Bitcoin

Bitcoin and Solana see slight fluctuation after Rollblock ICO launch

Published

9 months ago

11 May, 2024

Bitcoin & Solana see light wobble following Rollblock’s ICO launch

Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only.

Bitcoin and Solana correct after highs; Bitcoin halving expected to rise despite downward pressure, while Rollblock presale gains traction as a potential 30x token by 2024.

Bitcoin and Solana have faced corrections in the last month; this follows a quarter of price increases during which Bitcoin reached an all-time high. With the Bitcoin halving on the way, experts believe that BTC will recover, albeit with greater downward pressure, while Solana could continue to fall. With this in mind, Rollblock is gaining traction among investors, an iGaming provider that is currently in the first pre-sale phase. Rollblock offers many benefits and a revenue sharing feature. Investors believe Rollblock could be next 30x token in 2024.

Speculation Surrounds Solana Potentially Falling Below $100

Solana was one of the hardest-hit cryptocurrencies during the recent market correction. After reaching $202, Solana faced extreme resistance, followed by several issues within its ecosystem. These included issues with network congestion and social media conflicts between the founders of two Solana-based projects.

These events caused Solana’s value to plummet by almost 30%. At the time of writing, Solana is trading at $133.87, having faced an additional 23% drop in the last week. Its daily trading volume also dropped to $4.8 billion, causing Solana to drop out of the top 5 cryptocurrencies ranked by daily trading volume.

Bitcoin performance gains recognition

In a recent interview on CNBC’s Squawk Box, Anthony Pompliano praised Bitcoin’s recent performance. Despite the recent price drop, Pompliano highlighted that Bitcoin is doing very well. He highlighted that years ago, it was a dream for Bitcoin to reach $64,000.

Having reached an all-time high of $73,750, Bitcoin completely exceeded expectations. Pompliano also highlighted that Bitcoin has risen more than 800% in the last four years, demonstrating its potential as one of the most promising assets in the world.

Throughout the interview, Pompliano emphasized that Bitcoin has significantly outperformed many of the world’s leading assets, highlighting that gold has only risen 7% in the last year.

Rollblock launches its ICO

Rollblock is an innovative DeFi gaming provider, pioneering blockchain development in the online gaming market. Rollblock recently launched its ICO and caught the attention of investors with its unique features and innovative approach to online gaming. The project offers over 100 different games for users to enjoy, including table games like blackjack, Texas hold-em, roulette, and more. Each game is supported by blockchain technology, allowing the use of cryptocurrencies while ensuring high levels of security.

Unlike other casinos, Rollblock does not require users to complete KYC when accessing its casino. To get started, users simply log into their wallet or sign up with an email. By removing these simple barriers to entry, Rollblock has seen an increase in users, which in turn has led to an increase in the number of investors purchasing its native RBLK token. RBLK plays a significant role in the ecosystem by rewarding player activity while allowing holders to bet on the future for additional rewards. Rollblock has also implemented a revenue sharing feature that allows a portion of the casinos’ daily profit to be used to share the profit among holders, buy RBLK back from the open market, and burn it to further increase the value of the RBLK token.

RBLK tokens will play an important role in the Rollblock ecosystem. Token holders will receive a share of the platform’s revenue, with up to 30% of Rollblocks’ revenue used to purchase RBLK on the open market. 50% of these tokens will be used as rewards and the other 50% will be burned permanently, creating a deflationary token, meaning that investors’ tokens will increase in value with this practice alone.

RBLK is currently in pre-sale stage 1 and is trading at $0.01. The token sold over 9 million tokens in less than a week, showing positive interest from investors. As stated in the project’s tokenomics, there is a fixed supply of 1 billion RBLK with only 60% allocated for presale. Because of this, some analysts have projected that RBLK could see more than 800% increase in value before the end of the pre-sale.

Rollblock ICO is significant in size

As the native token of the platform built to accommodate the future of the online gaming and casino industry, RBLK is poised to become one of the promising DeFi tokens of 2024. RBLK’s extensive utility, revenue share, and opportunities for token holders give RBLK has room for growth. Analysts predict that RBLK has what it takes to become a 100x token in the coming weeks.

For more information about Rollblock, visit the official pre-sale website or join the online community.

Disclosure: This content is provided by third parties. crypto.news does not endorse any products mentioned on this page. Users should do their own research before taking any action related to the company.

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Bitcoin

What to watch for in the markets

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Photo: Andrew Harnik (Getty Images)

After witnessing one of the largest global IT outages on record, affecting the travel, finance and healthcare sectors worldwideThis week is set to see more political drama, events, and earnings reports from tech giants.

