Analysis

Navigating the crypto world is a daunting challenge owing to those confusing technical concepts, isn’t it?
Lucky You! You are at BTC Wires.
With an aim to keep you in touch with the current market trends of the crypto world, BTC Wires brings you the in-depth analysis of all the happenings so you can stand firm in this ecosystem.

Rollblock presale raises $4M at $0.03, with analysts predicting a 200x surge in 2024, challenging XRP and Solana.

Currently in its sixth round of presale, Rollblock is generating waves in the crypto scene, selling at only $0.03 and thus far collecting about $4 million. Positioned as a formidable rival against giants like XRP and Solana (SOL), experts are forecasting this creative project to soar 200x in 2024. 

Rollblock’s special qualities might enable it to rule the next cycle as its crypto presale booms and a possible bull market is about to dawn. Let’s study why this potential star could surpass more seasoned players in the coming year.

XRP set to soar: Could October 2024 ignite the next bull market?

Ripple’s XRP has recently stabilized within the $0.58-$0.59 range, momentarily surpassing $0.60 on September 21, indicating a 9% increase in the past two weeks. The US Federal Reserve’s decision to reduce interest rates by 0.5% and Grayscale’s introduction of a dedicated Ripple Trust were the primary factors driving this rally. Some analysts contend that XRP has not yet experienced a genuine bull market, and the Ripple v. SEC lawsuit resolution is a potential positive catalyst.

Crypto analyst JackTheRippler predicts XRP could hit a new all-time high in October 2024, while EGRAG CRYPTO suggests the token could even soar to $5.50 or $13 in the next few years, if a full bull market materializes.

Solana’s whale moves: Will profit-taking stall the bull run?

A Solana whale recently unstaked and transferred 100,000 SOL tokens to Binance, marking the second such transfer in just three days. This move likely aims to capitalize on Solana’s price rally, which has seen a 9% increase over the past week, currently trading at $151.88. However, if the whale continues liquidating holdings, it could apply downward pressure on SOL’s price, similar to the June-July selloff that caused a major drop.

Despite the whale’s activity, Solana remains in a bullish trend. Indicators like the Parabolic SAR and Chaikin Money Flow (CMF) reflect strong buying pressure, suggesting that Solana could maintain its upward momentum in this bull market.

Rollblock’s meteoric crypto presale: Is it poised to outshine XRP and Solana in 2024?

Rollblock is making waves in the crypto presale arena, currently in its 7th stage and already raising over $4 million. Setting Rollblock apart from traditional casinos is its commitment to better liquidity, ensuring players can enjoy seamless transactions. Some exclusive games require RBLK for entry, too, creating increased demand for the token. It’s a unique model designed to attract both casual gamers and serious investors, positioning Rollblock as a serious contender in the market.

Accessibility is another key factor driving Rollblock’s success. With no additional downloads or installations required, players can jump straight into the action. The platform’s revenue share model ensures that token holders benefit as the casino thrives, creating a favorable situation for everyone involved. Plus, players can easily exchange RBLK for other cryptocurrencies or fiat, enhancing its utility.

Competitive odds further entice players, making Rollblock an attractive option compared to other casinos. Adherence to legal standards ensures player security, providing a level of trust that many online gaming platforms struggle to maintain. 

With these unique features and a growing user base, Rollblock’s crypto presale is positioned to disrupt the market. Can it outpace established players like XRP and Solana? Only time will tell.

For more information, visit the Rollblock presale website or join the online community.

The crypto universe draws another week to a close with attention-nabbing developments unfolding across the industry. Former Binance CEO CZ (Changpeng Zhao) was released from prison, whereas Bitcoin (BTC) and altcoins maintained a bullish stance over the past seven days. Meanwhile, Shiba Inu (SHIB) stole the spotlight, extending weekly gains to over 35% against the backdrop of community advancements.

Here’s a brief report on some of the top crypto market headlines reported over the past week.

CZ Released From Prison

Binance founder Changpeng “CZ” Zhao was released this week after 118 days of imprisonment, sparking discussions across the crypto market. This saga follows the former CEO’s arrest for violating AML (Anti-money laundering) provisions. Notably, Zhao’s days in prison came to an end after the completion of a four-month prison sentence. However, it’s worth noting that the Binance founder was released two days early, with Zhao also marking his return on X recently.

BTC, Shiba Inu, & Crypto Market Bullish

Meanwhile, the broader market embarked upon a noteworthy bullish movement in the past week as September, the worst month for stocks and assets, comes to an end. Bitcoin (BTC) price soared nearly 5% over the past week, whilst the altcoin sector mirrored an optimistic sentiment.

A recent CoinGape Media report reveals that BTC price could soar to $100K amid China’s 50 bps cut in the reserve requirement ratio, a 20 bps cut in key short-term interest rates, and monetary stimulus. Meanwhile, sentiments of an ‘Uptober’ rally are also brimming up in the market amid Bitcoin’s upside movement.

Simultaneously, Shiba Inu extended its weekly gains to nearly 35%, mirroring a bullish trend along Bitcoin. The dog-themed meme crypto’s community sparked further optimism, revealing a stockpile of developments this week. SHIB executive Lucie hinted at a SHI stablecoin launch ahead. Moreover, Shiba Inu lead developer Shytoshi Kusama revealed that the next week could be game-changing for SHIB. In the interim, even the Shiba Inu burn rate soared remarkably, adding to optimism on the coin’s price movements.

Altogether, the crypto market witnessed a frenzy over the past week, primarily attributable to the abovementioned developments.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.