Marathon Digital Holdings (MARA) purchased 12,000 bitcoins. This strategic move raises questions about the impact of a second bitcoin rally on altcoins such as Rollblock and Litecoin. Litecoin is considered the “money of Bitcoin”. However, it could see renewed interest in the event of an uptrend. As for Rollblock’s GambleFi platform, it is unique among DeFi platforms and can offer considerable returns regardless of how Bitcoin moves.
MARA acquires 12,000 bitcoins
On December 6, bitcoin crossed the $100,000 threshold. Long-term investors have benefited from a 15% rise in the value of bitcoin this month. Software company MicroStrategy, which began investing in bitcoin in 2020, has invested more than $23 billion in bitcoin acquisition. This strategy has paid off: the company has bitcoin holdings worth around $40 billion. This represents more than $17 billion in unrealized profits. Data from MSTR Tracker suggests that this rise marks the start of a phase of “euphoria” for bitcoin. Quinten François, co-founder of WeRate, predicts that this increase could continue until 2025.
In the meantime, MARA made a notable move by purchasing 11,774 BTC. Despite this, it still lags behind industry leader MicroStrategy. MicroStrategy strengthened its dominance with a portfolio of 423,650 BTC. The company added 21,550 BTC to its collection with a $2.1 billion investment. These substantial investments from both companies show their confidence in the long-term value of bitcoin.
Litecoin value soars by 74.6
Litecoin’s LTC is gaining value as optimism over a possible LTC ETF enters the market. The cryptocurrency performs well over longer periods: Litecoin’s value has climbed 45% in the last thirty days. Litecoin price value is also up 36.1% on the 14-day chart.
Analysts remain positive about the future of Litecoin. On Sunday, anonymous trader CryptoBullet noted that Litecoin was attempting a breakthrough. He predicted a potential price range of $233 to $280 if the breakout is successful. Furthermore, Peter Brandt, a renowned trader, speculated that Litecoin could follow the trajectory of XRP and reach $420.
Litecoin’s Relative Strength Index (RSI) is currently above 70, indicating high interest from buyers. The Hull Moving Average (9) and Directional Index Average (14) also suggest an upward trend. These indicators support the prospect of continued price growth.
The growth potential of Rollblock: A gain of 310% and counting
Rollblock (RBLK ) is focused on restoring trust and transparency in the $450 billion online gaming industry. The platform achieves this by leveraging the Ethereum blockchain, which ensures that all Rollblock transactions are securely recorded on-chain.
The platform offers over 7,000 casino games, including poker, slots and newly launched titles. Rollblock runs on the secure and transparent Ethereum blockchain and holds an eGaming license from Curacao. Likewise, it offers a true Las Vegas experience to players. The game catalog includes popular titles like Sugar Rush, Gates of Olympus, and Fruit Party 2 from Pragmatic Play. For those looking for live casino games, Rollblock offers Baccarat, Blackjack, Roulette, and Monopoly Live shows. Competitive PVP leaderboards add to the vibrant community.
Up to 30% of casino revenue is used for token redemption, reducing supply and increasing scarcity value. 40% of repurchased tokens are redistributed to stakers, while 60% are burned to reduce the total token supply. This balanced approach rewards RBLK token holders, deflates supply, and reinvests in the ecosystem, ensuring stability and growth.
Currently valued at $0.0415 at stage 9 of its presale, RBLK is expected to increase in value as investors recognize its disruptive potential. This blend of blockchain innovation and vast market opportunity makes RBLK a compelling investment. Interested investors should consider buying before stock listings drive prices higher.
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