News and Analytics

0

Ethereum Classic and Stellar Strive for Market Position

Aug 24, 2024
  1. Can Ethereum Classic Regain Momentum?
  2. Stellar Loses 10% in a Month
  3. Rollblock Raises Over 2.3 Million in Presale

Ethereum Classic and Stellar are currently among the top 30 cryptocurrencies. Both tokens face challenges in the altcoin market, while Rollblock continues to show significant growth.

Can Ethereum Classic Regain Momentum?

Ethereum Classic was poised for a huge breakout earlier this year as it achieved its latest halving event in May. The Ethereum Classic issuance was cut in half, pushing towards the $40 mark. However, Ethereum Classic has retraced nearly all of this bullish move and is currently trading below $20. Ethereum Classic’s market cap stands at a little over $2.9 billion, just inside the crypto top 30. Breaking $20 should see a further run towards $23.50 in the coming days.

Stellar Loses 10% in a Month

Stellar has also been struggling in recent months, with investors seeing a nearly 10% loss. However, Stellar had an impressive week, up nearly 2%, and is now close to breaking the $0.10 level in the coming days. Stellar's market cap is $2.9 billion, placing it at number 28 in the crypto rankings. A bullish move could send Stellar toward the 200-day moving average at $0.11, where significant selling is expected.

Rollblock Raises Over 2.3 Million in Presale

Rollblock has seen another new all-time high this week as the crypto casino project accelerates through stage 5 of its presale. Leveraging blockchain technology, Rollblock aims to bring trust and transparency to the $450 billion online gambling space by recording all bets on the Ethereum chain. Rollblock allows users to sign in anonymously with a crypto wallet and make in-game payouts using the native RBLK token. RBLK has a hard cap of one billion coins with deflationary tokenomics, where a portion of operating profits is used to buy back and burn coins. The current token price is $0.021.

Ethereum Classic and Stellar face market challenges, while Rollblock shows significant achievements in its presale with a novel approach to online gambling.

Comments

Latest analytics

Bead Pay: Cryptocurrency...

Bead Pay: Cryptocurrency Solutions for Global Payments

Bobby Zagotta and...

Bobby Zagotta and His Impact on the Crypto Industry

Show more

Latest Dapp Articles

Show more

You may also like