After the launch of the Bitcoin ETFs in January, there was a lull in price action. A similar pattern emerged this week with the launch of an Ethereum ETF, but if history repeats, we can expect a price pump soon. Meme coin Pepe also experienced a 10% price crash in the last week, but the Pepe price is likely to rebound once ETF outflows stabilize.
We don’t only have one Ethereum ETF; we have eight! What next?
There had been a big call for an Ethereum ETF, and only a month ago it was looking unlikely. However, the SEC completed the most unlikely about-face, and now all of a sudden we have eight. This sudden influx of ETFs has introduced new dynamics into the Ethereum ecosystem.
As expected, however, there has been an outflow from the Grayscale Ethereum ETF, which has dominated the other seven, and so we have seen a significant crash in the ETH price. Despite the initial volatility, this should open up the floodgates of institutional money and should have a positive effect not just on the ETH price but on the entire ecosystem.
The Pepe price crashed 10% in the last week.
Pepe is a popular meme coin inspired by the Pepe the Frog meme, and it saw some significant gains in the run up to the Ethereum ETF launch, but like everything else in the ecosystem, the Pepe price has suffered too.
The market should bounce back, especially as the outflows of the ETFs slow, and this should have a positive impact on Pepe. Will we see the Pepe price hit new highs? Well, we’re still very early in the bull cycle, and meme coins tend to do well.
Rollblock on a high during the altcoin market crash
Rollblock is making a big impact in the online gambling sector with its unique GambleFi platform. The recent introduction of the Ethereum ETF has further solidified the platform’s credibility, and while the rest of the ecosystem has suffered, RBLK has seen increased interest.
One of the standout features of Rollblock is its provably fair technology. Thanks to blockchain, it can offer transparency and guarantees that all gaming outcomes are auditable and tamper-proof, something the traditional gambling industry is clearly concerned about.
For investors and holders, Rollblock offers a revenue share model. This ensures token holders will receive a portion of the casino’s income, thus aligning the platform’s success with its investors. There’s also an instant buyback and burn mechanism, where the platform repurchases tokens from the open market and burns them to reduce the total supply.
Rollblock’s presale is a clear success. Now in stage 4, and up almost 75% in price, but with expectations of 880% during the presale and a further 100x after it launches, it’s clear Rollblock has a long way to go.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasin
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