Bitcoin recently smashed through the enormous milestone of $100,000, despite heightened volatility crashing the price to $91,000 in a matter of hours. As it approaches resistance, many traders are rotating into Ripple and rising GameFi star Rollblock ($RBLK), which is being tipped to make unbelievable 50x returns from here!
Bitcoin ($BTC) Running Into Selling Pressure On Break Above $100,000
Bitcoin is now a six-figure asset class, having broken through the enormous psychological level of $100,000 for the second time recently. Bitcoin has gained more than 45% in the last month alone, as huge optimism around the incoming crypto-friendly Trump administration has led to enormous buying pressure on-chain.
Trump’s potential creation of a Bitcoin strategic national reserve has seemingly kicked off a race to accumulate as much Bitcoin as possible before he takes office, as expectations are high that Bitcoin will continue to pump into 2025. As Bitcoin encounters heavy selling pressure above $100,000, investors will be looking to hedge their Bitcoin exposure with an allocation to altcoins that are likely to run faster from here.
Ripple ($XRP) Leveraged Traders Wiped Out On Dip
Ripple is one example of such a bullish token, as it has seen staggering growth recently. Ripple has added over 360% to its market cap in just 30 days, as its price rose by 6.6% in the last 24 hours to reach $2.39.
During the recent Bitcoin flash crash to $90,000, the Ripple futures market saw massive losses as over-leveraged traders were liquidated. This contributed to a combined total of $50 million in losses, as open interest on Ripple futures contracts reached record highs just before the crash. Ripple fell by 20% before bouncing from support and beginning an encouraging V-shaped recovery.
Rollblock ($RBLK) Reaches New Highs As Investors Double Down
While Bitcoin will undoubtedly take some time to churn through the selling pressure here, Rollblock ($RBLK) has nothing but blue skies overhead as it recently reached a brand-new all-time high of $0.041. This comes as Rollblock has stormed ahead with its pre-sale offering, raising over $7 million in a matter of months and reaching stage 9 of its early-stage funding rounds.
Over 22,000 investors have so far seen fit to make an allocation to this outstanding GameFi platform, which is on a mission to rid the $450 billion online gaming industry of its reputation for manipulation and shady odds-fixing. Using the Ethereum blockchain to anonymously secure the platform is a masterstroke and means that Rollblock gamers can rest easy knowing they can verify all transactions on-chain.
As Rollblock demand grows, it will use a percentage of its weekly profits to buy up $RBLK on the open market. Sixty percent of these tokens are sent to a burner address, while the rest are sent back to the community through staking yield.
In this way, the Rollblock community stands to benefit from holding $RBLK. Early adopters can get in early at the low price of $0.041 before the coming exponential rise.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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