Bitcoin’s price increased by over 150% in the last year. However, despite ETF inflows and Bitcoin’s halving, BTC is struggling to pass $70,000. Over the past week, it met resistance at $69,000 and has since decreased. This has triggered a market-wide drop, though TRON and Rollblock are defying bearish trends. Both projects have seen price increases, and experts believe that Rollblock could hit a third all-time high in June.
JPMorgan Reports Huge Bitcoin Inflows
A report by JPMorgan shows that the crypto market saw an inflow of $12 billion in the first five months of 2024. According to JPMorgan’s predictions, inflows could go as high as $26 billion by the end of the year. However, JPMorgan stated that the numbers might not be as positive as first thought.
According to an analysis by Nikolaos Panigirtzoglou, a significant amount of inflows came from Bitcoin ETFs, and therefore, these figures could be a redistribution of funds rather than new investments.
Nonetheless, Bitcoin’s popularity continues to soar. At the time of writing, Bitcoin had a daily trading volume of $26.7 billion, and BTC was trading at $66,905. According to crypto analysts, Bitcoin could pass $70k before the end of Q2 and could reach $100k by the end of 2024.
TRON Rallies Amid HackaTRON Success
The TRON DAO recently launched Season 6 of its HackaTON in Geneva, Switzerland. Throughout the event, participants helped to redefine the digital landscape, creating innovative solutions in areas such as Web3, DeFi, artistry, and more.
In total, over 1,100 participants attended the TRON event, each of whom built their own project on the TRON blockchain. The prize pool for this year was $650,000 and included $500,000 in TRON’s utility token, TRX.
Since the event TRONs price has increased by 1.79%, and TRX is now trading at $0.1161.
Rollblock Presale Raises $750,000
Rollblock is defying bearish market trends. Over the last week its third presale round has gained huge momentum, and the new GambleFi protocol passed the milestone of raising $750,000. Analysts are now making bullish predictions for the Rollblock presale, predicting that its utility token, RBLK, could see returns of over 720%.
Rollblock is a disruptive DeFi project. It applies blockchain technology to the $450 billion gambling market, introducing an AI-powered GambleFi casino. The Rollblock casino offers greater security than traditional online casinos. It accepts over 20 cryptocurrencies for transactions and hosts more than 150 game modes.
In addition to using crypto for placing bets, Rollblock lets investors generate a passive income by holding RBLK. Rollblock will share up to 30% of its daily revenue with token holders, offering fantastic APY to help investors build passive income streams.
Rollblock will buy RBLK from the open market to deliver on this promise. Half of the tokens it buys will be used for rewards, which are paid out weekly. The remaining half will be burned, creating scarcity to increase the price of RBLK.
RBLK is currently selling for $0.014 during stage 3 of Rollblock’s presale, making it a low-cost, high-potential investment opportunity with many investors expecting the project to show 12x returns once listed on a tier 1 exchange!
Rollblock’s Casino is Already Live
Investors don’t need to wait to jump right into the action. The Rollblock casino is already live, licensed, and generating revenue. The development team also has plans to increase the casino’s portfolio and will add sports betting over the next few months. This will increase payouts for investors, making Rollblock a highly appealing presale.
To learn more, visit the website and their socials.