The hugely popular meme coin Shiba Inu recently delighted its long-term holders with a huge acceleration in its burn rates to spur on a recent bounce.
This comes as Ethereum is beginning to play catch-up in the market, and early-stage investors in the Web3 casino Rollblock ($RBLK) look forward to a glorious 2025 with potentially 50x returns.
Shiba Inu ($SHIB) Burning Through Supply In Hugely Bullish Move
Shiba Inu ignited its token-burning engines recently as the SHIB burn rate increased by a massive 6,223%. The Shiba Inu price has responded positively to this decrease in circulating supply with a 3% move in the last 7 days to reach $0.0000025.
Shiba Inu is approaching fierce resistance on its daily chart, although technical data suggests a bullish Shiba Inu’s 50-day moving average recently crossed the 200-day moving average to create a golden cross formation. This points to further expansion for Shiba Inu in the coming days and could see Shiba Inu test $0.00004 with enough of a push from buyers here.
Shiba Inu RSI is currently at 66.26, a sure sign of massive buying pressure in the markets.
Ethereum ($ETH) Bounces At Last
Ethereum has finally started to move, much to the delight of its long-term holder base. Ethereum is up over 8% this week, bringing the Ethereum price back up to $3.3K. Ethereum buyers look to be stepping in here in decent size, as an encouraging 24% spike in 24-hour trading volume was detected across exchanges today. This has resulted in over $48.6 billion of Ethereum changing hands on the last day of trading.
Ethereum is likely responding warmly to the resignation of SEC chair Gary Gensler, who will be stepping down in January next year. Ethereum is likely to soar past $4K with the introduction of a more crypto-friendly chair and the advent of more dovish crypto regulation in 2025.
Rollblock ($RBLK) Gears Up For Sports Betting As Presale Accelerates
The future of online gambling has arrived with the hugely disruptive Web3 GambleFi protocol Rollblock ($RBLK). Rollblock has currently attracted more than $5.8 million in early-stage funding, as thousands of investors step up to allocate to this cutting-edge new arrival in the $450 billion gaming space.
Rollblock has found a novel use case for the Ethereum blockchain, securely inscribing all transactions on-chain and eliminating any risk of bet tampering.
Rollblock is fully live and offers a huge range of over 7,000 fully immersive, community-backed casino classics including poker, roulette, and new favorites like Cash Compass. A forthcoming sports betting feature is also soon to be unveiled, which will bring in huge numbers of sports fans looking to have a flutter on every conceivable kind of sporting tournament.
Rollblock looks ready for crypto gaming dominance with a hard cap of a billion tokens and a deflationary supply issuance that will see Rollblock profits used each week to pull potentially millions of coins off exchanges. 60% of these tokens will be burned immediately, and community members will enjoy the remaining 40% through a generous staking rewards program.
Rollblock is currently in stage 8 of its presale and priced at $0.036. Investors enjoy a 50% $RBLK bonus throughout November while stocks last.
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This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
Source: https://bravenewcoin.com/insights/shiba-inu-burn-rate-spikes-6223-but-eth-whales-load-up-on-this-altcoin-with-better-tokenomics