The cryptocurrency market is undergoing significant changes. Investors' attention is drawn to the latest Shiba Inu price predictions, a substantial decrease in Ethereum's total value locked (TVL), and advancements in the Rollblock platform.
Shiba Inu Price Prediction: Can a Breakout Lead to 2x Gains?
Shiba Inu ($SHIB), like all meme coins, has been experiencing volatility in recent weeks. Despite a 51% decline year to date to $0.0000147, a recent breakout from a descending channel could lead to a strong rally if support holds.
Trader Dan is optimistic about Shiba Inu's growth, stating that "a successful breakout could lead to a solid rally in the coming days, expecting 2x after successful breakout." However, much will depend on Ethereum's TVL and its ability to recover.
Ethereum: DeFi TVL Takes a $14B Hit
Ethereum ($ETH) remains the dominant force in DeFi, but its total value locked has dropped by $14 billion. An analysis by The Cryptonomist emphasizes the role of Ethereum's decline to below $1,900 as a key factor in the liquidity outflow.
Stablecoins like USDT, USDC, and DAI are also heavily affected. Ethereum is currently trading at $2.01K, having remained stable this week with a 0.3% drop.
Rollblock: Changing the GameFi Rules
Rollblock has quickly positioned itself as one of the most innovative solutions in the Web3 gaming space, combining transparency, security, and high stakes. The presale alone has seen impressive inflows of $11.1 million.
The platform boasts over 7,000 games, including poker and blackjack, using Ethereum's blockchain to ensure transaction transparency. Rollblock also recently received a reputable gaming license from Gaming Anjouan and Solid Proof, underscoring its legitimacy and trust.
Significant changes are occurring in the cryptocurrency market. Shiba Inu and Ethereum face challenges, while Rollblock continues to strengthen its position, setting new standards in GameFi.
