Crypto News: SEC Drops Ether (ETH) Investigation, Shiba Inu (SHIB) Gains Support From British Red Cross, Rollblock Presale Dominates Headlines

banner-image

🚀 Stay Ahead with AltcoinDaily.co! 🌐

The U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into the Ethereum (ETH) blockchain ecosystem, according to a major announcement from Consensys, a leading Ethereum software development company. 

This news marks a significant victory for the entire blockchain industry, and this is evident as more altcoins also began a period of price recovery, as Shiba Inu (SHIB) is now also at an uptrend, especially as it gained support from the British Red Cross. As for Rollblock (RBLK), it’s seen a 40% price uptrend and at this rate can provide major ROI. 

Shiba Inu Crypto to Recover Following Bullish Market Sentiment

Shiba Inu (SHIB) is gaining traction beyond just a meme coin. The American Cancer Society, American Red Cross, and even the British Red Cross are now accepting SHIB donations. This move allows crypto enthusiasts to support important charitable causes while showcasing the potential of SHIB for social good.

  🌟 Unlock Crypto Insights with AltcoinDaily.co! 💰

However, the Shiba Inu price wasn’t immune to the recent market dip, experiencing a steeper drop than most with an 17% decline over the past week. Despite this, the Shiba Inu crypto saw some price movement, trading between $0.00001745 and $0.00002182. While the Moving Average Convergence Divergence (MACD) indicator currently sits on neutral territory, a shift towards bullish signals could fuel further price increases for SHIB. The Shiba Inu price prediction for Q4, 2024 remains optimistic, with some analysts suggesting it could reach $0.000038, placing it as the best cryptocurrency to invest in.

Ethereum Price to Recover Following the SEC’s Dismissal of the Investigation

After a period of settling around $3,384, Ethereum (ETH) has broken out in a big way this week. The Ethereum price surged 10%, reaching a high of $3,632. This positive momentum is backed by technical indicators like RSI and MACD, which are both flashing bullish signals. For the Ethereum crypto to now regain momentum, it needs to appeal to bulls, and this could happen especially as the SEC dropped their investigation in the blockchain.

Analysts are taking notice, predicting a potential continuation of this upward trend throughout 2024, and based on the Ethereum price prediction, it could hit $5,546 by the end of the year, positioning it as the best cryptocurrency to buy.

 🦂 AltcoinDaily.co is your trusted source for the latest in crypto news and insights. 🚀

Rollblock (RBLK): A Leader Poised to Revolutionize the Future of Decentralized Gambling

Rollblock (RBLK) disrupts the online casino landscape by pioneering a fusion between a licensed platform and an ERC20 token, and bypasses the limitations of  centralized models, leveraging blockchain’s transparency to eradicate opacity and foster trust. RBLK positions itself as a first mover in the nascent GambleFi market, a sector predicted to reach a staggering $744 billion valuation by 2028. 

This early-adopter advantage grants RBLK a strategic foothold to capture a significant market share within this burgeoning ecosystem. Beyond technological innovation, RBLK implements a meticulously crafted tokenomic model to cultivate a dedicated investor base. A compelling 30% of platform profits are allocated towards repurchasing RBLK tokens from the open market. Half of these tokens undergo a deflationary mechanism known as a burn, permanently removing them from circulation. This action increases RBLK’s scarcity, potentially driving up its intrinsic value and leading to a higher token price. 

The remaining half is strategically distributed back to RBLK holders, incentivizing long-term investment and solidifying its position as a valuable holding within a user-driven ecosystem. Currently in Stage 3 of its presale, RBLK boasts a trading price of $0.014, reflecting a noteworthy 40% appreciation from its initial price. Analysts project a potential surge of 200% by the week’s end, indicating significant ROI potential for early investors. The project has already secured over $780,000 in funding, with projections estimating this figure to surpass $1million by June’s conclusion. This impressive fundraising momentum positions RBLK as a strong contender within the GambleFi landscape, making it the best cryptocurrency to buy.

Which Crypto Can Dominate the Headlines Moving Forward?

It’s clear that both Ethereum and Shiba Inu could reach new gains in 2024, however, despite this, most of the attention has gone towards the Rollblock presale, as it can revolutionize decentralized gambling, and its value could spike in the long term, making it the best cryptocurrency to invest in.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

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

Socials: https://linktr.ee/rollblockcasino

 🔍 Your Crypto News Hub: AltcoinDaily.co! 🌐

Asset management firm Bitwise has pledged a total of 10% of..

With no central authority formally supervising their use as a payment..

Coinbase Exchange has been upgraded from "Buy" by Citi analysts as..

ads-image ads-image