Ethereum and Kaspa may be amongst the top cryptos by market cap, but their constant declines are now pushing investors away. Meanwhile, Rollblock is cashing in on this trend by attracting investors through its explosive presale offer that has already rallied 150%!
Ethereum (ETH) is Becoming Obsolete
Ethereum’s price has only seen lower lows in the last seven days. After another intra-day decline of 4.33%, Ethereum’s price is now down to $2,374.96. Since Ethereum’s trading volume is also down by 23.59% today, investors seem to be losing interest in this L1 token in comparison to L2 networks.
For now, Ethereum’s daily chart isn’t showing any signs of a reversal. To trigger buying pressure, Ethereum needs to break above the 50-day EMA at $2,761.45. With Ethereum’s MACD line below the signal line and the Momentum Indicator hinting at a bearish sentiment, Ethereum investors are in for a bearish September.
Kaspa (KAS) Falls Deeper in Bearish Territory
Kaspa has turned extremely bearish on the daily chart after recording an intra-day decline of nearly 5%. Over the past seven days, Kaspa has been on a constant downward trend as the token shed 11.76% of its value, bringing the current trading price to $0.1476. Despite this negative outlook, traders are choosing to hold Kaspa for now as Kaspa’s 24-hour trading volume is down by 22%.
For now, Kaspa’s RSI is trending downwards, suggesting more room for declines in upcoming weeks. A trend reversal is unlikely until Kaspa breaks above the 50-day EMA at $0.1556. If the current level doesn’t hold, Kaspa may crash to the nearest support trendline at $0.1653 soon.
Rollblock (RBLK) Price Surge Leads to Huge Influx of New Investors
Rollblock ($RBLK) is a new GambleFi protocol that has already rallied by a massive 150% since the start of its presale. This play-to-earn and community-backed crypto casino is already sending shockwaves through the market by raising $3.2 million within a few months of launch. If this momentum keeps up by the time Rollblock is launched across decentralized exchanges, analysts project $RBLK to hit an 800% surge.
Instead of worrying about third-party manipulation or bet fixing on the platform, players can easily connect their wallets, deposit a cryptocurrency, and enjoy a tamper-proof betting experience without needing to pass KYC checks.
Rollblock’s revolutionary casino is fully licensed and audited by Solid Proof and Gaming Curacao. It currently hosts over 150 AI-powered games including classics like slots and poker as well as innovative web3-based titles like KENO and Max Car Racing. In upcoming months, Rollblock also plans to introduce sports betting that will be compatible for top leagues such as the NBA, NFL, MMA, UFC, F1, and more.
Aside from distributing $RBLK as in-game payouts for gambling, Rollblock also has a revenue-share mechanism that encourages investors to become liquidity providers in Rollblock’s ecosystem. Every week, Rollblock reinvests up to 30% of its casino revenue to purchase tokens on the open market and distributes them as staking rewards to current holders.
Rollblock is currently selling at a low price of $0.025 per token. Nearly 40% of stage 6 tokens are already sold out, and given this explosive demand, market experts are already expecting another price surge by next week.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://rollblockpresale.io/
Socials: https://linktr.ee/rollblockcasino
The post Ethereum and Kaspa Crypto Vets Dazzled by Presale Shining Star Up 150% appeared first on ETHNews.
