Ethereum and Shiba Inu may have thousands of investors, but even the most loyal whales are giving up on these tokens now. After suffering tremendous losses, savvy traders are now switching to Rollblock’s viral crypto casino that has already rallied 150% in presale.
Ethereum Whales Dump $493M Worth of ETH
Ethereum’s on-chain analysis looks extremely bearish right now as Ethereum whales offloaded $493 million worth of Ethereum on centralized exchanges. Since this dump is hinting at a massive sell-off, Ethereum’s price has already plunged 1.39% today after losing investor interest. For now, Ethereum is trading at $2,325.05.
According to the ETH/USD daily chart, Ethereum is under strong bearish dominance as the token fails to breach its 50-, 100-, and 200-day EMAs. Ethereum’s RSI is also plunging, suggesting room for more declines before reaching oversold territory. Since Ethereum’s volume is also down by 6.64%, analysts believe Ethereum’s price could fall to the $2,005 support in upcoming weeks.
Shiba Inu’s (SHIB) Decline Marks the End of Memecoin Era
Shiba Inu’s price plunged by 4.71% over the past 30 days after hitting a peak towards the end of August. With another minor 0.20% decline, Shiba Inu is currently selling at $0.00001335. Since this price is below Shiba Inu’s 50-, 100-, and 200-day exponential moving averages, analysts believe Shiba Inu investors could start booking profits soon.
The only hope left for Shiba Inu investors now is the Momentum Indicator and MACD Level which are both flashing buy signals. If buying pressure picks up, Shiba Inu could breach the $0.00001358 pivot and test the $0.00001637 resistance. If the bears gain dominance, Shiba Inu may plunge to the $0.00000825 critical support.
Rollblock’s ($RBLK) Deflationary Tokenomics Attract 13,000 Early Investors
Although Ethereum and SHIB are known as two of the biggest tokens in the market, Rollblock’s new GambleFi ecosystem is already targeting their success. With nearly $3.5 million already raised in presale, analysts are tipping at Rollblock’s massive 100x potential by the end of 2024.
Rollblock’s presale has already attracted more than 13,000 early investors who are ready to watch this new token disrupt the gigantic gambling industry, which is valued at over $500 billion. Traditional casinos are unable to keep up with Rollblock because the token’s impressive integration with Ethereum’s blockchain technology allows Rollblock to ensure unchangeable bets and provably fair gambling.
Apart from this gold-standard security, Rollblock’s casino is fully audited and regulated by Solid Proof. Even in presale, Rollblock features 7000+ AI-powered games that includes both casino classics and exclusive web3 titles. Ahead of the official launch, Rollblock plans to add a sports betting feature, allowing traders to bet on the outcomes of games in various sports divisions.
Since Rollblock’s native $RBLK functions as a utility token, long-term holders are entitled to weekly staking rewards with up to 30% APY. These rewards are distributed with Rollblock repurchasing tokens on the open market. While half are used as rewards, the remaining are burned forever to slowly reduce Rollblock’s circulating supply of 1 billion tokens and ensure deflationary tokenomics.
Rollblock has already rallied 150% during its presale to reach an all-time high of $0.025. As momentum picks up, Rollblock is expected to hit 800% gains even before its official release.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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