Ethereum (ETH) and Shiba Inu (SHIB) were once among the leading lights of the crypto industry. The operative word being “WERE.” Entering 2024, both legacy tokens are increasingly looking like yesterday’s news as the action moves to new altcoin projects with a lot more momentum and upside potential. One of those new altcoin projects is Rollblock—the next-generation iGaming and GambleFi protocol. Early investors are already 150% up on their initial entry on Rollblock—and it’s only headed higher with its plans to buyback and burn over $20M of its $RBLK token. Learn why this new altcoin is being tipped to surpass ETH and SHIB in the future.
ETH ETF outflows reach $500 million; tanks Ethereum prices
ETH holders were all buzzing after the first spot ETH ETF providers started trading on July 23rd. However, the ETH ETF mania turned out to be a dud after over $500 million in institutional investor outflows were recorded, and Ethereum token prices tanked. As at press time, Ethereum was trading at $2,218, seriously losing ground to new altcoin contenders and faster smart contract platforms. It turns out, the ETF hype was simply a “buy the rumor, sell the news” type thing—and as of 2024, the news is completely sold out. Even the Ethereum Foundation has been dumping ETH on a regular basis ever since the ETH ETF hype train ended.
SHIB token burn fails to spur any positive momentum
SHIB transitioned from an inflationary tokenomics scheme to a deflationary one. Three years since its transition, over 410 trillion SHIB tokens have burned, and SHIB prices remain in the dumps. SHIB trades at $0.000013, starting off the first week of September with a 6% loss. SHIB is but a shadow of its former self. Despite building out its infrastructure and ecosystem, SHIB has failed to garner serious investor interest as they opt to invest in new altcoin projects like Rollblock.
New altcoin Rollblock turns on the jets with a 150% gain in September
New altcoin Rollblock is on a superheated roll as it continues its breakout with a scorching 150% gain to kick off stage 6 of its presale. Since its launch, $RBLK token prices have risen from $0.01 to $0.025, putting presale investors in the green even before it lists. Analysts are tipping Rollblock to outperform ETH and SHIB in 2024 as far as EOY gains are concerned, given its low market cap and first-mover status in the lucrative $500B online gambling industry.
Rollblock is bringing the cutting edge of online gambling into the Ethereum blockchain, giving users the chance to bet on their favorite casino games and sporting events with the utmost transparency. Even better is Rollblock’s suite of passive income-earning opportunities. For instance, $RBLK holders can stake their tokens at a 30% APY while earning passive income from a revenue share in the casino’s profits paid out as a weekly dividend.
This makes Rollblock one of the most tantalizing investment opportunities around. GambleFi is expected to grow by leaps and bounds in the coming years, and Rollblock is right at the forefront of the industry.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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Source: https://www.crypto-news-flash.com/new-altcoin-predicted-to-buyback-and-burn-20m-of-native-token-surpassing-eth-and-shib/?utm_source=rss&utm_medium=rss&utm_campaign=new-altcoin-predicted-to-buyback-and-burn-20m-of-native-token-surpassing-eth-and-shib