- Ethereum Losing Ground To Bitcoin
- Ripple's Corrections Frustrate Investors
- Rollblock Brings Crypto Standards To Casino World
This week, Bitcoin outperformed Ethereum and Ripple while most altcoins continued to decline. Meanwhile, crypto casino Rollblock ($RBLK) made significant strides, reaching new highs.
Ethereum Losing Ground To Bitcoin
Ethereum has been lagging behind the wider market recovery as the ETH/BTC ratio has fallen to 0.03 – a drop of over 27% in the last three months. This ratio has not dropped below 0.04 since April 2021 and has been in decline since hitting a high of 0.088 in December 2021. The net outflows for the recently launched Ethereum ETFs total $581 million, a woeful performance compared to Bitcoin inflows of $17.3 billion. Ethereum investors should be cautious and be prepared for further downside.
Ripple's Corrections Frustrate Investors
Ripple had a decent bounce this week and is up 9% to $0.58, although it has also been outperformed by Bitcoin this week. However, Ripple investors are still down nearly 4% in the last six months, as Ripple continues to trade in a choppy range. The major Ripple moving averages are all far below and should act as strong support in the event of a wick down, with the 100-day moving average at $0.53 looking particularly good for a potential Ripple bounce.
Rollblock Brings Crypto Standards To Casino World
The Rollblock ($RBLK) presale aims to change the rules of the $450 billion gambling industry by adopting crypto standards. Rollblock uses blockchain technology to securely encrypt all transactions and bets onto the immutable Ethereum blockchain. This enables gamers to verify their bets independently and ensures fairness. The Rollblock platform allows accounts to be created using only an email and a crypto wallet, removing the need for personal KYC details. Winnings are paid out in the native RBLK token, which is set for potential popularity in the crypto gaming sphere due to its utility and deflationary tokenomics. Additionally, the casino will organize buybacks and token burns on the market, increasing their scarcity.
While Bitcoin dominates, Ethereum and Ripple continue to struggle, and Rollblock pushes new standards in the casino world, showing impressive results.
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