Ethereum and Shiba Inu: Investors Abandoning These Tokens
Ethereum and Shiba Inu may have once been favorites among investors, but even the most loyal whales are now moving away from these tokens. Following significant losses, many savvy traders are turning their attention to Rollblock’s viral crypto casino, which has already surged 150% in its presale phase.
Ethereum Whales Dump $493M Worth of ETH
Ethereum’s on-chain analysis currently paints a bearish picture, with Ethereum whales having offloaded $493 million worth of ETH on centralized exchanges. This massive sell-off has led to a 1.39% drop in Ethereum’s price today, bringing it down to $2,325.05.
According to the ETH/USD daily chart, Ethereum is facing strong bearish dominance. The token has struggled to breach its 50-, 100-, and 200-day EMAs, and its RSI is declining, indicating potential for further drops before reaching oversold territory. With a 6.64% decrease in trading volume, analysts predict that Ethereum’s price might fall to the $2,005 support level in the coming weeks.
Shiba Inu’s (SHIB) Decline: End of the Memecoin Era?
Shiba Inu has experienced a 4.71% price drop over the past 30 days, following a peak in late August. With an additional minor decline of 0.20%, Shiba Inu is now trading at $0.00001335. This price is below the 50-, 100-, and 200-day exponential moving averages, leading analysts to believe that investors might start taking profits soon.
However, there is still some hope for Shiba Inu investors. The Momentum Indicator and MACD Level are both showing buy signals. If buying pressure increases, Shiba Inu could breach the $0.00001358 pivot and test the $0.00001637 resistance. Conversely, if bearish trends dominate, Shiba Inu might drop to the $0.00000825 critical support level.
Rollblock’s ($RBLK) Deflationary Tokenomics Attract 13,000 Early Investors
Despite Ethereum and SHIB’s prominence in the market, Rollblock’s new GambleFi ecosystem is quickly making a name for itself. With nearly $3.5 million raised in presale, Rollblock is expected to see significant gains, potentially achieving 100x returns by the end of 2024.
Rollblock’s presale has already attracted over 13,000 early investors who are eager to see how this new token will disrupt the $500 billion gambling industry. The token’s integration with Ethereum’s blockchain technology ensures secure, unchangeable bets and provably fair gambling.
Key features of Rollblock include:
- Fully audited and regulated by Solid Proof
- 7000+ AI-powered games, including classic casino games and exclusive web3 titles
- Upcoming sports betting feature for various sports divisions
As a utility token, Rollblock’s $RBLK offers long-term holders weekly staking rewards with up to 30% APY. These rewards are distributed through Rollblock’s repurchase of tokens on the open market, with half used for rewards and the rest burned to reduce the circulating supply of 1 billion tokens, ensuring deflationary tokenomics.
Having already surged 150% during its presale to an all-time high of $0.025, Rollblock is poised to potentially reach 800% gains even before its official launch.
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