HomeAltcoin NewsSOL and RBLK prepare for launch, ETH targets $5,500

SOL and RBLK prepare for launch, ETH targets $5,500

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SOL RBLK Prepare launch: The price of Ethereum (ETH) has fallen below $3,500, even though Bloomberg analyst Eric Balchunas predicts that spot Ethereum ETFs might debut on July 2, 2024. Nevertheless, investors are optimistic about the cryptocurrency’s future and believe that it has the potential to hit $5,000 after all the dust settles.

Also, Solana (SOL) has seen a price increase, but everyone is talking about Rollblock (RBLK) because of its innovative revenue-share model and licensed gaming platform. Today, we’ll compare their predicted price increases over the next several weeks to see which has the most chance of success.

Ethereum to break $5,500 after July 2 ETF debut

There may have been a change in the regulatory environment for Ethereum Exchange Traded Funds (ETFs) when Bloomberg ETF analyst Eric Balchunas took to Twitter. His tweet highlighted a continuing discussion between the eight organizations requesting approval of their Ethereum exchange-traded fund (ETF) proposals and the United States Securities and Exchange Commission (SEC).

Ethereum to break $5,500 after July 2 ETF debut

This happened while the SEC provided feedback on the S-1 registration statement, an essential part of the ultimate approval process. The issuers have one week to respond to these remarks, so a launch as early as July 2, 2024, is possible if all goes according to plan.

Although the Ethereum cryptocurrency did fall below $3.500, it has now found support at $3.440, and investors are still optimistic about the cryptocurrency’s future. There will be much more upside for Ethereum if its price can rise above $4,000. The on-chart indicators, primarily the RSI and MACD data, suggest an upward trend, and the Ethereum price forecast suggests it might reach $5,546 by the end of Q4 of 2024.

Solana rising: How far in 2024?

The value of the SOL RBLK Prepare launch has increased by 10% and is currently trending upward on the charts, suggesting that the cryptocurrency could reach new heights. The price of Solana has risen from $131.90 to $160 in the last week alone, bringing it closer than ever before to the $200 threshold.

The Solana cryptocurrency reached a record high of $259.96 on November 6, 2021. Based on the Solana price projection, the cryptocurrency has a bright future, and the highest point it may reach in 2024 is $264.43. Based on the on-chart parameters, it is currently the most promising cryptocurrency to buy.

Rollblock’s Revenue-Share model is unique

Rollblock (RBLK) is a new cryptocurrency that might shake up the gambling industry by creating a decentralized network with unprecedented efficiency and openness through blockchain technology. This strategy sets RBLK up to dominate the GambleFi industry, which is predicted to grow phenomenally, reaching an astounding $744 billion by 2024.

Rollblock's Revenue-Share model is unique

RBLK fills a niche in the Bitcoin industry by doing away with Know Your Customer (KYC) checks, thanks to its innovative features and extensive capabilities. Beautiful to consumers who value privacy and data security because this promotes a sanctuary of anonymity. As a first-mover in the GambleFi space, RBLK has a considerable leg up thanks to its fully licensed and running casino platform.

A significant selling point of Rollblock is its revenue-sharing model, which is as follows: a strategic program that repurchases tokens from the open market receives up to 30% of the casino’s weekly revenues. As a scarcity effect, half is burned, and the other half is provided to RBLK crypto holders as an incentive for long-term investment.

In Stage 3 of its presale, the RBLK token trades at $0.014, representing a 40% increase over its initial value. Estimates indicate that the amount might reach $1 million before the month ends, and it has already attracted over 3,000 users and received $770,000 in investment. Therefore, experts are excited about its potential and anticipate a significant surge by the month’s end.

Also Read: Solana Memecoin Leaders Today Despite Crypto Market Dullness

Conclusion

Solana and Ethereum will see significant price increases soon, but Rollblock is starting to shine. In the rapidly expanding GambleFi industry, this further establishes its status as an investment prospect with tremendous development potential.

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Ali Raza
Ali Raza has been writing about blockchain and cryptocurrencies for over Three years and is now the editor-in-chief of Latestcoinsnews. After a meteoric rise in late 2016, Ali Raza's enthusiasm for Bitcoin and other cryptocurrencies skyrocketed. He can't sleep with one eye on the market because he's so fascinated by the technical and economic ramifications of cryptocurrency.

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