Ethereum Hits 42 Month Low Against Bitcoin

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Ethereum and Bitcoin were both poised for big gains in Q4, but all those bullish predictions faded into oblivion when the ETH/BTC chart hit a 2-year low. Amidst this sentiment, investors are preferring low-cap ICOs like Rollblock ($RBLK) that show greater potential. 

Ethereum Looks Bearish on ETH/BTC Chart 

Ethereum has been on a downtrend since early August as recession fears hit the US market. Over the past month, Ethereum’s price has fallen 13.37%, hinting at strong bearish dominance. At press time, Ethereum was trading at $2,307.55 with Ethereum’s community sentiment 80% bearish. 

Due to increased selling pressure, Ethereum is trading below its short-term and long-term EMAs. Since Ethereum has also fallen to a 2-year low on the ETH/BTC chart, Ethereum’s price is unlikely to make a recovery any time soon. 

Bitcoin (BTC) Remains Stable Ahead of Federal Rate Cuts

Bitcoin’s price has remained relatively flat over the past few weeks, with analysts projecting substantial declines after the upcoming Federal Open Market Committee meeting. If officials announce the first interest rate cut in four years, Bitcoin’s price could plunge even deeper into bearish territory as traders become cautious about their investments. For now, Bitcoin is trading a little over $59,732 after an intra-day surge of 2.49%. 

Bitcoin and the broader crypto market are experiencing an election push as well since Republican candidate Donald Trump showed commitment towards making America the first crypto country. As a result, Bitcoin is gaining bullish momentum on the BTC/USD daily chart by trading above the 50-day and 200-day EMAs. If investors regain confidence, Bitcoin could climb to the $66,494 resistance in upcoming months. 

Rollblock’s ($RBLK) Low-Cap Gem Poised for Biggest Gains in Q4

While top cryptos like Ethereum and Bitcoin struggle to make significant price movements, Rollblock’s new low-cap gem is emerging as the hottest DeFi altcoin of the year. Rollblock’s GambleFi protocol doesn’t only offer an online casino, but it has a native utility token with deflationary tokenomics that is poised for 800% gains before the end of Rollblock’s ongoing ICO. 

Rollblock’s casino currently hosts more than 7000 AI-powered titles such as slots, roulette, blackjack, and new web3 games. Since the platform is already licensed and regulated by Solid Proof and Gaming Curacao, Rollblock investors don’t have to wait for the token’s official launch to start making gains. Even in presale, Rollblock’s casino has managed to raise over $3.5 million in record time, making it one of the fastest-growing iGambling platforms the market has ever seen. 

Since Rollblock is committed to creating a community of like-minded traders and gamblers, the platform is removing barriers to entry with no KYC verifications required on signup. This allows new traders to sign up by only connecting their wallets and depositing a crypto – no additional information is required. 

By investing in Rollblock during its presale, traders become part of a VIP group entitled to exclusive, tiered bonuses based on their $RBLK holdings. If traders become long-term holders and liquidity providers in the Rollblock ecosystem, they also receive weekly staking rewards with up to 30% APY. 

With this opportunity to receive a weekly passive income, savvy traders are rushing to get their hands on Rollblock’s native $RBLK token before the price skyrockets on launch day. For now, Rollblock’s presale stage six is nearly 70% sold out, with tokens selling at a low price of $0.026 each. 

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://rollblockpresale.io/

Socials: https://linktr.ee/rollblockcasino 

*This article was paid for. Cryptonomist did not write the article or test the platform.