According to crypto expert Daniel Bernstein, Ethereum could hit $6,600 after its ETF approval. With eight ETF applications being approved in the last 24 hours, this is a bold prediction.
Since the approval, many cryptocurrencies have seen massive surges in their trading volume, with Ethereum, Arbitrum, and Rollblock being three of the biggest gainers. Now, with hundreds of new investors buying each, experts believe price rallies will soon follow.
Ethereum Becomes 2nd Most Traded Cryptocurrency
Since the approval of 8 Ethereum ETFs, Ethereum’s trading volume has doubled. This massive 100% increase has taken Ethereum’s daily trading volume to $47.4 billion, making ETH the world’s second most traded cryptocurrency.
However, Ethereum’s price has failed to replicate this bullish trend. Over the last 24 hours Ethereum’s price has fallen by 4.15%, taking ETH down to $3,657. That said, experts remain bullish about Ethereum’s growth.
Daniel Bernstein believes that Ethereum could hit $6,600 within a few weeks, a rise of almost $2000 from its former all-time high of $4,891.
Arbitrum Trading Volume Surges By 120%
Since Ethereum’s ETF approval, Arbitrum has also experienced a significant rise in its daily trading volume. Over the last 24 hours, Arbitrum’s volume has increased by 120% to $1.6 billion. At the time of writing Arbitrum was the 12th most traded cryptocurrency in the world, despite not even being in the world’s top 20 ranked cryptos by market cap.
However, much like Ethereum, Arbitrum’s price had declined. Over the last 24 hours Arbitrum’s value has fallen by 3.3% to $1.14, though bullish trading movement suggests that investors are confident that Arbitrum will rally.
Bernstein’s Prediction Is Bullish For Rollblock
Bernstein’s prediction is good news for Rollblock as such high returns would create a buying frenzy throughout the market. Rollblock has already gained significant traction, increasing in value by 20% after selling out during the first stage of its presale.
Rollblock is one of the world’s first DeFi casinos that offers revenue share. Its casino is live and offers over 150 different game modes. The casino itself is also fully licensed, and will soon introduce sports betting.
Compatible with over 20 different cryptocurrencies, players can get started with ease, enjoying many table favorites. At the same time, they can also build a passive income with Rollblock’s revenue share initiative. The platform will share up to 30% of its daily revenue with investors holding $RBLK.
To initiate this, Rollblock will use revenue to buy $RBLK from the open market. It will then split the tokens into two halves. The first half will be used for rewards, and the remaining half will be burned out of circulation. This will have a deflationary effect, driving up the price of $RBLK over time.
Although the project’s value has already increased by 20%, experts believe this is just the start of Rollblocks’ growth. Many predict that $RBLK tokens will surge a massive 720% during its presale, offering substantial returns for early investors.
Rollblock Could Sell Out Faster Than Planned
With Ethereum ETFs on the way, Rollblock is in a strong position to capitalize on market growth. This could result in its presale selling out faster than expected. Therefore, investors need to act fast to avoid missing out on this massive opportunity.
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