Anticipation of the SEC’s approval of a spot Ethereum ETF is sending the crypto industry into a frenzy. This landmark event is certain to attract new capital inflows into cryptocurrency projects. Popular tokens could shoot up in price, including Dogecoin. And it would be massively advantageous to upcoming tokens like Rollblock, which experts predict will make a 100x gain before the year is out.
Ethereum ETF approval to usher in $15 billion inflows – Bitwise CIO
As a spot Ethereum ETF approval draws closer, several bigwigs are weighing in on how it could affect the crypto market. To Bitwise Chief Investment Officer Matt Hougan, the development would see a net inflow of $15 billion into cryptocurrencies in the next 18 months.
He based his projections on a thorough analysis of available data. Basically, he took a hard look at the market cap of Bitcoin and Ethereum. Then he estimated how much allocation institutional investors would give to products based on those assets.
Ethereum’s market cap currently stands at $412 billion, which is 18% of the whole market. Ethereum itself trades for $3,430, and it has been steady over the last couple of weeks. An Ethereum ETF approval would definitely bolster the token’s price action.
Dogecoin price falls by 23%
Recent price corrections have impacted the whole crypto industry, but meme coins seem to be holding their own. But the same can’t be said for Dogecoin, which has had a 23% drop in the last month.
DOGE currently trades for $0.1255, and On-Chain data from IntoTheBlock suggests the drop could be as a result of market volatility. Daily Dogecoin liquidations were in the millions as traders who placed long and short bets lost their positions.
However, there are signs the worst could be over. That’s because investors are using this opportunity to “buy the dip.” DOGE is recording increased daily trading volume in spite of the drop. This suggests that the Dogecoin price could recover anytime soon.
Rollblock: Positioned to triumph over DOGE and other altcoins
One reason the Dogecoin price has been on a downward trend might be due to its lack of real world utility, with this Rollblock is positioned to overshadow the king of meme coins due to the unrivaled opportunities its RBLK token offer holders. Rollblock enters an untapped but rapidly expanding online gaming market. According to figures from Statista, the industry is currently worth $540 billion. It is expected to hit $744.8 billion by 2028, growing at an annual rate of 6.6%.
In essence, the online gaming industry is huge, millions of people are placing bets on sporting events every hour of every day. Alongside this, Rollblock offers an innovative solution to trust and transparency issues plaguing the space. Gaming houses and players don’t trust each other, and honest gamers are worried that games are rigged. The house is also worried that unscrupulous gamblers interfere and meddle with game results leading to huge losses and financial woes.
Rollblock solves this issue by introducing transparent blockchain entries. Every action, including bets placed and odds set, are logged onto the blockchain. This creates mutual trust between participants of its ecosystem. In addition to this, Rollblock offers a cashback feature, where RBLK holders are rewarded with tokens.
Investors also get a share of the weekly revenue generated by the Rollblock, and get access to the best betting odds anyone can get online. In essence, Rollblock has what it takes to overtake and overshadow Dogecoin and other tokens. It is currently in presale stage 3, at a price of $0.0145 and with over 100 million tokens already sold. It is projected to appreciate 800% during the presale, and there’s no telling how high it could go when it eventually lists on exchanges later on.
Conclusion
The approval of a spot Ethereum ETF will likely light up the crypto industry. Bitwise CEO Hougan believes this development would usher in $15 billion inflows into the market in 18 months.
This would bolster the Dogecoin price, obviously, but Rollblock investors are set to make bigger gains. It packs great features and is set to dominate the online casino space. It is currently in presale, and investors can’t get enough of it. For $0.014, you can join the bandwagon and stand a chance to 100x your investment.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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