Why Whales Are Interested in Ethereum, Rollblock, and Ethereum Classic

A dramatic change of events has increased investor confidence in the altcoin market as the U.S. Securities and Exchange Commission (SEC) has chosen

A recent change of events has dramatically increased investor confidence in the altcoin market. As the U.S. Securities and Exchange Commission (SEC) has chosen to withdraw from its investigation into Ethereum, large investors, sometimes known as "Whales," have begun to accumulate Ethereum, Rollblock, and Ethereum Classic in response to this development. Let us find out why whales are interested in these top altcoins.

One Of The Top Altcoins With A Promising Future: Rollblock (RBLK)

Because of the novel features that Rollblock introduced to the online gaming industry, it is considered unique in the altcoin space. A licensed and operational online gaming platform is powered by RBLK tokens, which brings about quantifiable improvements in functionality and transparency through the use of blockchain technology. This translates to a better user experience than traditional online gaming platforms, which are often mired in outdated technology and lack transparency.

Specifically, RBLK is in a prime position to gain from the quickly growing iGaming industry, which is projected to grow to an astounding $179 billion by 2028. Its well-known platform draws attention to this action and offers it a sizable first-mover advantage. Furthermore, because Rollblock ensures anonymity and eliminates Know Your Customer (KYC) checks, it appeals to users who are worried about their privacy.

The project’s creativeness is further highlighted by its novel revenue-sharing arrangement. A purposeful buyback program in which Rollblock uses 30% of its weekly revenue to buy back RBLK tokens from the open market encourages token scarcity. This is because, in order to potentially increase the value of the repurchased tokens, a burning mechanism permanently removes half of them from circulation.

The remaining half is awarded to those who stake their RBLK tokens, proving their commitment to long-term investment that pays off. At just $0.014 per unit, RBLK is being sold during Stage 3 of the presale. The token’s value has increased by 40%, and analysts predict that it will increase further by 200% in June. The presale has raised over $780,000 so far, and it has the potential to raise over $1 million by the end of the month.

Increasing trader interest in specific cryptocurrencies has been noted by Santiment, a market intelligence platform renowned for onchain and social metrics. The platform reports that traders’ interest in the Ethereum coin has increased significantly as a result of the SEC’s decision to end its investigation into the cryptocurrency and Pantera Capital's announcement that it will buy $100 million worth of the Ethereum coin.

Meanwhile, a recent Ethereum price prediction indicates that the alt coin will increase by 2.46% by July 20, 2024, to reach $3,690.88. Moreover, technical indicators show that the sentiment is currently bearish and during the previous 30 days, Ethereum experienced 2.94% price volatility and 15/30 (or 50%) green days.

By July 20, 2024, the Ethereum Classic price is expected to have increased by 63.46%, to $40.08, based on a current Ethereum Classic price prediction. Moreover, technical indicators show that the current sentiment is bearish. Meanwhile, over the previous 30 days, Ethereum Classic saw 9.61% price volatility and 10/30 (33%) green days.

Furthermore, the projected yearly low Ethereum Classic price for 2025 is $24.52, based on the price movements of the alt coin in the past and the BTC halving cycles. In the meantime, it’s expected that Ethereum Classic will cost up to $121.48 in the coming year. At present, the price prediction for Ethereum Classic in 2025 ranges from $24.52 at the lower end to $101.48 at the upper end.

The SEC’s recent choice to end its Ethereum investigation has greatly increased investor confidence in the altcoin market, which has resulted in larger investors, or “Whales,” accumulating more altcoins. This increase in interest highlights the bright future of several altcoins, including Ethereum, Rollblock, and Ethereum Classic. Meanwhile, the way Rollblock approaches the iGaming market is unique.

Rollblock solves the drawbacks of conventional iGaming by providing a clear and user-friendly experience through the use of blockchain technology. The buyback and burn mechanism, revenue-sharing model, and privacy emphasis of the project all help to increase the token’s value. With the presale already raising a sizable amount of money and growth forecasts showing a significant increase, RBLK is positioned as one of the top altcoins with a promising future.

News source：https://www.kdj.com/cryptocurrencies-news/articles/whales-ethereum-rollblock-ethereum-classic.html

The above is the detailed content of Why Whales Are Interested in Ethereum, Rollblock, and Ethereum Classic. For more information, please follow other related articles on the PHP Chinese website!