ETH Targets $5,500 as SOL and RBLK Prepare for Liftoff

ethereum eyes $5,500 following potential spot ETF launch, while Solana and Rollblock, with their unique revenue sharing model, are poised for significant gains.

ethereum (eth) has fallen below $3,500 despite Bloomberg analyst Eric Balchunas estimating that ethereum spot exchange-traded funds (ETFs) could launch on July 2, 2024; However, the sentiment is optimistic about its future as it could reach $5,000 once everything is ready.

Furthermore, Solana (SOL) has also seen an upward price trend, however, all attention is directed towards rolling block (RBLK) due to its unique revenue sharing model and already established and licensed e-gaming platform. Today we will discuss its future price projections to determine which may rise the most in the coming weeks.

ethereum to Surpass $5,500 Following ETF Launch on July 2

Bloomberg ETF analyst Eric Balchunas recently took to x (twitter), signifying a potential change in the regulatory landscape surrounding ethereum exchange-traded funds (ETFs). x.com/EricBalchunas/status/1801725292404261308″ rel=”nofollow” target=”_blank”>Your post stood out an ongoing dialogue between the US Securities and Exchange Commission (SEC) and the eight entities competing for approval of their respective eth ETF proposals.

This occurred as the SEC commented on the S-1 registration statement, which is a crucial step in the final approval procedure. The expectation is that issuers will address these comments within a week and, if this comes to pass, it could result in a release date as early as July 2, 2024.

The ethereum cryptocurrency fell below $3,500, where it recently found support at $3,440, however, sentiment regarding its future remains bullish. If ethereum price manages to break above $4,000, you are set to see many more gains. Based on the metrics on the chart, specifically the RSI and MACD data, it could rise and based on ethereum price prediction, it may end Q4 2024 at $5,546.

Solana in an upward trend: how far can it go in 2024?

Solana (SOL) is in an uptrend on the charts as its value has increased by 10%, which could propel the crypto to new heights. In the past week alone, Solana's price has gone from $131.90 to $160, and at this rate, it is closer to breaking the $200 mark than before.

The all-time high for the Solana cryptocurrency was on November 6, 2021, where it reached $259.96. Based on the metrics on the chart, its future is bullish and based on Solana's price prediction, the furthest point it can reach in 2024 is $264.43, positioning it as the most promising cryptocurrency to buy now.

Rollblock leads with unique revenue sharing model

rolling block (RBLK) is emerging as a potential disruptor in the land-based casino landscape by leveraging blockchain technology to cultivate an ecosystem of unparalleled transparency and functionality. This approach positions RBLK to become a leader in the rapidly expanding GambleFi market, which is projected to reach a staggering $744 billion by 2024.

Through its unique functionality and rich feature set, RBLK serves a specific niche within the cryptocurrency space by eliminating the requirement for Know Your Customer (KYC) verifications. This fosters a haven of anonymity, particularly attractive to privacy-conscious users who prioritize data security. In particular, the RBLK casino platform is already operational and fully licensed, giving it a significant first-mover advantage within the GambleFi sector.

Another key aspect behind Rollblock that makes it a major point of appeal is the revenue sharing model, where up to 30% of the casino's profits on a weekly level are allocated to a strategic program that buys back tokens from the open market. Half is burned, creating scarcity, while the other half is distributed to holders of the RBLK cryptocurrency, incentivizing long-term investment.

In stage 3 of its pre-sale, the RBLK token is trading at $0.014, indicating a 40% price increase from the initial value. It attracted more than 3,000 users and has raised $770,000 in funding, with projections suggesting this figure could reach $1 million before the end of the month. As a result, analysts are optimistic about its future and project a massive rise by the end of the month.

Conclusion

It is clear that both ethereum and Solana are poised to grow in value, however, Rollblock is poised for a major takeoff. This cements its position as a high-growth investment opportunity within the burgeoning GambleFi market.

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