The crypto community is seeing a craze like never before with the recent launch of Spot Ether (ETH) ETFs. K33 Research analysts predict that Ethereum (ETH) will see a huge boost in performance, especially when compared to Bitcoin. Many traders believe this will directly impact the ERC20 tokens mirroring the same pattern of growth as Ethereum (ETH).
While the market continues to evolve, many investors have their eyes on Rollblock. Rollblock is a rising star in the crypto market and is currently in its third presale stage. Some analysts believe that it could achieve 100x in 2024. Here’s why.
Spot Ethereum ETFs Likely to Start Trading on July 23rd
Multiple sources say Spot Ether ETFs will likely start trading on Tuesday, July 23. The U.S. Securities and Exchange Commission gave preliminary approval to three of the eight asset managers tied to the spot price of Ethereum. Those managers include BlackRock (BLK.N), Franklin Templeton (BEN.N), and VanEck.
Most analysts expect that all eight will receive approval and launch simultaneously. In the weeks following their approval, they could outperform Bitcoin.
This approval from the SEC marks another major milestone for cryptocurrencies because it could push digital assets into the mainstream. The launch of spot ETFs is a huge milestone in a decades-long fight against the SEC, which often rejects these applications because of concerns about price manipulation.
Bitcoin Faces Headwinds as Ethereum Moves Ahead
Ethereum has underperformed relative to Bitcoin in the last 12 months with it surging 64% to the current day. Bitcoin, on the other hand, has respectively yielded an 87% gain.
Some analysts believe this momentum could soon change as BTC faces selling pressure. K33 analysts David Zimmerman and Vetle Lunde said that the selling pressure relates to $9.4 billion being returned to 127,000 creditors because of the collapse of the exchange Mt. Gox back in 2014.
This influx of Bitcoin spooked the market, resulting in Bitcoin price decreases. However, Bitcoin looks to be on the recovery and recently passed $60,000.
Rollblock Set to Outperform Ethereum?
Rollblock (RBLK) is outshining many major cryptocurrencies with its lucrative new GambleFi platform. Having already attracted over 4,000 players in less than two months, Rollblock is showing great promise.
The project has consistently made headlines due to its use of DeFi technology in its casino. This technology ensures that every bet is provably fair and guarantees full transparency. Furthermore, bets can’t be altered once placed, giving users full confidence as they earn $RBLK tokens while playing over 150 casino games.
RBLK started with an initial price of $0.01, but it has now reached $0.017, and the project has already raised $1 million. Many analysts are calling RBLK the biggest ICO of 2024, which surpasses Retik Finance and BlockDAG.
Other casinos like Roobet force players to complete a KYC to access the casino, but Rollblock eliminates this invasive step and lets players connect with their wallets. Just sign up using email or a crypto wallet. Furthermore, due to its use of blockchain technology, there’s no risk of a data breach, giving users full peace of mind while playing.
In addition to its large portfolio of games, RBLK is also heading into the sports betting industry. This innovative feature will let players wager on a rich selection of sports including the NFL, NBA, golf, tennis, Formula 1, and soccer.
One of Rollblock’s most lucrative features is its revenue share mode. The project will allocate up to 30% of its casino revenue to buying back tokens from the open market. Half of the tokens it buys will be used for rewards, and the remaining will be burned to create more scarcity and raise potential profits. This is particularly effective due to Rollblock’s fixed supply of 1 billion tokens.
Rollblock is currently in its Fourth presale stage and is selling for $0.017. Experts predict that tokens will soar by over 800% during the presale, with over 100 million tokens being sold in less than a month. However, with stage three completely sold out, investors need to act fast to capitalize on Rollbock before its token soars.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino