Ethereum’s network activity has surged to record highs as the token’s institutional inflows reached a yearly high level. Solana is also overcoming its brief correction from last week as investors reenter the market with optimism. Meanwhile, Rollblock’s presale is poised for 880% gains within the next few weeks as the low cap crypto dominates the DeFi altcoin market.
Ethereum (ETH) Institutional Inflows Hit Yearly High During Ongoing Rally
Ethereum is finally gaining momentum after trading sideways for the last few months. This week, Ethereum’s institutional products have exceeded $2.2 billion in net inflows which is a new yearly high. Since Ethereum itself has seen an impressive capital inflow of $634 million, analysts believe Ethereum could follow the same explosive trend as Bitcoin in the next few weeks.
Ethereum is currently trading for $3,602.13 after an intraday increase worth 0.77%. Ethereum’s volume has also surged by 6.26% which suggests high buying pressure and network activity. Since Ethereum’s RSI is still in the neutral zone and the MACD indicator confirms the upward trend, analysts believe Ethereum’s price could test the critical $4,178 and $4,652 levels soon.
Solana (SOL) Overcomes Brief Correction After Massive Liquidations
Solana’s price experienced a smooth upswing worth more than 36% over the last 30 days before selling activity surged. Since Solana holders were liquidating their assets last week, Solana’s price crashed by a minor 1.43%. This correction can also be attributed to Solana’s RSI which entered the overbought zone on the SOL/USDT daily chart.
Since Solana’s RSI has made a quick recovery, analysts are still optimistic about Solana’s price testing the $300 and $400 levels before the end of Q4. Solana is currently trading for $224.58 after a minor intraday increase of 0.37%. Since the recent price crash was considered a good opportunity to reenter the market, Solana is experiencing high buying activity once again.
Rollblock (RBLK) to Follow ETH and SOL’s Explosive Trend in Early 2025
Rollblock might be a new low cap crypto in the market but it is already making a name for itself in the DeFi altcoin space. Since Ethereum and Solana are now trading at high prices, Rollblock is offering an easy entrance into the market with its viral presale. Even though Rollblock is poised for even bigger gains than ETH and SOL by early 2025, the new GambleFi token is selling for a low price of just $0.037 before the highly anticipated 100x rally.
The reason why Rollblock is poised for such massive gains is the platform’s strategy to target the $500bn per annum global gambling market. Since traditional iGambling platforms are known for poor security protocols and data breaches, Rollblock is filling a huge gap in the market with its Ethereum-backed and crypto-native GambleFi project. Even if Rollblock manages to capture a 1% market share, it could easily dominate the crypto GambleFi space and make its way into the Top 10 cryptos by market cap.
Rollblock’s investors can also earn a consistent passive income in the form of RBLK tokens through the platform’s revenue-sharing model. At the end of each week, Rollblock uses up to 30% of its gaming revenue to purchase RBLK on the open market. 40% of these tokens are distributed to current long-term liquidity providers as staking rewards with the highest APYs in the market and the remaining 60% are burned forever to maintain Rollblock’s hard cap on circulating supply.
Given these deflationary tokenomics, it is no surprise that Rollblock is already poised for 880% by the end of its explosive presale.
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Website: https://presale.rollblock.io/
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