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Ethereum and Dogecoin struggle, while Rollblock thrives with a 200% presale surge

Sep 29, 2024
  1. Ethereum's price fails to clear the $2.7k resistance
  2. Dogecoin jumps 7% monthly
  3. Rollblock outshines Ethereum price with a 200% jump

Ethereum and Dogecoin have shown weak price action over the past few months, while Rollblock stands out with a notable 200% surge during its presale stage.

Ethereum's price fails to clear the $2.7k resistance

Ethereum's price has been on the rise over the past three weeks, increasing from $2.1k to retest the $2.7k resistance zone. As of press time, ETH was up more than 7% weekly, surpassing the 50-day EMA for the first time since July. However, traders have been taking profits in recent days, resulting in a downward correction to the $2.6k zone. If ETH fails to stay above its 50 EMA on the daily chart, it could start another decline toward the $2.5k support level. While ETH has use cases in on-chain applications and token transfers, high gas fees and slow transaction speeds have caused investors to doubt its long-term value proposition.

Dogecoin jumps 7% monthly

Like Ethereum, Dogecoin has been surging, rising from its $0.08 dip in August to trade at the $0.11 level, marking a 7% monthly return. This is amidst rising trading volume and increased open interest (OP), signaling an influx of new investors. Despite the current positive sentiment, DOGE faces stiff resistance at the 50-day weekly EMA around the $0.1138 region. If DOGE fails to climb and hold above the weekly EMA, it could enter a fresh drawdown toward support levels in the $0.1 zone.

Rollblock outshines Ethereum price with a 200% jump

Rollblock has introduced an innovative AI-driven GambleFi ecosystem to address fairness and trust issues in traditional online gambling. Permanent and immutable blockchain transactions make it impossible to alter bets once they are placed, injecting transparency and trustworthiness into casino gaming. Additionally, a generous revenue-sharing model allows token holders to receive a portion of the casino revenues through weekly payouts and staking rewards. Rollblock has already amassed over $3.9 million on ICO, pushing the RBLK price 200% up to $0.03 in stage 7. Analysts predict 100x returns on launch.

While Ethereum and Dogecoin continue to stagnate, Rollblock is demonstrating significant growth, attracting investors with its innovative revenue-sharing model and blockchain-based technology.

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