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Ethereum surges with record inflows while Rollblock’s GambleFi project captures trader attention, promising 880% gains amid BNB’s security struggles.
Ethereum is regaining momentum during this bull season as its institutional products reached a yearly high in net inflows. Meanwhile, BNB has lost its position in the Top 5 cryptos list after its smart chain network was manipulated by several Sandwich attacks.
Amidst this sentiment, savvy traders are diversifying their wallets by investing in Rollblock’s new GambleFi project that is already poised for 880% gains.
Ethereum records massive capital inflows during ongoing rally
Ethereum is reclaiming its market dominance after losing investor confidence over the last few months. Ethereum has recorded a massive capital inflow worth $634 million over the last seven days which is typically a strong indicator of bullish dominance. In addition, Ethereum’s institutional products have also reached a new yearly high by exceeding $2.2 billion in net inflows.
Despite these positive indicators, Ethereum’s price has crashed by 2.08% over the last 24 hours to its current selling price of $3,553.19. Even though Ethereum’s volume has also decreased by 1.28%, analysts believe Ethereum will continue its upward trend for the next few weeks after overcoming this brief correction. Since Ethereum’s RSI and MACD indicator are both suggesting more room for growth, Ethereum’s price could surge toward the $4,178 and $4,652 levels within the next few weeks.
BNB loses investor confidence after several sandwich attacks
BNB was gaining investor confidence when its smart chain network became infiltrated by sandwich attacks. More than 35% of the blocks on BNB Smart Chain were manipulated by Sandwich attacks in November because of BNB’s transparency and decentralization. Since these attacks artificially manipulate the price of an asset on DEXs, investors are losing confidence in BNB’s security protocols.
BNB is currently trading for $732.09 after an intraday decline worth 0.84%. Since BNB’s Momentum Indicator and MACD level are both flashing sell signals now, analysts believe BNB could experience steeper losses if it doesn’t address these Sandwich attacks soon. If BNB investors begin booking profits, BNB’s price could crash to the $569.1 support.
Rollblock positions itself as top low cap crypto in Q4 altseason
Rollblock is attracting a significant number of institutional inflows during Q4’s altseason as it is one of the most hyped low cap altcoins in the market. Rollblock’s viral GambleFi project is bringing fun and thrill back to the obsolete world of crypto trading by combining online gaming with massive crypto earnings. Since Rollblock is already seeing a huge influx of savvy traders and high rollers in stage 8 of its presale, analysts are expecting a total of 880% gains for RBLK ahead of its official launch on the open market.
Rollblock’s strategy to combine decentralized and centralized gaming into one crypto native iGambling platform is the main reason why this altcoin is already dominating the DeFi market. Instead of offering boring games like other play-to-earn tokens, Rollblock is bringing a variety of casino classics like roulette, poker, blackjack and slots to its ecosystem. In addition, Rollblock also has a variety of new web3-based titles such as KENO and Max Car Racing.
The best part about Rollblock’s gaming library is that all 7,000+ games are fully audited and regulated by SolidProof and Gaming Curacao which ensures that the platform is 100% secure. To make things even better, Rollblock encrypts all financial data and bets on Ethereum’s immutable blockchain to give traders the most provably fair odds with no third-party manipulations.
As traders play and win these games, they can accumulate more RBLK tokens that can be staked for a weekly passive income. Rollblock shares up to 30% of its weekly revenue with current holders as staking rewards through an open market buyback mechanism. As this massive buyback increases Rollblock’s demand, the supply cap of 1 billion tokens puts deflationary pressure on the token’s price.
Although Rollblock is currently trading for $0.037 per token, analysts are already projecting another price jump within the next few days because of Rollblock’s high demand.
To learn more about Rollblock, visit the website and its socials.
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