Ethereum Aims for $5000 as Altcoin Season Approaches; PEPE Surges by 12% and Rollblock Identified as Next Potential 100x Cryptocurrency
The cryptocurrency markets have experienced a significant surge following Monday’s market instability, with Ethereum poised for a long-awaited turnaround. At the same time, holders of Pepe are optimistic about its current price increase, and Rollblock ($RBLK) is being touted as a potential 100x gainer this year due to its extensive utility and limited supply.
Ethereum ($ETH) has made a notable upward move by surpassing the $2550 resistance level in the past 24 hours. The cryptocurrency has successfully cleared this critical barrier and is approaching the 200-day moving average at $2,726. Despite losing market share in recent weeks, Ethereum is now seen as potentially embarking on a journey back to its yearly highs above $4,000 and eventually entering a price discovery phase, as the selling pressure from the Grayscale Ethereum trust appears to have subsided.
Pepe ($PEPE) has witnessed a remarkably bullish daily candle, surging over 12% to $0.058. This surge is accompanied by a nearly 20% increase in 24-hour trading volume, exceeding $1.13 billion, positioning Pepe as one of the top 10 most traded coins of the day. With a market capitalization comfortably above $3.6 billion, further upward momentum could propel the frog meme coin into the top 20 cryptocurrencies. However, Pepe enthusiasts need to demonstrate significant strength to push the coin above the 100-day moving average at $0.000011, which might impede short-term rallies.
Rollblock ($RBLK) has launched a presale with an enticing offer of matching users’ initial deposits by 100% up to $500. The platform aims to introduce decentralized technology to the $450 billion online gambling sector, potentially revolutionizing the crypto gaming industry. Rollblock’s casino operates anonymously without requiring KYC verification, ensuring user data security. Users can simply connect a crypto wallet and deposit any of the 20+ supported cryptocurrencies to begin. The RBLK token, with a billion coin hard cap and deflationary tokenomics, will be repurchased and burned weekly using up to 30% of the casino’s profits, leading to a reduction in supply and potentially driving demand. Over 7,000 investors have already participated in the presale, with the token priced at just $0.02, offering investors an opportunity to get in before the expected 100x milestone.
The exciting developments in the crypto space highlight the potential for significant growth and innovation, attracting interest from investors and enthusiasts looking to capitalize on the evolving landscape of digital assets and blockchain technology.
