Ethereum Could Take Crown Back From Solana As Bitcoin Slides – Will ETH Hit a New High This Cycle?

December 22, 2024

According to analysts, Ethereum might recover its lead over Solana as Bitcoin’s price falls. This potential shift has left investors speculating whether ETH could reach a new ATH in this cycle. With interest soaring over Ethereum’s scalability upgrades and its expanding DeFi ecosystem, the stage is set for a possible breakout. However, Solana’s recent price struggles could ease Ethereum back to the top sooner rather than later.

As Bitcoin loses momentum, Ethereum is grappling with bearish sentiment, leaving holders debating their next move. In the past 24 hours Ethereum’s price plunged 15% to $3,125 marking a weekly decline of 20% from its recent peak of $3,689. 

However, optimism persists as Ethereum’s trading volume surged 37%, hinting at potential market interest. Notably, 10% of validators support raising the gas limit to 36 million, a shift that could lower transaction fees and improve network efficiency. Analysts suggest a further dip to $3,035 might attract buyers seeking discounted Ethereum, but caution remains for those wary of prices falling below $3,000.

Solana has seen a sharp decline of 14% in value over 24 hours. SOL is now trading at $180 after failing to overcome the $200 resistance. Additionally Solana’s market cap slid 15% to $86 billion and Open Interest fell 2.79% to 25.43 million SOL. 

Despite these setbacks, Solana’s trading volume jumped 50% to $10.65 billion, while Bitcoin’s saw a 20% spike in trading volume. Innovations like JupiterZ’s gasless, slippage-free swaps enhance user experience and fuel optimism among analysts and holders. 

Rollblock (RBLK) is making waves as a rising star in crypto, blending decentralized finance (DeFi) with online gaming through its innovative GambleFi platform. Offering over 7,000 games, including a live casino, sports betting, and classic iGaming favorites, Rollblock leverages Ethereum-backed smart contracts to ensure fairness, security, and transparency. This approach addresses critical issues in the global gaming sector while attracting a growing community of investors and players.  

Rollblock’s ecosystem goes beyond gaming by rewarding liquidity providers with up to 30% APY through staking. Its deflationary tokenomics include a buyback and burn system, using 30% of weekly profits to buy $RBLK tokens. 60% of these are then burned, reducing supply and driving value. The remaining 40% bolsters staking rewards, creating a sustainable incentive structure for long-term growth.

During Stages 7 and 8 of its presale, Rollblock attracted major Bitcoin investors, taking its total investors to over 32,000. Analysts project early adopters could earn up to 880% returns before the token hits open markets. 

While Solana, Ethereum, and Bitcoin are long-term altcoins for good returns, Rollblock is poised to offer better returns in the short and long term. The platform recently passed an audit by Solid Proof, showing it prioritizes security and immersive gameplay while offering massive returns.

At press time, $RBLK tokens are priced at $0.043. With over 32,000 investors already backing  this project, now is the time to join the bullish train.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Socials:https://linktr.ee/rollblockcasino

 

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