ETF hype fuels new crypto frenzy; XRP Soars Following Potential Departure of SEC Chairman

Latest Update:

November 18, 2024 09:58 UTC+1

Auteur

Emmanuel Mounier

Auteur

Emmanuel Mounier

About the Author

Emmanuel writes for Cryptonews, focusing his expertise on evaluating crypto markets, exploring iGaming and artificial intelligence. Armed with a degree in biochemistry, he…

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Latest Update:

November 18, 2024 09:58 UTC+1

ETF hype fuels new crypto frenzy; XRP Soars Following Potential Departure of SEC Chairman

Altcoins like Solana (SOL) and Ripple (XRP) have seen strong moments, leading to strong price performances over the past week. While Trump’s recent victory and other market forces are responsible for the sharp rise in SOL and XRP prices.

Before getting into the details, it is crucial to look at Rollblock, a new crypto that is already hitting the ceiling with a presale increase of over $5.4 million. Let’s see why the token is causing FOMO among investors.

Solana ETF speculation drives the coin’s price higher

Following the launch of the Bitcoin ETF (exchange traded fund) in January and the approval of the Ethereum ETF in July, strong speculation about the approval of a Solana ETF in 2025 is moving heavily in the market. SOL is the next largest blockchain after Bitcoin and Ethereum, and experts are optimistic that it will be the next to launch ETFs after approval from the United States Securities and Exchange Commission (SEC).

According to ongoing speculation, there is an “extremely high” chance that a Solana ETF will begin trading within the next year, leading to larger institutional investments in the coin. This has caused a strong uptrend among SOL investors, leading to 44% growth over the past month.

XRP Soars After Gensler Resignation Hint

Ripple has had a mixed year with ups and downs as its SEC lawsuit continues to linger. However, a recent hint of the resignation of SEC Chairman Gary Gensler has caused a change in fortunes for XRP. The price of XRP quickly reacted to the news, increasing by over 113% in the last 7 days.

The retirement rumors were further boosted by Gensler’s statement after a lawsuit was filed against the SEC by 18 states and a cryptocurrency advocacy group. The lawsuit says Gensler’s crypto laws are illegal and unconstitutional. The price of XRP now stands at $1.17 at the time of writing, which is still far from its all-time high of $3.3.

Rollblock Presale Raises Over $5.4 Million

Another altcoin that has reached new highs in the crypto market is Rollblock (RBLK). The new crypto powers the Rollblock Casino ecosystem, which provides GambleFi opportunities for users to make the most of the online gaming industry.

With the industry expected to be worth more than $132 billion by 2029, Rollblock taps into a global market by merging cryptocurrency investing and online gaming. The new project has a dedicated online casino with thousands of games for players to enjoy.

It also reserves various investment opportunities for RBLK token holders. These include its revolutionary revenue sharing program which rewards users with a portion of its weekly profits and a rakeback system offering token holders the opportunity to get a percentage of their daily, weekly and monthly.

Additionally, there is a staking feature allowing token holders to lock up their assets and earn up to 30% APY. VIP bonuses also exist for players to earn additional RBLK tokens and other exciting rewards. It’s no surprise that Rollblock has already raised over $5.4 million in presale phase 8, given these features.

Conclusion

The Rollblock token is currently trading at a discounted price of $0.035 and will increase in the next presale stage. Now is a good time to take advantage of the low price before it explodes. For a limited time, RollBlock tokens are available with a 50% bonus, providing the perfect opportunity to acquire $RLBK!

Discover the exciting opportunities of the Rollblock (RBLK) presale today!


Site web:
https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino

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