The broader crypto market has been soaring with a greedy sentiment ever since Trump’s victory in the US Presidential elections. Tokens like Solana and XRP are expected to experience even more rallies before the end of the year but Bitcoin and Dogecoin are already facing high selling pressure.
Amidst this mixed market sentiment, analysts are tipping Rollblock’s viral presale as the safest bet in the market as it has already accumulated more than $7 million in record time. If Rollblock can maintain this upward momentum until its official launch, analysts are projecting a massive 100x rally for the platform’s native RBLK token.
Bitcoin (BTC) Records High Selling Pressure After Rejecting $100,000 Resistance
After Bitcoin crossed the $100,000 level, short holders began booking profits. Although Bitcoin’s selling activity was consistently rising for the last few weeks, it wasn’t affecting Bitcoin’s price because of the high ETF demand. However, Bitcoin’s ETFs suddenly recorded $435 million in outflows on November 25 which triggered a strong profit taking sentiment amongst BTC holders.
Despite Bitcoin’s price going down to $93,571.34, the overall market sentiment is still very bullish. Now Bitcoin’s ongoing selling pressure cools down, analysts expect to see another massive ascent towards the $115,482 resistance.
Ethereum (ETH) Surpasses TRON by USDT Supply as Investors Regain Confidence
Ethereum recently rejected the $4,000 milestone but investors are optimistic about another bullish wave before the end of Q4. These positive predictions are because Ethereum currently has a bigger supply of USDT than other Layer 1 networks which typically reflects high network activity.
Ethereum is currently trading for $3,706.66 after an intraday crash worth 4%. Since Ethereum’s volume has only decreased by 1.39% during this period, analysts believe there is still room for more growth. If Ethereum bulls can increase buying pressure, analysts believe Ethereum’s price could test the $4,000 resistance before the end of December.
Solana ETF in 2025 Could Trigger Another SOL Rally
Solana entered a price discovery phase earlier this month after soaring past its previous all time high price of $242. Since Solana’s DEX volume also surpassed $100 billion for the first time, analysts believe Solana’s price could target the $400-$500 range during the ongoing rally. These positive predictions are fueled by investors anticipating an approval for a Solana ETF in early 2025 which will increase Solana’s market adoption.
Solana is currently trading for $231.68 after an intraday decline worth 4.65%. Since this dip is caused by some short holders selling out, analysts believe Solana’s buying activity will experience another wave before the end of Q4.
Dogecoin (DOGE) Faces Correction After Massive Post-Election Gains
Dogecoin’s price jumped by more than 200% after Trump’s victory and the announcement of a new Department of Government Efficiency which will be headed by Elon Musk himself. Despite this strong upward momentum, Dogecoin is now experiencing a massive correction because of high selling activity. This selling pressure is triggered by short holders who are booking profits before the token loses any of its gains.
Dogecoin is currently trading for $0.3868 after an intraday decrease of 5.49%. Although Dogecoin is still trading above its Simple Moving Averages, technical indicators suggest that the token’s downtrend may continue for the next few weeks before experiencing another bullish wave.
XRP (XRP) Whale Activity Suggests High Market Confidence
XRP’s price might be experiencing a correction after its recent rally but whales are confident about a massive breakout before the end of Q4. A prominent XRP whale has just transferred $25 million worth of XRP tokens from Binance to an unknown wallet which is typically a bullish signal.
If retail investors follow suit, XRP’s current price of $1.38 could experience a significant uptick towards the $1.89 resistance in the next few weeks. Since XRP’s technical indicators are already flashing strong buy signals, analysts believe XRP could experience a rally if the buying pressure picks up.
Rollblock (RBLK) Brings the Thrill Back to Trading with Viral GameFi Project
Rollblock’s Web3 gaming project has been attracting investors like moths to a flame ever since its presale launch. Since the project has already garnered more than 20,000 daily active users, analysts are optimistic about 880% gains for RBLK holders ahead of its official launch.
The reason why retail and institutional investors are betting big on Rollblock is the platform’s commitment to security and fairness. Unlike traditional iGaming platforms, Rollblock encrypts every transaction and play directly on Ethereum’s immutable blockchain to give users the most memorable gaming experience.
Since these games are completely unchangeable, savvy traders can enjoy 7,000+ games on Rollblock’s ecosystem with an opportunity to win and earn big. In addition to the massive number of games, Rollblock is also expected to launch a sports feature on its ecosystem before the official launch. With this update, Rollblock users will be able to predict the outcomes of international sports leagues such as the MMA, UFC, F1, NBA, LaLiga, NFL and more.
Rollblock’s ecosystem is powered by the platform’s native RBLK token which adds more utility to this GameFi project. To give back to its loyal community of investors, Rollblock has an attractive revenue sharing model that allocates up to 30% of the platform’s weekly revenue for open market buybacks of RBLK, 40% of which are distributed as staking rewards. The remaining 60% are burned forever, keeping RBLK’s price extremely deflationary over time.
Rollblock has recently entered stage 9 of its viral presale with RBLK tokens priced at just $0.041 each. As Rollblock continues to record massive whale investments, analysts are projecting a 100x rally for RBLK in early 2025.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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