New Casino-Based Altcoin Splits Profits With Users Drawing Ethereum ($ETH) and Ripple ($XRP) Backers
With over 2 year's experience in finance and the crypto sectors, Jose uses his knowledge and expertise to breakdown complex topics into bitesize content for both beginners and experts.
The Rollblock ($RBLK) presale is outperforming expectations, raising over $3.7 million as gamers enjoy a share in the success of the platform. With legacy coins such as Ethereum and Ripple’s $XRP underperforming, investors are turning heads towards smaller tokens with strong use cases and large potential.
ETH holders are growing ever more concerned that the second largest cryptocurrency after Bitcoin is losing market share to faster Layer 1 chains such as Solana. Ethereum dominance has recently fallen and is currently below 14%, signaling that more and more crypto users are ditching Ethereum to move to other chains.
The ETH/BTC ratio has also fallen more than 27% over the last 3 months, meaning that investors would have been better off holding Bitcoin. Analysts point to the Ethereum ETFs being hugely underwhelming in recent weeks, as outflows have totaled $581 million. Should this continue, Ethereum’s price could experience a drawback.
Ripple’s XRP gained 3% this week as the $XRP price continues to push against resistance at $0.58. The token’s price recently fell to $0.50 but has since rebounded as markets reacted to news of the recent Ripple settlement with the SEC.
Ripple Labs was hit with a fine of just $125 million, which is getting off lightly as many insiders had expected Ripple to face billions of dollars of fines as the court case drew to a close. Ripple continues to remain volatile as regulatory uncertainty remains, and many investors seek more upside elsewhere.
Stage 6 of the extremely well-performing Rollblock ($RBLK) casino presale
Read more on cryptonews.com
