The recent rate cuts from the Federal Reserve have given Bitcoin the boost it needed to launch its way back into the mid-$60ks. Ethereum has also impressed the market with its recent bounce, while the promising gaming token Rollblock (RBLK) surprises yet again with another all-time high. Let's find out what has led experts to predict mighty 1000x returns this cycle!
As many predicted, Bitcoin made a convincing bounce on news that the US Federal Reserve will be cutting interest rates by 50 basis points. Bitcoin added 8% this month as its price rose to $66.7k before cooling off at the time of writing to around $63.8k.
Onchain analysis reveals that nearly 94% of Bitcoin wallets are currently in profit, an extremely bullish sign that the Bitcoin market has entered an upward price trajectory. It is possible that Bitcoin will see some profit taking here, as markets remain spooked by the ongoing escalation of conflict in the Middle East. Bitcoin support at $59.6k should hold in the event of a wick down in the coming days.
Ethereum dominance finally reasserted itself this month, returning above 14% as the Ethereum price began to outperform Bitcoin. Ethereum recently reclaimed the $2.7k level and saw a 31% spike in trading volume in the last 24 hours as more traders feel confident to return to Ethereum in risk-off market conditions.
Founder Vitalik Buterin recently announced his plans for the next Ethereum upgrade, which is designed to improve scalability and security. Ethereum 2.5 will focus on sharding chains which could increase Ethereum’s capacity to above 100,000 transactions per second, a huge step up from the current speed of around 15 TPS.
Investors in the promising web3 casino Rollblock (RBLK) have clearly rolled a double six, as the price just keeps on mooning. Nearly 20,000 early adopters have so far taken the plunge as Rollblock has taken in over $4 million in only a matter of months.
Rollblock has the incredible advantage of being totally KYC-free, meaning the house cannot leak highly personal identity documents to the dark web through a security breach, an all too common occurrence in crypto.
Gamers can get started instantly inside a normal web browser by simply connecting a crypto wallet and depositing their favorite cryptocurrency. What's more, the casino will double down on their first deposits by offering a 100% deposit bonus of up to a stonking $500!
Many experts are predicting that RBLK will become a blue chip of the crypto gaming niche, thanks to regular token buybacks that will strip exchanges of RBLK as demand grows. These coins will be split between generous staking rewards of up to 30% for holders, while the rest will be burned forever from supply.
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