In a recent publication, the US SEC stated that it had closed the investigation of Ethereum. The authorities were checking whether Ethereum was a security with many in the opinion that Ethereum ETFs are finally on the verge of being approved for trading.
Reacting to the news, the prices of these top altcoins, ETH, ENA, ENS, and RBLK, went up as a result. Based on technical analysis, they could also move to record their new ATHs in the next few weeks if the momentum is sustained.
Ethereum (ETH) Set To Hit New All-time High
The SEC’s decision to halt its investigation on whether Ethereum (ETH) is a security has brought positive sentiment to the altcoin market. At the moment, the price of Ethereum is moving upwards and could reach $4k in the next trading sessions.
QuintenFrancois says ETH is set for a breakout from the descending wedge. They said the token is sitting on a major support and could rise to a new all-time high soon.
Ethena (ENA) Price Forecast
Ethena (ENA) is one of the largest new protocols in the market now with a TVL of over $3.5 billion. The protocol recently added new staking options and tokenomics to its roadmap that would keep the ecosystem stable and ensure long-term growth.
Even with this news, the Ethena coin is trading in losses. This could change with the latest news from the SEC. KryptonBTC cites $0.8519 and $1.0054 as likely targets for the altcoin in the future.
Ethereum Name Service (ENS) Soars, Targets $35
Since the last one year, the price of Ethereum Name Service (ENS) has surged by around 228.1%, making it rank higher than other top altcoins in the crypto market. The Ethereum Name Service token is also bullish on the monthly and weekly timeframes which shows that the investors are still interested.
Thus, the recent action of the securities regulator can bring Ethereum Name Service to new highs in the next trading sessions. As for the trading volatility, at the moment, ENS is oscillating in the $20-27 range. Possible levels of interest are at $30 and $35.
Rollblock (RBLK) Price Rises, More Price Growth on the Way
Rollblock (RBLK) is creating a gambling platform where gamblers can access some of the best casino games in the GambleFi market. Using blockchain technology will solve the issues that are troubling traditional online casino platforms. These issues are on the security, openness, and suspicion of how casinos and gambling platforms are run.
Unlike other casinos Rollblock does not require users to complete a KYC when accessing their casino. To get started users simply connect their wallet or sign up with an email, these simple barriers of entry have seen a substantial increase in users which has in-turn led to an increase in investors purchasing their native $RBLK token. The native token, $RBLK, plays a significant role in the ecosystem, $RBLK serves as a reward for players’ activity whilst allowing holders to stake in the future for additional rewards. Alongside this Rollblock has implemented a revenue share feature which sees up to 30% of the casinos daily profit being used to; share profit amongst holders, purchase $RBLK back from the open market and burning it to further increase the $RBLK token value.
With a revenue-share model which puts the holder first, analysts are optimistic about Rollblock’s potential after its first two presale phases sold out in record time. After raising just shy of $1 million in a few weeks, Rollblock’s native token RBLK has risen in value by 40%! Initially trading at $0.01 in stage one of the presale, the Gamblefi powerhouses token is now trading at $0.014, but experts expect it to reach $1 before the end of this year, making it one of the best coins to invest in.
Conclusion
We can see that the sentiment surrounding ETH, ENA, ENS, and RBLK has improved. Market watchers see them rising to new price levels before the end of this year if the positive sentiment continues. This potential makes them the best coins to invest in now especially Rollblock which is forecasted to generate 6x returns before the end of the year!