Ethereum

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When Ethereum stalls, other altcoins, such as Polygon, are expected to see further declines going into September. Meanwhile, Rollblock, an innovative new GambleFi altcoin, continues to tear through milestones as it just reached a new all-time high.
<h3 id="strong-ethereum-support-is-caving-strong">Ethereum Support Is Caving</h3>
Ethereum is currently priced at $2,381 with a 3.8% intraday decrease and selling pressure isn’t easing up. Ethereum’s bleeding is trickling down to all Ethereum-based layer 2s, creating a red avalanche that could send the entire market plummeting.
Recently concerns have been raised regarding the spending habits of the Ethereum Foundation as large sums of ETH stemming from the custodial wallets have been changing hands without explanation. The Foundation has stated that a financial report will be released which should bring some answers to the community.
On a more bearish note, investment firm VanEck has stated that it will liquidate its Ethereum Futures ETF, citing factors like investor interest, liquidity, and price performance.
<h3 id="strong-polygon-completes-matic-to-pol-upgrade-but-continues-to-test-bottom-strong">Polygon Completes Matic To Pol Upgrade But Continues To Test Bottom</h3>
Today, Polygon is selling for $0.36 following a 9.2% weekly decrease. Polygon is in deep bearish territory as it continues to move below the 50-day and 200-day moving averages.&nbsp;
Recently Polygon’s token went through a significant overhaul and is now named Polygon Ecosystem Token – POL. This upgrade is set to enhance utility and enable community governance as part of the Polygon 2.0 vision. The new Polygon token is designed to be “hyperproductive,” and it will earn fees from multiple sources beyond traditional gas fees, like staking and data availability.
<h3 id="strong-rollblock-eyes-nothing-less-than-100x-here-s-why-this-could-happen-strong">Rollblock Eyes Nothing Less Than 100x, Here’s Why This Could Happen</h3>
Rollblock is making headlines with its game-changing revenue-sharing mechanism that will grant users some of the highest APYs in the industry. Online gambling is set to be worth $750 billion in 2028 and Rollblock could bring significant disruption thanks to its cutting-edge casino platform.&nbsp;
The Ethereum blockchain is the backbone of Rollblock’s platform and ensures smooth, tamper-proof, and easily traceable transactions, bringing a breath of fresh air to an industry plagued by a lack of security and transparency.
No KYC is required to join, as Rollblock prioritizes user privacy above all else. Individuals just need to connect their wallets and immediately have 150 games available at their fingertips.
Each week, up to 30% of the profits generated by Rollblock will be reinvested to buy back RBLK tokens on the open market. Half of this amount will be redistributed among the community as recurring staking rewards, while the rest will be burned forever, promoting scarcity-driven price growth.&nbsp;
Stage 6 of the presale is now live and each stage is selling out quicker than the previous one. Priced at just $0.025, RBLK could soon become one of the best plays of the bull market, and taking into account all that Rollblock has to offer, a 100x moonshot is almost guaranteed by 2025. By the end of the presale alone, Rollblock is expected to soar by 800%! Don’t miss out!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: <a href="https://presale.rollblock.io/" target="_blank" rel="noopener noreferrer nofollow">https://presale.rollblock.io/</a> Socials: <a href="https://linktr.ee/rollblockcasino" target="_blank" rel="noopener noreferrer nofollow">https://linktr.ee/rollblockcasino</a>
The post <a href="https://www.ethnews.com/rollblock-has-another-huge-week-will-ethereum-and-polygon-bulls-make-a-comeback/" rel="noopener noreferrer nofollow">Rollblock Has Another Huge Week – Will Ethereum and Polygon Bulls Make a Comeback?</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Rollblock Has Another Huge Week – Will Ethereum and Polygon Bulls Make a Comeback?

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