Ethereum and Chainlink are giving mixed signals. Investors have been hedging against uncertainty by rotating funds in a low-cap underdog that has been getting a lot of traction lately: Defi casino Rollblock.
Ethereum Continues To Range, $96.6 Million Transfer Sparks Criticism
Ethereum has been moving in a narrow channel for a few weeks now. Ethereum is currently hovering around the $2,700 mark with slight deviations in either direction. Ethereum is now selling for $2,738 with a small 0.3% decrease in the last 24 hours and $8,157 billion in volume, a significant drop from the $14 billion average.
Less than a day ago, Ethereum was at the center of controversy as the Ethereum Foundation transferred 35,000 ETH raising transparency concerns. The team clarified the situation stating that this transfer was part of routine “treasury management activities.”
Chainlink Breaking Out Of A Falling Wedge?
Chainlink is currently priced at $12.34 with a 2.4% increase in the last 24 hours. Chainlink has seen significant struggles in the past few weeks as it was stuck in a narrow range around the $10 mark. A few days ago, Chainlink finally managed to break above $11 and is steadily gaining momentum, reclaiming several key resistance levels.
Despite its overall underwhelming price performance, Chainlink remains an important project in the crypto landscape as it acts as a bridge between real-world data and the blockchain, spearheading the tokenization of real-world assets.
Analysts expect Chainlink to continue rising in the next few months and possibly even reach its previous $52 all-time high if the market maintains this trajectory
Rollblock Presale About To Cross $2.5 Million
Rollblock’s native token RBLK is having an all-gas-no-brakes moment as it continues to surge with complete disregard for the adverse market climate.
Rollblock has made it a mission to solve the issues of lack of transparency and trust that have been turning users away from the online gambling space. It does this by leveraging blockchain technology meaning that recorded transactions are easily traceable and immune to manipulation..
The platform boasts a vast 150-game catalog with sports betting to be added in the upcoming months. No KYC verification is required, players just need to connect their crypto wallets or sign up via email.
The RBLK token powers the casino’s novel revenue-sharing model. The casino will reinvest up to 30% of its generated revenue to buy back RBLK tokens every week. 50% of the tokens will be airdropped to holders as recurring staking rewards. The other 50% will be burned forever, creating the perfect deflationary environment for RBLK to skyrocket when the bull market is in full swing.
Analysts predict a massive 100x price multiplier in 2025. The RBLK presale is currently wrapping up Stage 5, and an 800% surge is expected by the end of the eighth and final stage. Right now, the price of RBLK is $0.022, which is a great entry point for investors who want to start building a position today!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
Source: https://blockchainreporter.net/ethereum-and-chainlink-investors-navigate-choppy-waters-revolutionary-gamblefi-platform-promises-user-base-largest-rol/