RollBlock Hits New ATH: Can Ethereum and Ripple Prevent Further Losses?

The State of the Crypto Market: Profit Pandemic or Promising Opportunities?

As the crypto bull market struggles to gain momentum and requires a liquidity boost, it might seem like there’s a profit pandemic affecting major cryptocurrencies. Legacy cryptos like Ethereum and Ripple have faced significant challenges recently:

• Ethereum: Down 23% in August, and the price has been disappointing despite the launch of Ethereum ETFs and over $1 billion in inflows.
• Ripple: Down 5% this month and over 85% since its all-time high (ATH) in 2018.

However, the new cryptocurrency Rollblock is defying the trend. The presale token has recently hit a new ATH of $0.024, up from $0.01 at launch.

Ethereum’s Underperformance Post-ETFs Launch

Ethereum was anticipated to experience a price surge following the launch of Ethereum ETFs in July. Despite significant inflows exceeding $1 billion, the price of Ethereum has been underwhelming. Factors such as market trends and previous cycle failures may be influencing its performance.

Looking ahead, the bull market is expected to gain traction in Q4, especially with the upcoming US elections in November. Predictions suggest that Ethereum could reach $10k by the cycle peak, although it failed to deliver in the previous cycle.

Ripple’s Performance and Legal Challenges

Ripple’s price movement has closely mirrored Bitcoin’s performance, showing a 5% decline over the same period. The Ripple team faced a challenging period with the SEC’s legal actions. However, a favorable court outcome, which confirmed that XRP is not a security, has led to improved prospects for the cryptocurrency.

Year-to-date, Ripple’s price has fluctuated but remains up by 9%. Future performance will likely be influenced by the overall bull market. While ambitious predictions from the XRP Army suggest a $100 price target, it may be more practical to consider taking profits if the price reaches $1, representing a 90% increase from current levels.

Rollblock’s New ATH and Future Prospects

Amidst a volatile crypto market, Rollblock stands out by achieving a new ATH and attracting substantial investment. As of stage 6 of its presale, the token has increased nearly 150% since the presale’s inception. Analysts forecasted gains of up to 880% during the presale and potentially 100x after launch.

Rollblock is gaining attention for its innovative approach as an online gambling platform. Unlike traditional platforms, Rollblock combines the benefits of blockchain technology, such as transparency and immutability, with its services.

What sets Rollblock apart is its revenue share model. Token holders receive a portion of the platform’s revenue, and the staking program offers an impressive 30% annual percentage yield (APY). This model positions Rollblock as more than just a gambling platform, emphasizing its potential for long-term growth and investor appeal.