Ethereum and Ripple Underperform as Bitcoin Leads the Market
This week, Ethereum ($ETH) and Ripple ($XRP) have been outpaced by Bitcoin, as the majority of altcoins continue to experience declines. However, crypto casino Rollblock ($RBLK) has surged, reaching new highs as investors rush into what could be a future 200x moonshot.
Ethereum ($ETH) Losing Ground to Bitcoin
Ethereum has been struggling to keep up with the broader market recovery, as the ETH/BTC ratio has dropped to 0.03—a significant 27% decline over the past three months.
Since April 2021, this ratio has not fallen below 0.04, with a steady decline since its December 2021 peak of 0.088. Furthermore, Ethereum ETFs have seen net outflows totaling $581 million, which pales in comparison to Bitcoin’s inflows of $17.3 billion.
While Ethereum may see a rally from this point, investors should exercise caution and be prepared for potential further downside.
Ripple ($XRP) Frustrates Holders Amid Choppy Trading
Ripple has had a decent bounce this week, rising 9% to $0.58, but has still underperformed Bitcoin. Over the past six months, Ripple investors are down nearly 4%, with XRP continuing to trade in a choppy range.
Key Ripple moving averages are well below current levels and may offer strong support in the event of a price drop. The 100-day moving average at $0.53, in particular, looks like a solid point for a Ripple bounce.
Rollblock ($RBLK): Revolutionizing the Casino Industry with Blockchain
Rollblock ($RBLK) is making waves in the $450 billion gambling industry, aiming to eliminate manipulation through the use of blockchain technology.
By leveraging the Ethereum blockchain, Rollblock securely encrypts all transactions and bets, ensuring that no changes can be made. This allows players to verify their bids independently, confirming that no manipulation has occurred.
The platform is fully crypto-native, allowing players to create accounts with only an email address and crypto wallet—no need for personal KYC details. Winnings are paid out in the native RBLK token, which is gaining traction thanks to its strong utility and deflationary tokenomics.
Key Features of Rollblock ($RBLK)
- Immutable blockchain technology ensures secure and transparent betting.
- No KYC required, providing full privacy for players.
- Payouts in RBLK tokens, offering strong potential for value growth.
- A percentage of platform profits used to buy and burn RBLK tokens, reducing supply.
- Generous staking rewards of up to 30%, increasing token scarcity.
Future Prospects: 200x Gains on the Horizon?
With a perpetual buyback and burn mechanism in place, selling pressure on Rollblock ($RBLK) is expected to decrease, leading to increased scarcity. This, combined with staking rewards, positions RBLK for significant growth. Analysts are tipping RBLK for potential 200x gains this cycle, and investors are encouraged to seize the opportunity at the current price of $0.027.
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