Ethereum (ETH) Grayscale Selling Keeps A Lid On Price For Now

The Ethereum ETFs went live last week to much rejoicing from the wider crypto sector, as it represented a huge step towards mainstream institutional adoption of this nascent asset class.

Ethereum (ETH) Grayscale ETF Launch Caps A Bad Week For Price

The launch of the Ethereum ETFs last week was met with great fanfare from the crypto community, as it marked a significant step towards mainstream institutional adoption of the asset class.

However, Ethereum’s price has failed to reflect this bullish sentiment, and in fact, Ethereum’s value has fallen by over 17% against Bitcoin recently. Ethereum has also been hit by the recent downturn and is currently trading at $2281.

There has been a huge volume of selling since the launch of the ETF, much of it coming from the Grayscale Ethereum Trust as investors sell up in protest against the high fees.

This will eventually level off, and Ethereum is gearing up for a major rally north of $5000, potentially reaching new all-time highs in the coming months, but much will depend on the strength of the ETF inflows.

JasmyCoin (JASMY) Levies Potential As Data Sector Heats Up

JasmyCoin (JASMY), also known as the ‘Bitcoin of Japan’, has quietly taken over a large portion of the IoT (Internet of Things) space in recent months.

JasmyCoin enables users to have complete control over their secure data and is poised to revolutionize the file storage industry.

JasmyCoin (JASMY) has risen from the bear market lows of $0.003 to post impressive gains, despite JasmyCoin’s recent dip to $0.016 amid the broader market sell-off. Jasmycoin has lost over 25% in just a day but should stage a remarkable recovery when the market returns to form.

As a result, many investors are holding onto JasmyCoin for the time being.

Investors are flocking to Rollblock (RBLK) amid massive gaming potential

Fresh from the oven, Rollblock (RBLK) is the first fully community-backed, crypto native platform that is set to disrupt the online gambling sector.

Fully audited by Solid Proof and Gaming Curacao, Rollblock encrypts all transactions on the blockchain to ensure fairness and transparency.

Since Rollblock only requires a crypto wallet to get started, the platform is free from invasive KYC checks and is completely anonymous.

The platform features over 150 casino classics, from roulette to poker and new favorites.

A sports betting feature will be added soon, offering crypto betting on several major sports, including soccer, the NFL, the NBA, boxing, and more.

In-game payouts are made using the native RBLK token, which is set to see huge gains this year.

Thanks to an innovative revenue share scheme, each week the casino will buy up $RBLK using up to 30% profits.

Half of these coins will be allocated to staking rewards and the other half will be burned from the supply forever, making RBLK highly deflationary.

Nearly 8,000 investors have already joined the Rollblock presale. Tokens can currently be purchased for just $0.02 during stage four, though this price is expected to see a massive 100x increase before the end of 2024.

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