Donald Trump’s ‘Lovefest’ Sets Jamie Dimon Up for Consideration for Treasury Secretary Job

Let’s take a look at what awaits us:

Major companies will release their earnings reports

Major tech companies and others will release their earnings reports this week, paving the way for what the second half of 2024 will look like.

Monday

Verizon will report earnings before the start of operations.

Tuesday

Coca-Cola, Comcast and UPS are all set to report earnings before the market opens.
Tesla will report earnings in the morning, while General Motors will report earnings in the evening.
Alphabet and Visa will report results after the market closes.

Wednesday

AT&T will release its report before the market opens.
Ford and Chipotle will report earnings after the market closes.

Thursday

Earnings reports from AstraZeneca, American Airlines and Southwest Airlines will be released before the market opens.

Trump to speak at Bitcoin conference

Presumptive Republican presidential nominee Donald Trump will speak at the next Bitcoin Conference in Nashville, Tennesseewhich is scheduled for July 25-27. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether the crypto-friendly Trump will receive support from the crypto community in the upcoming election.

In addition to Trump, independent presidential candidate Robert F. Kennedy Jr. will also discuss crypto during the conference. Crypto advocates such as ARK Investment’s Cathie Wood, MicroStrategy’s Michael Saylor, and whistleblower Edward Snowden are among some prominent names who will be participating in the conference.

Ether ETFs are on the way

New Ether Spot ETFs are set to begin trading on Tuesday, July 23. Much like the spot Bitcoin ETFs, these ETFs will allow investors to buy the second most popular cryptocurrency like stocks. BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton, and Invesco/Galaxy Digital are all set to offer Ether ETFs. Crypto asset manager Bitwise predict that trading in the Ether ETF will drive the price of Ether higher, potentially surpassing $5,000.

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Bitcoin

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Bitcoin miners and cryptocurrency companies that have been blocked from going public in the U.S. could ultimately be the biggest winners in the digital asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share could end up being the biggest losers.

That’s the view that’s taking hold among market participants and observers in the wake of the former president’s growing embrace of cryptocurrency as his chances of election grow. survey released Thursday by CBS News showed Trump with the majority — 52 percent — of likely voters in his likely November rematch with President Joe Biden.

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Bitcoin

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Cryptocurrency investor Chris Burniske says Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and the cryptocurrency market in general seem poised for a run.

Former Head of Cryptocurrency at ARK Invest account his 292,200 followers on social media platform X that several catalysts are aligning, suggesting that digital asset markets are on the verge of a bull run.

According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event, and the current state of the BTC, ETH, and SOL charts all suggest significant optimism for the cryptocurrency markets.

“With ETH ETFs set to go live, Trump speaking at The Bitcoin Conference, and BTC, ETH, and SOL charts looking [they do] (while stocks are weak), it’s hard to imagine a world where we don’t ship next week.”

Reuters recently reported that preliminary approval for ETH ETFs has been granted as the Bitcoin Conference is scheduled to take place from July 25-27.

BTC, ETH, and SOL are trading at $67,333, $3,528, and $174 at the time of writing, respectively.

The venture capitalist too provides an update on his prediction that the total crypto market cap will eventually hit $10 trillion. According to his chart, the path to $10 trillion is currently “23%” complete, as it sits around $2.2 trillion.

Source: Chris BurniskeX

Earlier this month, Burniske he said in an interview with Real Vision CEO Raoul Paul that he has his eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer 1 blockchains Sui (IUE) and Apts (APT).

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Bitcoin

Here’s the next target for BTC before bulls can hold out for $70K

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Here’s the next target for BTC before bulls can hold out for $70K

Bitcoin’s recovery is going well, and the market is seemingly poised to create a new all-time high in the near term.

Technical analysis

Per NegotiationRage

The daily chart

As the daily chart shows, the price of Bitcoin has been rising since it broke above the 200-day moving average.

The market has also reclaimed the $60K and $65K levels and is moving towards the $68K resistance zone, which could be the last hurdle before creating a new all-time high. With the RSI also indicating that the price has clear bullish momentum, it could be just a matter of time.

Source: TradingView

The 4-hour chart

Looking at the 4-hour chart, it is evident that the price has been rising rapidly since breaking the downtrend line to the upside. The market also broke the $65K resistance level with momentum, turning it into a support.

While almost everything points to a new record high in the coming weeks, there is one worrying sign. The RSI is showing a clear bearish divergence between recent price highs, which could indicate a correction or even a reversal in the near term.

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Cryptocurrency Charts by TradingView.

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