Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only.
Ethereum is booming with record inflows while Rollblock’s GambleFi project is attracting traders’ attention, promising 880% gains amid BNB security issues.
Ethereum is regaining momentum during this bull season as its institutional products hit a yearly high in net inflows. Meanwhile, BNB has lost its position in the list of top 5 cryptocurrencies after its smart chain network was manipulated through multiple sandwich attacks.
Amid this sentiment, savvy traders are diversifying their wallets by investing in Roll blocks new GambleFi project already set for 880% profit.
Ethereum is seeing massive capital inflows during the ongoing rally
Ethereum is regaining its market dominance after losing investor confidence in recent months. Ethereum has seen a massive capital inflow worth $634 million over the past seven days, which is typically a strong indicator of bullish dominance. Additionally, Ethereum institutional products have also reached a new annual high with net inflows of over $2.2 billion.
Despite these positive indicators, Ethereum’s price has crashed by 2.08% in the last 24 hours to its current selling price of $3,553.19. Even though Ethereum volume has also declined by 1.28%, analysts expect Ethereum to continue its uptrend over the next few weeks after overcoming this short correction. With both Ethereum’s RSI and MACD indicators pointing to more room for growth, Ethereum price could rise towards the $4,178 and $4,652 levels in the next few weeks.
BNB is losing investor confidence after multiple sandwich attacks
BNB gained investor trust when its smart chain network was infiltrated by sandwich attacks. Due to BNB’s transparency and decentralization, more than 35% of BNB Smart Chain’s blocks were manipulated through sandwich attacks in November. Because these attacks artificially manipulate the price of an asset on DEXs, investors lose trust in BNB’s security protocols.
After a 0.84% intraday decline, BNB is currently trading at $732.09. With both BNB’s momentum indicator and MACD currently signaling sell signals, analysts believe BNB could suffer major losses if it doesn’t address these sandwich attacks soon. If BNB investors start booking profits, the price of BNB could crash to the $569.1 support.
Rollblock is positioning itself as the top low-cap cryptocurrency in the fourth quarter alt season
Rolling block attracts a significant amount of institutional inflows during the fourth quarter off-season as it is one of the most hyped low-cap altcoins in the market. Rollblock’s viral GambleFi project brings fun and thrills back to the outdated world of crypto trading by combining online gaming with massive crypto earnings. With Rollblock already seeing a huge influx of savvy traders and high rollers in Phase 8 of its presale, analysts are expecting an overall increase of 880% for RBLK ahead of its official launch on the open market.
Rollblock’s strategy of combining decentralized and centralized gaming into a crypto-native iGambling platform is the main reason this altcoin is already dominating the DeFi market. Instead of offering boring games like other play-to-earn tokens, Rollblock brings a variety of casino classics such as roulette, poker, blackjack and slots to its ecosystem. In addition, Rollblock also has a variety of new web3-based titles such as KENO and Max Car Racing.
The best thing about Rollblock’s gaming library is that all 7,000+ games are fully audited and regulated by SolidProof and Gaming Curacao, ensuring that the platform is 100% safe. To make things even better, Rollblock encrypts all financial data and relies on Ethereum’s immutable blockchain to provide traders with provably fair odds without third-party manipulation.
As traders play and win these games, they can collect more RBLK tokens that can be used for weekly passive income. Rollblock shares up to 30% of its weekly revenue with current holders as staking rewards via an open market buyback mechanism. As this massive buyback increases Rollblock’s demand, the 1 billion token supply cap puts deflationary pressure on the token’s price.
Although Rollblock is currently trading at $0.037 per token, analysts are already predicting a further price increase in the next few days due to Rollblock’s high demand.
To learn more about Rollblock, visit website and it is social networks.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this site. Users must conduct their own research before taking any Company-related actions.
Leave a Reply