Crypto whales are repositioning ahead of the next crypto bull market. Some of the biggest shifts have been out of Ethereum (ETH) and Litecoin (LTC). A major destination for these outflows has been GambleFi and its top altcoin, Rollblock (RBLK). Rollblock’s innovative crypto casino is turning heads with 250x growth projections for 2024.
Whales Exit Ethereum After ETF Flop
The Ethereum ETF failure was one of the biggest reversals of sentiment in 2024. Ethereum ETFs were expected to trigger massive growth in the ecosystem and demand for the token, but instead marked a high point before a huge Ethereum crash that dragged the rest of the market down with it.
The Ethereum price peaked at around $4,000 at the height of the excitement over ETF approval. Ethereum’s price had dropped slightly to $3,500 by the launch date, where it then fell a further 30% at the lowest point.
Litecoin’s Transaction Model Continues to Suffer
The recent crypto downturn marked the end of many whales’ patience with their long-suffering Litecoin holdings. Litecoin has been struggling to differentiate itself in a market where fast and cheap transaction speeds are now the norm. Litecoin users now have access to large utility ecosystems, such as Solana, that also feature competitive transactions.
The Litecoin price is currently trading at the low end of its long-term range. This year’s 10% drop in the Litecoin price is marking the exit point for many crypto whales.
Crypto Whales Choose Open Horizons of Rollblock
Whales with fresh capital to invest are turning to the wide open horizons of GambleFi and the top altcoin in the sector, Rollblock. Rollblock’s crypto casino is changing how the game is played and rapidly accumulating market share in the $450 billion global gambling industry.
Players used to cumbersome red tape and expensive transaction fees can now enjoy more than 150 of the best games in the industry from anywhere in the world and using a huge range of tokens and currencies. Blockchain technology has changed how people gamble online, and Rollblock is at the front of the pack when it comes to incorporating the latest technology.
Rollblock also brings a crypto approach to their player growth and engagement. Rollblock is all over social media and regularly hosts new events and giveaways. Rollblock’s recent Paris Olympics event was a huge hit that saw record-breaking player registration on its platform. This crypto approach makes Rollblock feel like a real, live casino filled with other players seeking profit and fun.
Rollblock’s biggest innovation is its profit-sharing program. Rollblock employs 30% of its daily revenue in open market buybacks. These buybacks are used to fund a generous staking rewards program or are used in daily burns that keep RBLK on a deflationary path.
Analysts expect that these inflows will grow exponentially after Rollblock’s upcoming ICO, with the highest growth estimates reaching 250x by the end of 2024.
Investors can still get in on the ground floor during stage five of Rollblock’s presale at $0.0205.
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Source: https://www.crypto-news-flash.com/rollblock-rblk-cryptos-big-winner-attracting-major-attention-from-ethereum-eth-and-litecoin-ltc-whales/?utm_source=rss&utm_medium=rss&utm_campaign=rollblock-rblk-cryptos-big-winner-attracting-major-attention-from-ethereum-eth-and-litecoin-ltc-whales