Ethereum has been on a downtrend since early August as recession fears hit the US market. Over the past month, Ethereum's price has fallen 13.37%, hinting at strong bearish dominance.
Ethereum and Bitcoin Poised for Losses as ETH/BTC Hits 2-Year Low; Rollblock’s ($RBLK) Low-Cap ICO Set to Skyrocket in Q4
Ethereum’s price has fallen over 13% in the past month and is now trading at $2,307. Due to selling pressure, ETH is trading below its short-term and long-term EMAs and has hit a two-year low on the ETH/BTC chart.
Meanwhile, Bitcoin’s price has remained stable ahead of the Federal Reserve rate cuts. If officials announce the first interest rate cut in four years, BTC’s price could drop further due to traders’ caution. However, Bitcoin is showing bullish momentum on the BTC/USD daily chart and could rally to the $66,494 resistance if investors regain confidence.
Finally, Rollblock's new low-cap gem is emerging as the hottest DeFi altcoin for Q4 gains. Rollblock's GambleFi protocol offers an online casino with over 7000 AI-powered games and a native utility token with deflationary tokenomics, set for 800% gains before Rollblock's ICO ends. Even in presale, Rollblock's casino has raised over $3.5 million in record time.
Ethereum’s price has been on a downtrend since early August as recession fears hit the US market. Over the past month, ETH’s price has fallen 13.37%, hinting at strong bearish dominance in the market. At press time, Ethereum’s price is $2,307.55 with 80% of the community showing bearish sentiment towards the asset.
Due to this bearish sentiment, ETH has failed to make any significant price movements and is now trading below its short-term and long-term EMAs. This suggests that Ethereum’s price is likely to continue falling in the upcoming weeks.
Adding to this, Ethereum has also fallen to a two-year low on the ETH/BTC chart, indicating that ETH’s price is unlikely to make a recovery any time soon.
Bitcoin’s price has remained relatively stable over the past few weeks, with analysts projecting substantial declines after the upcoming Federal Open Market Committee meeting.
If officials announce the first interest rate cut in four to four years, Bitcoin’s price could plunge even deeper into bearish territory as traders become more cautious about their investments. For now, BTC’s price is up 2.49% with a stable surge in volume, trading at $59,732 at press time.
Bitcoin and the broader crypto market are also experiencing an election push as Republican candidate Donald Trump showed commitment towards making America the first crypto country.
As a result, Bitcoin is gaining bullish momentum on the BTC/USD daily chart by trading above the 50-day and 200-day EMAs. If investors regain confidence, Bitcoin could climb to the $66,494 resistance in the upcoming months.
While top cryptos like Ethereum and Bitcoin struggle to make significant price movements, Rollblock's new low-cap gem is emerging as the hottest DeFi altcoin for Q4 gains.
Rollblock's GambleFi protocol doesn't only offer an online casino, but it has a native utility token with deflationary tokenomics that is poised for 800% gains before Rollblock's ICO ends.
Rollblock's casino currently hosts more than 7000 AI-powered titles such as slots, roulette, blackjack, and new Web3 games. The platform is already licensed and regulated by Solid Proof and Gaming Curacao, so Rollblock investors don't have to wait for the token's official launch to start making gains.
Even in presale, Rollblock's casino has managed to raise over $3.5 million in record time, making it one of the fastest-growing iGambling platforms the market has ever seen.
Since Rollblock is committed to creating a community of like-minded traders and gamblers, the platform is removing barriers to entry with no KYC verifications required on signup. This allows new traders to sign up by only connecting their wallets and depositing a crypto – no additional information is required.
By investing in Rollblock during its presale, traders become part of a VIP group entitled to exclusive, tiered bonuses based on their $RBLK holdings. If traders become long-term holders and liquidity providers in the Rollblock ecosystem, they also receive weekly staking rewards with up to 30% APY.
With this opportunity to receive a weekly passive income, savvy traders are rushing to get their hands on Rollblock's native $RBLK token before the price skyrockets on launch day. For now, Rollblock's presale stage six is nearly 70% sold out, with tokens selling at a low price of $0.026 each
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