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SHIB at Risk as Whale Shifts Trillions. Why Does Ethereum Struggle While Rollblock Skyrockets?

Bitcoinist
by Bitcoinist
8 months ago
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The crypto market has been brewing twists in its bullish crypto narrative as Ethereum and Shiba Inu navigate choppy waters. SHIB price faced dumping risk after a whale moved 4 Trillion SHIB. Ethereum is facing similar struggles, with ETH‘s on-exchange balance reaching a new high. The bleak sentiment starkly contrasts Rollblock’s captivating presale success, which recently went over $5M. Its innovative model—allowing token holders to earn a share of platform’s profits—has driven the token price up by 230%.

Rollblock’s gaming redefining solution gets a $5.3M thumbs-up.

Designed to tackle the long-standing issues of fraud and unfair practices in online gaming, Rollblock is quickly becoming a game-changer in the space. Its big step to reshape the $500B industry with a transparent and secure approach has ignited interest. 

But Rollblock doesn’t stop at fairness. Its platform boasts thousands of thrilling games designed to deliver a captivating and user-friendly gaming experience. Whether you’re a seasoned gamer or a casual player, Rollblock’s intuitive interface feels like home. What sets Rollblock apart even further is its deflationary tokenomics and revenue-sharing model.

This combination of innovation, user-centric design, and financial incentives has driven the Rollblock presale to unprecedented heights. Right now, over 10 million RBLK tokens have been sold, raising an impressive $5.3 million from eager investors. Now in stage 8 of its presale, each token is priced at $0.035—marking a 350% increase from its initial price.

4 Trillion SHIB changed hands. Is the SHIB price under threat?

A 4-trillion token transfer valued at $99M —that’s the shocking change that ruffled SHIB‘s feathers. The massive transfer tracked by Whale Alert has sparked speculation about a potential selloff that could be detrimental to SHIB’s price. The timing of this transfer is particularly intriguing, as SHIB’s market trajectory has recently shown signs of volatility. 

After a rare bullish “golden cross” pattern formed earlier this week, the SHIB price surprisingly plunged 16%. However, the market has since rebounded, and the SHIB price has climbed 40% MoM to a six-month high at $0.000029. Adding to the intrigue, SHIB’s burn rate has surged by over 114% in the last 24 hours. However, the transfer still casts a shadow of doubt on the SHIB price.

Ethereum struggles amid whale selling despite election boost.

The shadow of doubt also looms over bullish cryptos like Ethereum. While Bitcoin celebrates a new ATH after Trump’s win, Ethereum has been struggling to break above resistance levels, especially the $3,500 psychological level. The restraining narrative and whale selloff have kept ETH‘s price around $3,100.

Technical analysis underscores this stagnation. ETH has been locked in a symmetrical triangle pattern for over three months, signaling indecision between buyers and sellers. However, this has not halted Ethereum DeFi’s dominance. Recently, Franklin Templeton injected a $410M money market fund that highlights Ethereum‘s enduring value. Will bullish momentum or whale pressure prevail? Only time will tell.

Conclusion

SHIB price and Ethereum grappling with market turbulence amid the bullish crypto rally underscore the unpredictable nature of crypto investments. Yet, in the midst of these challenges, Rollblock emerges as a beacon of innovation and stability. While legacy tokens battle volatility, Rollblock’s meteoric rise proves that innovation and real-world utility hold the key to capturing the market’s future. For a limited time RollBlock Tokens are available with a 50% Bonus, providing the perfect opportunity to acquire $RLBK!

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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