SPONSORED POST*
The Ethereum price crossed $3,600 for the first time this year on November 28, causing an optimistic ETH price prediction of $10,000 by 2025. The bullish move among ETH investors is fueled by the decline in the Bitcoin price, higher demands for ETH exchange-traded products (ETPs), and the speculation of a new altcoin season.
In other news, a new altcoin called Rollblock has been attracting Ethereum whales. The casino token already raised over $6.2 million in its ongoing presale, causing positive predictions as the next altcoin to explode. Why are investors locking in Rollblock alongside Ethereum tokens? Let’s find out.
Ethereum crosses $3,600: Will it find new support levels?
Ethereum has been one of the least-performing altcoins for the greater part of 2024. However, the cryptocurrency has now rediscovered its strength in the crypto market following a recent bull drive that saw the Ethereum price cross the $3,600 mark for the first time this year.
There has been more accumulation of Ethereum tokens by crypto whales, who are driving the coin’s growth despite increased short positions. The bullish drive is still on, with the ETH price increasing by over 6% in the last 24 hours. This has caused an optimistic Ethereum price prediction of $10,000 among some analysts. However, ETH must break significantly higher support levels for this to happen.
Increased exchange-traded product (ETP) interest will drive ETH growth
If the 2025 ETH price prediction of $10,000 becomes a reality, one of the major drivers will be an increased demand for Ether exchange-traded products (ETPs) like the Ether spot exchange-traded funds (ETFs). Analysts predict that the entire crypto market will benefit from the increased demand as more institutional investors enter the market through the traditional finance angle and trade financial instruments with cryptocurrencies as their underlying assets.
In other words, people looking to trade crypto under regulated environments can leverage ETPs, since they are safe and more convenient ways to back Ethereum and other tokens like Solana (SOL) and Ripple (XRP) that will potentially get spot crypto ETF approvals by 2025.
Rollblock shakes up the altcoin market with its new casino token
Positive growth in the Ethereum ecosystem will rub off on Ethereum tokens like Rollblock, a new ERC-20 token powering Rollblock Casino. The new casino token has already been having an excellent run in the crypto market, with its presale raising over $6 million. Ethereum investors have been turning to Rollblock as an alternative investment opportunity to diversify their portfolios.
That’s because of the project’s exciting features, including its rewards program with a unique revenue-sharing system that will allow investors to earn a share of the casino’s weekly revenue as passive income. Another passive income opportunity within the Rollblock ecosystem is its decentralized finance (DeFi) staking, which allows token holders to lock their assets for up to 30% annual percentage yield (APY) in staking rewards.
Moreover, the casino caters to online gamblers with its packed gaming library, comprising thousands of games. Overall, the GambleFi opportunities comprising real-money gaming and passive income earning set Rollblock apart from its competitors.
Conclusion
The Rollblock presale is currently in stage 8, with each token trading at around $0.037. Early investors can buy RBLK at a discount before it increases to $0.041 in stage 9.
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.
Source: https://en.cryptonomist.ch/2024/11/29/eth-price-prediction-bullish-breakout-ahead-etp-interest/