Altcoins
Ethereum ETF Approval Could Trigger a Rally: Investors Rushing to Buy These 2 Altcoins
The US SEC has approved eight Ethereum ETF applications. This is a monumental milestone for Ethereum and the cryptocurrency market and could spark a bull run into June. Two projects that could see huge returns from this are Rollblock and Avalanche. Both altcoins have posted steady gains over the past month and this bullish news could trigger further rallies.
The SEC accepts applications for Ethereum ETFs
The U.S. Securities and Exchange Commission (SEC) accepted eight Ethereum ETF applications on May 23. These include applications from BlackRock, Grayscale, Bitwise, VanEck, Ark Invest, 21Shares, Invesco Galaxy, Fidelity and Franklin Templeton.
According to the SEC, these applications meet standards to prevent fraud and manipulation, as well as to defend the public interest. Since this announcement, the price of Ethereum has decreased by 2.94%, although Ethereum’s daily trading volume has increased by a massive 100%.
At the time of writing, Ethereum had a daily trading volume of $47.44 billion and had surpassed Bitcoin to become the second most traded cryptocurrency in the world. While this is likely a temporary change, it shows that investors are optimistic about Ethereum’s potential.
Avalanche gears up for $40
Avalanche (AVAX) has been consolidating in the $30-39 range over the past month. Prior to this consolidation, Avalanche had risen to over $60. However, due to bullish market pressure, Avalanche faced a strong correction, taking it down to $30.
Currently, Avalanche is trading at $37.69 and its daily trading volume has increased by 47% in the last 24 hours. This bullish activity suggests that investors are preparing for a rise in Avalanche to $40, although some experts believe it could return to the March high of $60.69.
Given the introduction of a new cryptocurrency ETF, the market is building bullish momentum that could take Avalanche above $60 to a new yearly high.
Rollblock could rise after ETF approval
The latest ETF approval is great news for altcoins as it shows that governments are starting to accept the cryptocurrency. As a future pioneer in the gambling industry, Rollblock is making waves in the crypto space with a new profitable project with high potential. This innovative GambleFi protocol aims to solve security and scalability issues in the $450 billion gambling market.
To do this, Rollblock introduces a DeFi casino. Your casino is already active and has all the required licenses. Players can use over 20 cryptocurrencies to enjoy over 150 different game modes, including poker, slots and roulette. Rollblock also plans to add sports betting to the platform.
In addition to profiting from betting, players holding $RBLK tokens can also profit from Rollblock’s revenue sharing initiative. Rollblock will incentivize token ownership by rewarding holders up to 30% of its daily revenue.
To share the revenue, Rollblock will buy back $RBLK tokens from the open market. It will use half of the purchased tokens for weekly rewards and burn the remaining 50% to create scarcity.
The Rollblock pre-sale has already become a worldwide success. The first phase sold out in less than a week and over 46% of the second phase is already sold out. To participate, investors can purchase $RBLK tokens for $0.012. Experts predict that the tokens could see returns of 720% during Rollblock’s presale, and as a result, its current price is a steal.
Rollblock: a new DeFi pioneer
Historically, cryptocurrency pioneers have offered fantastic returns and Rollblock is no different. As the project gains traction, experts believe it could see huge gains, potentially breaking into the top 50 global cryptocurrencies by the end of the year.
Discover the exciting Rollblock (RBLK) presale opportunities today!
Website: https://prevendita.rollblock.io/
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