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ethereum surges with record inflows, while Rollblock's GambleFi project captures traders' attention, promising 880% gains amid BNB security issues.
ethereum is regaining momentum during this bull season as its institutional products hit a yearly high in net inflows. Meanwhile, BNB lost its position in the top 5 cryptocurrency list after its smart chain network was tampered with by several Sandwich attacks.
Amid this sentiment, savvy traders are diversifying their wallets by investing in Rollblock's new GambleFi project, which is already poised for 880% gains.
<h2 class="wp-block-heading" id="ethereum–eth-records-massive-capital-inflows-during-ongoing-rally”>ethereum sees massive capital inflows during ongoing rally
ethereum is regaining its dominance in the market after losing investor confidence in recent months. ethereum has seen a massive capital inflow worth $634 million in the last seven days, which is usually a strong indicator of bullish dominance. Furthermore, ethereum institutional products have also reached a new yearly high by surpassing $2.2 billion in net inflows.
Despite these positive indicators, the price of ethereum has plummeted by 2.08% in the last 24 hours to its current selling price of $3,553.19. Although ethereum volume has also decreased by 1.28%, analysts believe that ethereum will continue its upward trend in the coming weeks after overcoming this brief correction. With ethereum's RSI and MACD indicator suggesting more room for growth, ethereum price could shoot towards the $4,178 and $4,652 levels in the coming weeks.
BNB loses investor confidence after several sandwich attacks
BNB was gaining the trust of investors when its smart chain network was infiltrated by sandwich attacks. More than 35% of BNB Smart Chain blocks were manipulated by Sandwich attacks in November due to BNB's transparency and decentralization. Since these attacks artificially manipulate the price of an asset on DEX, investors are losing confidence in BNB's security protocols.
BNB is currently trading at $732.09 after a 0.84% intraday drop. Since the BNB momentum indicator and MACD level are showing sell signals now, analysts believe that BNB could see steeper losses if it does not address these Sandwich attacks soon. If BNB investors start booking profits, BNB price could fall to the support at $569.1.
<h2 class="wp-block-heading" id="rollblock-rblk-positions-itself-as-top-low-cap-crypto-in-q-4-altseason”>Rollblock Positions as Top Small-Cap Cryptocurrency in Q4 Alt Season
Rollblock is attracting a significant amount of institutional inflows during the Q4 alt season as it is one of the most hyped small-cap altcoins on the market. Rollblock's viral GambleFi project is bringing fun and excitement back to the outdated world of cryptocurrency trading by combining online gaming with massive cryptocurrency profits. Since Rollblock is already seeing a huge influx of savvy traders and high rollers in stage 8 of its pre-sale, analysts are expecting a total profit of 880% for RBLK before its official launch on the open market.
Rollblock's strategy of combining decentralized and centralized gaming on a crypto-native iGambling platform is the main reason why this altcoin is already dominating the DeFi market. Instead of offering boring games like other play-to-win tokens, Rollblock is bringing a variety of casino classics like roulette, poker, blackjack, and slots to its ecosystem. Additionally, Rollblock also has a variety of new web3-based titles such as KENO and Max Car Racing.
The best part about Rollblock's game library is that the 7000+ games are fully audited and regulated by SolidProof and Gaming Curacao, ensuring that the platform is 100% safe. To make things even better, Rollblock encrypts all financial data and stakes on the immutable ethereum blockchain to provide traders with the fairest and most provable odds without third-party manipulations.
As traders play and win these games, they can accumulate more RBLK tokens that can be staked for weekly passive income. Rollblock shares up to 30% of its weekly revenue with current holders as a reward for staking through an open market buyback mechanism. As this massive buyback increases demand for Rollblock, the 1 billion token supply cap puts deflationary pressure on the price of the token.
Although Rollblock is currently trading at $0.037 per token, analysts are already projecting another price jump in the coming days due to high demand for Rollblock.
For more information about Rollblock, visit the website and social media.
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