As Bitcoin (BTC) whales target Ethereum network tokens, emerging altcoins are poised for a meteoric rise.
Ethereum (ETH) is experiencing a significant resurgence following the proposal of a solution to its Layer 2 blockchain issue. Ethereum’s ERC20 tokens are attracting Bitcoin (BTC) whales as a result of Bitcoin’s failure to reach the $100,000 milestone. The ERC20 token that stands to benefit the most from this capital shift is Rollblock’s (RBLK) cryptocurrency casino. Following the end of its cryptocurrency presale, this leading altcoin is now anticipated to rise over 100 times after launching its sports betting expansion today.
After failing to reach the $100,000 milestone, Bitcoin whales move on.
In the past month alone, Bitcoin has soared by about 40%. The entire cryptocurrency market has increased in value as a result of the Bitcoin price’s explosive surge.
However, at the significant $100,000 milestone, the price of Bitcoin was rejected. For for over two weeks, Bitcoin has been trading flat around $95,000 with no obvious breakout in sight.
Bitcoin whales are now cashing in and exploring other revenue streams.
Ethereum Solves Layer 2 Blockchain Issues, Benefiting ERC20s
In the meantime, a suggested fix for Ethereum’s Layer 2 blockchain issue has caused the price to soar back up. Ethereum’s climb is still going strong, having risen more than 50% in November.
As Ethereum’s external scaling solutions reduced the ecosystem’s revenue, the price of the cryptocurrency took a serious knock. Nonetheless, money is flowing back into the Ethereum ecosystem while an internal scaling solution is being considered.
The leading ERC20 tokens have also profited from this new investment in the Ethereum ecosystem.
Rollblock's ERC20 Token Gains the Most From the Migration of Bitcoin Whales
Rollblock’s cryptocurrency presale stands to gain the most from this influx of Bitcoin whales into the Ethereum ecosystem. Investors are vying for a piece of this popular altcoin’s next-generation sports betting platform, which was just launched today.
Truthofcrypto already wildly popular casino gaming software has been expanded to include sports betting. With more than 7,000 provably fair games currently available on the blockchain, users may access them quickly, easily, and for free from any location in the globe.
With a wider range of transparent odds than ever before, Rollblock is providing sports bettors with the same kind of service. In addition to joining tens of thousands of other gamers, participants can wager on almost any live sporting event from around the world.
When it launches, Rollblock’s sports betting platform will also be included in its renowned profit-sharing plan.
By allocating a portion of its weekly earnings to buybacks, Rollblock’s profit sharing program makes sure that its community gains from its expansion. A portion of these buybacks will be distributed as staking rewards to holders who stake on the platform. The rest will be utilized in weekly burn events to keep RBLK’s market trend deflationary.
With more than $500 billion in gambling income at stake, researchers predict that RBLK might increase its price by more than 100 times from its present $0.037 price during its cryptocurrency presale. This might happen as early as January 2025, with just four stages remaining after the completion of its eighth stage.