it’s finally possible to trade the Ethereum ETF. Institutions and funds are expected to invest large sums to gain Ethereum exposure. The same happened for Bitcoin, as the ETF approval allowed it to breach the level of the previous all-time high.
The boldest predictions see Ethereum reaching $10,000 in the next year as the cycle progresses. This assumption doesn’t sound too far fetched, with Ethereum being the second biggest cryptocurrency, also dubbed ‘digital silver’.
Tezos Bounces Back After Important Announcement
Recently the team behind Tezos announced a collaboration with Baanx for the creation of a Tezos branded non-custodial crypto card. The card will be powered by Etherelink, an Ethereum-compatible Layer 2 blockchain backed by Tezos Smart Rollups technology.
Baanx is an established service provider entity that works with Mastercard to provide crypto card solutions.
Prior to this update, Tezos suffered a steep and prolonged drop from its local high of $1.56., Tezos’s market structure completely broke down and the price was sent spiraling below the $0.77 support level, bottoming at $0.63 with a 59% correction.
Once the bottom reached a V-shaped recovery took place and Tezos reclaimed the $0.75 range with a 19% surge.
Rollblock Presale Surpasses Expectations, RBLK The New Altcoin King?
Despite the current crypto market climate, Rollblock is thriving as one of the few projects that saw a substantial increase. It recently reached a new all-time high and continues to attract hundreds of new investors daily.
With its commitment to innovation, Rollblock is spearheading the crypto gambling revolution, integrating blockchain technology into its framework while taking transparency and security to a whole new level.
Unlike many other cryptocurrencies that hit the market without a working product, Rollblock’s casino is fully licensed and already generating revenue. The no KYC policy allows users to keep their anonymity and begin playing immediately one of the 150+ games from ten different publishers, with sports betting to be added soon. All that players need to do is to connect their wallet or sign up via email.
The revenue share mechanism is where Rollblock really shines. Rollblock will spend up to 30% of its casino revenue to buy RBLK tokens on the open market. 50% of the tokens will be distributed to holders in the form of staking rewards. The other 50% will be burned, making RBLK a deflationary token. This supply shock will prime RBLK for explosive rallies in the following months, as analysts predict a 100x surge when the bull market is in full swing.
The Rollblock presale recently crossed the $1 million mark and early investors are already enjoying a 58% price increase. The presale is currently at stage 3 and by the end of the final stage the project could see a massive 800% increase. Right now, the price of a single RBLK token is $0.0158, which is likely the lowest it will ever be.
With this in mind Rollblock has all the potential to disrupt the $450 billion online gambling industry and to become one of the strongest altcoins. Especially as the crypto gaming narrative is ramping up once again, meaning that the best time to invest is now!
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