Institutions Scoop Up More Bitcoin

SPONSORED POST*

Three stories are dominating the headlines as the market shifts back into a fresh rally. Institutions start scooping up Bitcoin (BTC) at an even faster rate, Polygon (MATIC) is set to surge on technicals and Rollblock (RBLK) emerges as the top altcoin with its record-breaking presale and 100x growth estimates.

Biggest Beneficiary of Ethereum ETFs: Bitcoin

One month ago, everyone was excited about the arrival of new Ethereum ETFs, but it turns out that institutions have been buying more Bitcoin ETFs instead. Investment bank Goldman Sachs recently disclosed that it now owns more than $400 million worth of Bitcoin ETFs that it purchased during the last few months. 

The Bitcoin price led the market down during the recent rout but managed to stay within its $50,000 to $70,000 trading range. Institutions took this Bitcoin price drop as an opportunity to buy up more of the asset through ETFs. With more institutional investment on the way, Bitcoin’s price is set to soar in Q3. 

Polygon’s Bollinger Squeeze Set to Explode Higher

Polygon’s price action has technical traders excited for an upcoming breakout from its recent lows. Polygon has been trading flat and at low volatility for the last two weeks, which has formed a classic Bollinger Squeeze technical pattern. Analysts now expect Polygon to break out of this period of low volatility sometime next week.

Polygon’s price has been consolidating around $0.40 since it fell with the broader market rout. While the rest of the market has been bouncing back, Polygon has remained trapped at this 30% drop for the month.

Rollblock Early Adopters See 100% Return at Presale Midpoint

Rollblock is now the top crypto presale, with its early adopters seeing more than 100% returns as it reaches its midpoint. Rollblock opened the fifth stage of its eight-stage presale last week at $0.0205, which is a 105% return on its first stage opening price.

Rollblock is the top altcoin in the GambleFi space, which is set to be the biggest sector in the upcoming crypto bull market. The $450 billion global gambling industry is in desperate need of change, and Rollblock has a winning formula for bringing in transformative blockchain technology.

Rollblock’s revolutionary revenue-sharing program is attracting players and investors alike. Rollblock buys its own tokens back from the market, using up to 30% of each day’s revenue. Half of the tokens are burned to keep RBLK deflationary, while the remaining half is rewarded for staking on the platform.

RBLK is a gambling token that generates a return for its holders without even needing to be played.

Players are impressed by Rollblock’s cutting-edge casino, with seamless and anonymous access to 150 of the industry’s best games and a massive sports betting platform to be released soon. All this is accessed through the latest UX design, which leaves old, traditional casinos looking stale and boring.

Rollblock’s current price of $0.0205 is expected to double again before the end of the presale on the back of insatiable demand for this gambling token. At the current rate of player growth, analysts expect RBLK to be worth between $2 and $4 by the end of 2024.

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

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino 

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