Currently, two of the biggest cryptocurrencies, Bitcoin and Ethereum, are struggling to break through to new high values. The price movement of these cryptos has raised a bit of uncertainty and doubt among investors that the bull market may have run its course.
Whales now look at a new DeFi project called Rollblock to turn their attention to. Analysts are of the opinion that Rollblock is the best option to go for now while the market recuperates.
Bitcoin (BTC) To Drop Lower Before Uptrend Begins
Over the past month, market watchers have been expecting the price of Bitcoin (BTC) to rise to $80k. Unfortunately, the flagship cryptocurrency has been facing resistance in the $71k area on its way to the upside. Michaël van de Poppe predicts that the price of Bitcoin will drop to $64-65K before it begins its upward movement.
In other news, US Presidential candidate Donald Trump wants all Bitcoin to be mined in the USA. He made this remark after meeting with Bitcoin mining executives in his house in Florida.
Ethereum (ETH) Must Cross Key Resistance To Hit New Highs, Says Analyst
Like Bitcoin, the bearish pressure in the market has also stopped Ethereum (ETH) from regaining control of the $4k price level. Over the past month, the value of the altcoin has been oscillating between $2,800 and $3,900.
Meanwhile, things could change in the next few weeks, according to data from Santiment. The information reveals that whales have been taking advantage of the price drop to increase their ETH holdings.
They have bought over $240k ETH coins so far and could add more if the price dip continues. CryptoJelleNL has said that all that Ethereum needs to reach news is for the bulls to cross $3,700. Let’s wait and see if the altcoin can pull this off.
Rollblock (RBLK) Becomes the Best Cryptocurrency To Buy
With the poor price performances from Bitcoin and Ethereum, whales are taking their chances with the DeFi project called Rollblock (RBLK). The value of its RBLK coin has skyrocketed by 40% in the past month. With experts predicting a 50x price increase in the future, whales are happy about their choice.
Rollblock has planned to change the gambling sector, which is worth $450 billion, with the help of blockchain technology. It is launching a DeFi casino through which players can enjoy the live casino with more than 150 transparent games. The best of it all is that this DeFi project is properly licensed and does not have issues with international regulators.
The platform has support for more than 20 cryptocurrencies with a simple deposit process. Rollblock also shares its revenue with the players promoting it as the best crypto investment for passive income. Up to 30 percent of Rollblokck’s weekly revenue is used to purchase RBLK tokens from the open market.
The project will burn half of its open-market tokens to boost RBLK’s scarcity. The token’s value will rise as the number of RBLK tokens drops. This coin is available to investors at $0.014 during stage 3 of the presale. With stages selling out fast, analysts have tagged Rollblock as the best crypto investment in the market now.
Conclusion
Although the prices of Bitcoin and Ethereum have failed to rise to the new levels that analysts have set for them, things could take a massive turn in the coming weeks. Before that time comes, whales and other smart investors are filling their vaults with Rollblock coins. Analysts have forecasted a 20x price for the crypto, positioning it as the best cryptocurrency investment now.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
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