This week Ethereum and Ripple have been outperformed by Bitcoin, as most altcoins continue to see declines. Meanwhile, crypto casino Rollblock ($RBLK) made great strides with new highs as investors pile into this future 200x moonshot.
Ethereum ($ETH) Losing Ground To Bitcoin
Ethereum has been lagging behind the wider market recovery as the ETH/BTC ratio has fallen to 0.03 – a drop of over 27% in the last 3 months.
This ratio has not dropped below 0.04 since April 2021 and has been in decline since hitting a high of 0.088 in December 2021. The net outflows for the recently launched Ethereum ETFs total $581 million, a woeful performance compared to Bitcoin inflows of $17.3 billion. Ethereum will rally from here, but Ethereum investors should be cautious and be prepared for further downside.
Ripple ($XRP) Chop Frustrates Holders
Ripple had a decent bounce this week and is up 9% to $0.58, although it has also been outperformed by Bitcoin this week. However, Ripple investors are still down nearly 4% in the last six months, as Ripple continues to trade in a choppy rage.
The major Ripple moving averages are all far below and should act as strong support in the event of a wick down, with the 100 day moving average at $0.53 looking particularly good for a Ripple bounce.
Rollblock ($RBLK) Bringing Crypto Standards To Casino World
The Rollblock ($RBLK) presale aims to turn the tables on the manipulation that goes on in the $450 billion gambling industry by bringing the crypto ethos to the roulette table.
Rollblock uses blockchain technology to securely encrypt all transactions and bets onto the immutable Ethereum blockchain. This cannot be changed, enabling gamers to verify their bids independently of the platform to check that their bets haven’t been manipulated.
There is no need for players to submit highly personal KYC details, as the fully crypto-native Rollblock platform enables accounts to be created with merely an email address and crypto wallet.
When the winnings roll in, payouts are made in the native RBLK token, which looks set for crypto gaming stardom this year thanks to its great utility and deflationary tokenomics.
The casino will itself place a perpetual bid in the marketplace, as a percentage of platform profits will be used each week to buy up and burn potentially millions of $RBLK tokens. Staking will also add to the scarcity, as generous rewards of up to 30% can be earned simply by holding on tight. Selling pressure will dry up as supply dwindles on exchanges.
It is no surprise that RBLK is being tipped for jaw-dropping 200x gains for this cycle, as investors are urged to take the bull by the horns and grab a bag at the bargain price of $0.027 today!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
The post Where Is The Smart Money Being Invested? Ethereum GambleFi Tokens Causes Ripples In The Market As XRP Fails To Exceed Expectations appeared first on ETHNews.
