ETH targets $5,500 as SOL and RBLK prepare for takeoff

Ethereum aims for $5,500 following the potential launch of spot ETFs, while Solana and Rollblock, with its unique revenue-share model, are set for significant gains.

Ethereum (ETH) has dropped under $3,500 despite Bloomberg analyst Eric Balchunas estimating that spot Ethereum exchange-traded funds (ETF) could launch on July 2, 2024, however, sentiment is bullish on its future as it could reach $5,000 once everything sets in. 

In addition, Solana (SOL) has also experienced a price uptrend, yet, all of the attention is moving toward Rollblock (RBLK) due to its unique revenue-share model and already established and licensed igaming platform. Today we will discuss their future price projections to determine which one can climb the most over the coming weeks. 

Ethereum to climb above $5,500 following July 2 ETF launch

Bloomberg ETF analyst Eric Balchunas recently took to X (Twitter), signifying a potential shift in the regulatory landscape surrounding Ethereum Exchange Traded Funds (ETFs). His post highlighted an ongoing dialogue between the U.S. Securities and Exchange Commission (SEC) and the eight entities vying for approval of their respective ETH ETF proposals.

This occurred as the SEC commented on the S-1 registration statement, which is a crucial step in the final approval procedure. The expectation is for the issuers to address these comments within a week, and if this is met, this could result in a launch date as early as July 2, 2024. 

The Ethereum crypto did slip under $3.500, where it found support at $3.440 recently, however, sentiment on its future is still bullish. If the Ethereum price manages to break above $4,000, it is poised to see far more gains. Based on the on-chart metrics, specifically the RSI and MACD data, it could move upward, and based on the Ethereum price prediction, it can end Q4 of 2024 at $5,546.

Solana at an uptrend: How far can it reach in 2024?

Solana (SOL) is at an uptrend on the charts as its value has risen 10%, which could propel the crypto to new heights. Just during the past week, the Solana price moved from $131.90 to $160, and at this rate is closer than before toward breaking the $200 mark. 

The all-time high for the Solana crypto was on November 6, 2021, where it reached $259.96. According to the on-chart metrics, its future is bullish, and based on the Solana price prediction, the furthest point it can reach in 2024 is at $264.43, positioning it as the most promising cryptocurrency to buy now.

Rollblock leads with unique Revenue-Share model

Rollblock (RBLK) emerges as a potential disruptor in the traditional casino landscape by leveraging blockchain technology to cultivate an ecosystem of unparalleled transparency and functionality. This approach positions RBLK to become a frontrunner in the rapidly expanding GambleFi market, projected to reach a staggering $744 billion by 2024.

Through its unique functionality and rich feature-set, RBLK caters to a specific niche within the cryptocurrency space by eliminating the requirement for Know Your Customer (KYC) checks. This fosters a haven of anonymity, particularly appealing to privacy-conscious users who prioritize data security. Notably, the RBLK casino platform is already operational and fully licensed, granting it a significant first-mover advantage within the GambleFi sector.

Another key aspect behind Rollblock that makes it a major point of appeal is the revenue-sharing model, where up to 30% of the casino’s profits on a weekly level are allocated toward a strategic program that buys back tokens from the open market. Half get burned, which results in scarcity, while the other half are distributed to holders of the RBLK crypto which incentivizes long-term investment. 

At Stage 3 of its presale, the RBLK token trades at $0.014 which is indicative of a 40% price surge from the starting value. It attracted over 3,000 users, and has secured $770,000 in funding, with projections suggesting this figure could reach $1 million before the month concludes. As a result, analysts are bullish on its future and project a massive increase by the end of the month.

Conclusion

It’s clear that both Ethereum and Solana are primed to grow in value, yet, Rollblock is poised for a major takeoff. This solidifies its position as a high-growth investment opportunity within the burgeoning GambleFi market.

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