The hugely popular Shiba Inu meme coin recently delighted its long-term holders with a huge acceleration in its burn rates to spur a recent rally.
This comes as Ethereum begins to catch up in the market and investors new to the Web3 casino Roller block ($RBLK) look forward to a glorious 2025 with potentially 50x returns.
Shiba Inu ($SHIB) Burns Supply in Extremely Bullish Move
Shiba Inu recently fired up its token burning engines as the SHIB burn rate increased by a massive 6,223%. The Shiba Inu price reacted positively to this decrease in circulating supply with a 3% move over the last 7 days to reach $0.0000025.
Shiba Inu is approaching fierce resistance on its daily chart, although technical data suggests that Shiba Inu’s bullish 50-day moving average recently crossed the 200-day moving average to create a golden cross formation. This portends further Shiba Inu expansion in the coming days and could see Shiba Inu test $0.00004 with enough pressure from buyers here.
Shiba Inu RSI is currently at 66.26, a sure sign of massive buying pressure in the markets.
Ethereum ($ETH) finally bounces back
Ethereum has finally started to move, much to the delight of its long-term holder base. Ethereum is up over 8% this week, bringing the Ethereum price down to $3.3k. Ethereum buyers appear to be stepping in in decent size here, as an encouraging 24% rise in 24-hour trading volume was detected on exchanges today. This resulted in more than $48.6 billion worth of Ethereum changing hands on the last day of trading.
Ethereum will likely respond warmly to the resignation of SEC Chairman Gary Gensler, who will step down in January next year. Ethereum is likely to surpass $4,000 with the introduction of a more crypto-friendly chair and the advent of more conciliatory crypto regulations in 2025.
Rollblock ($RBLK) gears up for sports betting as presale ramps up
The future of online gambling has arrived with the hugely disruptive Web3 GambleFi protocol Rollblock ($RBLK). Rollblock has currently attracted over $5.8 million in seed funding, as thousands of investors mobilize to allocate to this cutting-edge new entrant in the $450 billion gaming space.
Rollblock has found a new use case for the Ethereum blockchain, securely logging all transactions on-chain and eliminating any risk of bet tampering.
Rollblock is completely online and offers a huge range of over 7,000 fully immersive, community-supported casino classics, including Poker, Roulette and new favorites like Cash Compass. An upcoming sports betting feature will also be revealed soon, which will attract a large number of sports fans looking to have fun on every type of sports tournament imaginable.
Rollblock appears poised for crypto gaming domination with a hard cap of one billion tokens and a deflationary supply issuance that will see Rollblock’s profits used each week to potentially remove millions of coins from exchanges. 60% of these tokens will be burned immediately and community members will benefit from the remaining 40% through a generous staking rewards program.
Rollblock is currently at stage 8 of its presale and priced at $0.036. Investors benefit from a 50% Bonus RBLK$ throughout the month of November while supplies last.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
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