Rollblock Hits $4.7m in Presale in Record Time Amidst US Election Market Turmoil

The crypto market is reacting accordingly as the much-anticipated US presidential election draws near. In particular, crypto market news is abuzz with the market potential boycott of Ripple (XRP) following their boss—Chris Larsen's $10 million donation to Kamala Harris.

The crypto market is abuzz with the upcoming US presidential election.

In particular, the market is reacting to news of Ripple (XRP) boss Chris Larsen’s $10 million donation to Kamala Harris, which has sparked a potential XRP boycott.

Meanwhile, Rollblock continues to attract attention with its impressive presale performance, while analysts predict a bullish run for Bitcoin (BTC) as investors flock to ETFs.

Here’s a closer look at the latest crypto market news.

Rollblock hits $4.7m in presale in record time

GameFi token Rollblock, which operates in the $450 billion industry, is making waves with its unique market positioning, which combines technological efficiency and innovative tokenomics.

The token attracts gamers who can try their luck at over 7,000 casino classics, including poker, roulette, and slot machines.

To incentivise users, the casino will use a percentage of its operating profits to buy back Rollblock tokens, burning 60% and allocating 40% to loyal punters with an impressive risk-free yield of up to 30%.

This tokenomics model appeals to thousands of gamers, which is now evident in the network’s growing followership base.

Currently in its presale stage 7, Rollblock is trading at $0.032. Moreover, revenue projections are set to multiply 100x before year-end, offering investors greater returns on their investments than their competitors.

Ripple (XRP) faces potential market boycott ahead of US presidential election

Ripple (XRP) has found itself at the centre of controversies ahead of the US presidential election.

In the latest development, Chris Larsen, the founder of Ripple, donated $10 million in XRP tokens to the Democratic flagbearer, Kamala Harris.

This decision comes against the backdrop of a previous $1m donation, sparking dissatisfaction among some users.

For instance, critical of Larsen’s move, notable investor Mike Alfred called for a boycott on X (formerly Twitter), stating, “There are no excuses left to support XRP.”

Ranking 7th in market capitalization at $29.8B, XRP is undoubtedly a heavyweight worthy of reckoning.

However, this recent controversy may result in market shifts and a downward trend for XRP.

Currently, XRP investors are divided on whether to hold or sell. Despite a previous milestone of $3, XRP has moved 86.3% away from its all-time high and might stay in the same range unless a strong rally pushes it again.

Bitcoin (BTC) price soars on ETF launch, sparking optimism for $100,000 target

Bitcoin (BTC), the largest cryptocurrency, has made quick gains since late September, with analysts predicting a rise to $100,000 in the next 12 months.

This insight is mainly driven by the demand for BTC ETFs, which have witnessed net flows of circa $2.11 billion since October 11.

BTC ETFs allow investors to gain exposure to Bitcoin (BTC) without directly buying or storing the cryptocurrency.

One key advantage of Bitcoin (BTC) ETFs is their simplicity and leverage of integration with existing financial systems.

Launched in January 2024, these BTC ETFs are now valued at over $60 billion in assets, indicating strong institutional support.

This has been reflected in recent gains, as Bitcoin (BTC) now sells for over $67,000.

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