Ethereum is still seeing bearish trends as its price has breached a critical support level. While most investors are bracing for impact, others are buying into the massively successful presale of Ethereum-based casino Rollblock. Meanwhile, Litecoin is attacking a key resistance. Will this momentum be sustained?
Could Ethereum See Further Declines?
Ethereum is currently selling for $2,194, with a 12.71% weekly drop. Ethereum’s downturn has been in motion since the launch of the highly anticipated spot Ethereum ETF in July, which quickly became a sell-the-news event.
On-chain metrics, however, tell a different story. Despite the slump, Ethereum has welcomed 4 million new holders in the last 3 months and 163,000 ETH tokens have been added to exchange reserves. This highlights Ethereum’s growing adoption despite the underwhelming price action
Funds Accumulate Litecoin As It Tackles $68 Resistance
In the last few hours, Litecoin experienced a rejection at the $68 level. Litecoin has held up better than most, as its price now hovers at $62.33 with a 3.2% weekly loss. Litecoin has been battling this range for nearly a month, and by the looks of it, it’s heading toward an uneventful September.
Analysts, however, believe that in the long run, Litecoin is bound to reclaim the $412 ath and possibly soar beyond, but this will probably happen at the peak of the bull run. Meanwhile, Grayscale has beefed up its Litecoin position with the purchase of 8,400 LTC. This renewed interest from institutional players could lead to a significant surge by the end of 2024.
Rollblock’s Current Gains Are Just The Start, 800% Rally Incoming
Rollblock bridges the gap between DeFi and TradFi gambling. Its GambleFi platform offers unparalleled ease of access without sacrificing anonymity.
13,500 active users are already part of the Rollblock revolution, with hundreds more joining every day. This rapid growth of the user base can also be attributed to the no-KYC policy. By removing KYC protocols, Rollblock lowers entry barriers while safeguarding privacy. Players can access the 7000-game roster just by connecting their wallets. Sports betting will also be introduced in the upcoming months.
Every week, the casino spends up to 30% of the generated profits to repurchase RBLK tokens. Half of this amount is burned, reducing the total supply and allowing for RBLK’s price to soar as the cycle progresses. The other half is distributed to holders in the form of recurring staking rewards as part of the generous revenue-share program that is set to offer some of the highest APY in the space
Stage 6 of the presale is live and more than $3 million have been raised so far. RBLK’s price is just $0.025 which is likely the lowest it will ever be. Rollblock bears all the hallmarks of a crypto gem in the making and analysts predict a massive 100x multiplier in 2025!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
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