Ethereum is trading in the $3k+ zone, nearly 32% down from its ATH of $4.8k. But the Rollblock (RBLK) online casino protocol is set to bring incredible value to the Ethereum network
This emerging GambleFi protocol is disrupting the half-trillion gambling industry, and could, along with other bullish factors, help make true a $5,000 ETH price forecast. Let’s find out why.
Rollblock is an Ethereum-based gambling protocol turning the online casino market on its head with a blockchain-powered hybrid infrastructure model crypto casino. The platform’s GambleFi ecosystem supports AI, crypto, and copy-betting strategies, offering more competitive odds to players.
Users can wager on more than 7,000 games and a wide range of live sports events with 20+ cryptocurrencies. All player and casino activity is posted on-chain, so no one can alter bets, ensuring a fair gaming experience.
But it is the Rollblock’s revenue sharing model that’s driving investors crazy. Each week, a portion of the funds generated on the casino floor is allocated for token buybacks. Some of the repurchased tokens are burned out of supply to create scarcity and push the token price up, while the rest are paid out as a weekly dividend to RBLK token holders, with investors earning up to 30% APY!
The prospect becomes even more inviting if you consider Rollblock’s market potential. The gambling industry is forecasted to grow into a $700 billion empire in a few years. Bringing crypto betting solutions to the masses positions Rollblock to take a substantial share of this market and rise into a multi-billion online casino juggernaut on Ethereum, contributing to the network’s growth.
Analysts predict extensive presale growth for RBLK, and a potential explosion past 50x once the project launches in the open market.
Ethereum’s end-of-year rally faced rejection in the $4,100 zone, and ETH has been trickling down in the past six weeks.
Recently, ETH collapsed to the $2.9k zone but has been recovering well as it creeps back above $3,000. The drawdown pushed ETH over 8% down monthly, leaving investors coping with a meager 32% year-to-date yield.
Despite recent weakness, the ETH price forecast for January paints a bullish picture. Per CoinCodex, ETH is predicted to blow past its ATH and rocket upwards past $5,000, pulling a 51% potential return.
Several bullish factors could drive Ethereum's price upwards. The Ethereum ETFs are anticipated to attract substantial investment from institutional investors, potentially pushing ETH prices up.
The highly anticipated Pectra upgrade scheduled for March is also creating excitement. It’s set to significantly improve Ethereum's scalability, security, and overall user experience, further solidifying its position as the leading blockchain for dApps.
A 68% bullish community sentiment also showcases optimism among Ethereum traders and investors.
Positive Ethereum ETF inflows, ongoing ecosystem upgrades, and the launch of innovative projects like Rollblock are the top reasons why analysts believe Ethereum will smash the $5,000 ETH price forecast this year.
The Rollblock ICO has garnered over $8.8 million, and tokens are selling out fast at $0.046, so race to grab your share before the price ticks up.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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