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ETH Drops Below $3K But Analysts Expecting Rally To $5K Soon; Crypto Whales Are Accumulating These Altcoins

August 6, 2024
in Crypto News
Reading Time: 3 mins read
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ETH Drops Below $3K But Analysts Expecting Rally To $5K Soon; Crypto Whales Are Accumulating These Altcoins
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Ethereum recently lost a huge percentage of its market cap, along with the wider crypto market. Meanwhile, JasmyCoin offers tremendous utility to holders despite recent losses, and investors continue to pile into the popular Rollblock (RBLK) presale. Find out why experts are calling for a pump of up to 200x in 2024!

Ethereum (ETH) Grayscale Selling Keeps A Lid On Price For Now 

The Ethereum ETFs went live last week to much rejoicing from the wider crypto sector, as it represented a huge step towards mainstream institutional adoption of this nascent asset class. However, Ethereum’s price has not reflected this bullish turn in sentiment, and in fact, Ethereum’s value is down over 17% against Bitcoin recently. Ethereum has also been hit by the recent downturn and has fallen to $2281 at the time of writing. 

There has been huge selling volume since the ETF launch, with much of it predictably coming from the Grayscale Ethereum Trust as investors sell up in protest against their high fees. In time this will settle, and Ethereum is shaping up for a major rally north of $5000 to potentially hit new all-time highs In the coming months, but much will depend on the strength of the ETF inflows.

JasmyCoin (JASMY): Huge Potential As Data Sector Goes Hots Up

JasmyCoin (JASMY), the ‘Bitcoin of Japan’, has taken a great share of the IoT (Internet of Things) space in recent months. JasmyCoin allows for unprecedented control of secure data and is set to revolutionize the file storage sector.

JasmyCoin (JASMY) has risen from the bear market lows of $0.003 to make impressive gains, despite JasmyCoin’s recent dip to $0.016 amid the wider market crash. Jasmycoin has lost over 25% in just a day but should stage a remarkable recovery when the market returns to form. As a result, many investors are holding onto JasmyCoin for the time being. 

Rollblock (RBLK) Investors Place Bets on Massive Gaming Potential

Rollblock (RBLK) is the first of its kind, a fully community-backed, crypto native platform that is set to revolutionize the online gambling sector.

Fully audited by Solid Proof and Gaming Curacao, Rollblock encrypts all transactions onto the blockchain to ensure fairness and transparency. As Rollblock only requires a crypto wallet to get started, the platform is free from invasive KYC checks, and so is entirely anonymous.

Over 150 Casino classics, from roulette to poker and new favorites, are available on the platform. A sports betting feature, soon to be added, will add crypto betting on several major sports, such as soccer, the NFL, the NBA, boxing, and more.

In-game payouts are made using the native RBLK token, which is set to see huge gains this year. Thanks to an innovative revenue share scheme, each week the casino will buy up $RBLK using up to 30% profits. Half of these coins will be allocated to staking rewards and the other half will be burned from the supply forever, making RBLK highly deflationary. 

Nearly 8,000 investors have already joined the Rollblock presale. Tokens can currently be purchased for just $0.02 during stage four, though this price is expected to see a massive 100x increase before the end of 2024.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino 

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