Altcoin
BTC, ETH ETFs See $2 Billion Inflows in May as Whales Continue to Accumulate Blocks for Altcoin Season
Bitcoin and Ethereum have seen a huge influx of new investments over the past month. The introduction of ETFs has resulted in increased institutional attention, which is expected to drive Bitcoin and Ethereum to new highs in 2024. At the same time, crypto whales are diversifying with Rollblock to capitalize on altcoin gains, with current predictions that they suggest that Rollblock will rally 720% during its pre-sale.
Demand for Bitcoin soars among institutional whales
According to data from WuBlockchain, a new cryptocurrency wallet has purchased $1 billion worth of Bitcoin every day over the past month. This massive transaction is expected to involve institutional investors purchasing Bitcoin and moving it into custodial wallets.
Over the past 30 days, long-term holders have accumulated 70,000 Bitcoins and demand for Bitcoin among whale investors has increased by 4.4%. Given the bullish market conditions, experts believe that Bitcoin could reach another all-time high before the end of the second quarter.
At the time of writing, Bitcoin was trading at $71,072 and its value had increased by 0.13% over the past 24 hours.
Ethereum Faces Criticism from Max Keizer
Bitcoin maximalist Max Keizer recently took to X to share his critique of Ethereum’s future. Keizer believes Bitcoin outperforms Ethereum on a fundamental level.
According to Keiser’s predictions, Ethereum is “heading towards zero against Bitcoin.” He claims that Ethereum is in an unfavorable position due to its commodity status and decentralization concerns.
Keiser argues that Ethereum is not centralized and has no appeal as a commodity. For example, in El Salvador, Ethereum is classified as an unregistered security rather than a commodity. This has diminished the attractiveness of Ethereum in the country.
Despite this criticism, the price of Ethereum increased by 24.21% following the release of the ETH ETFs, suggesting that global economies remain optimistic about the cryptocurrency’s potential.
Whales purchase Rollblock during Phase 3 of the presale
As the global cryptocurrency market enters a new bull run, a new GambleFi pioneer in Rollblock is gaining momentum. After selling out the first two pre-sale phases in just a few weeks, Rollblock has attracted the attention of crypto whales. As more and more whales invest, experts predict that Rollblock could see huge gains beyond that 100% in June. Investors need to be brought in quickly to capitalize on the project’s low price. .
Rollblock is one of the world’s first blockchain casinos with a revenue-sharing model, setting it apart from most of the competition in the $450 billion per year gambling industry. By holding their ecosystem’s native RBLK token, you are no longer betting against the house but becoming the house.
This innovative GambleFi protocol offers players access to over 150 games from more than 10 game providers. The games are compatible with over 20 cryptocurrencies, allowing for a smooth experience. The casino is already active, licensed and used daily by hundreds of players, accumulating revenue to share with the owners.
Token holders will be granted a percentage of up to 30% of the platform’s daily revenue. Rollblock will offer these rewards by using the revenue to purchase RBLK from the open market. It will then use half of the purchased tokens for weekly staking rewards and burn the remaining 50%. This will increase the price of tokens that remain in circulation while reducing the overall supply, helping token holders boost their wallets.
Rollblock will introduce sports betting in the coming months, allowing users to bet on top sports such as NBA, NFL, football, tennis, boxing, F1 and more. This could increase the revenue of GambleFi protocols 10x which will be a huge benefit for token holders. Experts believe the revenue share could amount to millions of dollars of RBLK purchased by the protocol every month, adding huge buying pressure to the token and offering some of the best passive income opportunities in the crypto space with their premium rewards staking.
Join Rollblock today
To participate, investors can purchase Rollblock tokens for $0.014 during the third phase of the presale. But that is not all. Rollblock Casino is already live and fully licensed, meaning players can get involved in the action today. Plus, with sports betting soon to be added to the platform, they’ll be able to find everything they need to bet on cryptocurrencies in one place! The project is also giving away $20,000 in prizes during this month’s Euros. To participate, follow X and join their discord.
To know more, visit the website it’s theirs social.
Disclaimer: This is a paid version. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of the information available in such content. Do your research and invest at your own risk.