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Bitcoin is experiencing slowed growth after surpassing the major $100K milestone in early December. Ethereum is showing some signs of recovery as the token’s whale holdings have increased by 1.12 million.
Meanwhile, Rollblock’s new low cap crypto is also gaining traction after raising more than $7 million during its presale stages.
Bitcoin’s price was on a massive rally as it surged past the critical $100,000 milestone. This sudden uptick created a panic selling sentiment amongst Bitcoin’s short holders who started booking profits. Bitcoin is now stuck at the $97,000 support level which is making analysts unsure about the token’s future growth.
Bitcoin is currently trading for $98,818.45 after an intraday surge of 2.41%. Bitcoin’s volume has decreased by 17.88% during this period which indicates that the selling pressure is cooling down. If Bitcoin’s MACD indicator turns positive, analysts believe Bitcoin could test the critical $108,561 price target before surging towards the $120,682 resistance.
Ethereum suffered a massive hit after Bitcoin’s price crashed on December 10. However, Ethereum is showing impressive resilience because it has already started a recovery period. Despite the recent market sentiment, Ethereum’s daily active addresses have increased which typically suggests strong investor confidence. Ethereum wallets holding between 1k and 10k tokens have also increased from 13.2 million to 14.32 million which indicates massive whale accumulations.
Ethereum is currently trading for $3,784.67 after an intraday increase worth 5.49%. Ethereum’s volume has decreased by 32.32% over the last 24 hours which means network activity is cooling down. Since Ethereum’s RSI has already reached the neutral zone at 59, analysts believe Ethereum’s price could surge towards the $4,179 resistance before the end of Q4.
Rollblock is making waves in the crypto market with its viral GambleFi project that is already poised for 880% gains. Since Rollblock’s strategy is to bring the fun and excitement back to the boring world of crypto trading, traders are flocking to Rollblock’s presale to get a piece of the pie. Rollblock has already raised more than $7 million in record time but analysts are optimistic about this new GambleFi project becoming one of the biggest gainers by the end of Q4.
The reason why Rollblock is breaking records every week is the platform’s Ethereum-backed security system. Instead of relying on subpar security measures like traditional iGambling platforms, Rollblock has integrated Ethereum’s immutable blockchain to encrypt all financial data and bets. With this security measure, Rollblock ensures that every trade placed on its platform is 100% secure, unchangeable and transparent. In addition, Rollblock also allows users to view transparent betting analytics to help them improve their performance over time.
Rollblock currently has 7,000+ games on its ecosystem that are all audited and regulated by SolidProof and Gaming Curacao. Since all games on Rollblock are completely AI-powered, users do not have to wait for another opponent to join before they can start playing. As users play and win, they can earn more RBLK tokens which can be staked in exchange for weekly staking rewards with up to 30% APYs.
Even with this revolutionary mechanism, Rollblock is still selling tokens for a low price of just $0.0041 during stage 9 of its presale. If Rollblock can maintain this uptrend, analysts believe this new project could capture a huge market share of the $500bn per annum global gambling market and target the gains of Bitcoin and Ethereum in the next few years.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
