All applicants of ETH ETFs, including BlackRock, Grayscale, and VanEck, recently submitted updated S1s, taking a step toward the potential approval of the ETFs by the SEC. Notably, these ETFs have been speculated to witness millions in capital inflows within the first few months post-approval.
Three Ethereum tokens poised to benefit from the impending surge are ENA, ENS, and RBLK. Delve in to explore their gain potential!
ENA Poised For A Significant Rebound
ENA has surged 5% over the past 24 hours, seemingly gearing for a significant rebound from its record lows. Since hitting its record peak in April, ENA entered a persistent bearish decline, falling 72% below the all-time high, and into oversold conditions, with its RSI currently at 30.06.
Fortunately, this RSI level is historically known for presenting long-term buying opportunities, which ENA seems poised to leverage, considering that its trading volume spiked by 24% over the weekend, pushing its market sentiment from the bearish zone into the neutral zone.
Additionally, ENA is currently trading near its cycle high at $0.493, and higher prices could push it toward $0.650 this week. Besides, many crypto experts predict ENA could trade up to $3 this year, following the potential approval of ETH ETFs.
ENS Speculated To Surpass Record Peak
ENS has had a good year, outpacing 76% of the top 100 cryptocurrencies, including Bitcoin and Ethereum, with an upside of 187% over the past year. This week, ENS registered a 15% price increase, with its trading volume surging from $428.81 million to $1.09 billion.
These recent gains have been largely tied to ENS’s recent listing on Upbit– the first and largest Korean crypto exchange– pushing its market dominance to 0.04% and subsequently sparking speculations regarding its potential to surpass its ATH this year.
If these speculations hold, ENS could witness a 68% surge. This isn’t far-fetched, as 82% of ENS’s technicals support this bullish outlook. Specifically, the coin is trading above the 200-day SMA, with a bullish overall market sentiment.
Rollblock Geared For 800% Surge In Its Presale
Rollblock is one of the Ethereum tokens set to capitalize on the anticipated inflows on Ethereum ETFs to record explosive growth. Despite being a new player in the Ethereum ecosystem, it has proffered unprecedented solutions to the ecosystem, quickly climbing the ranks in the ERC20 coins sector.
One such solution is its low gas and transaction fees. Before now, Ethereum transactions were known for their incredibly high gas fees, but thanks to Rollblock, that is now past history. Potential investors can, therefore, enjoy swift deposits, immediate withdrawals, and lightning-fast transaction speeds at incredibly low gas fees on the Rollblock protocol.
Crucially, Rollblock’s solutions transcend the confines of the Ethereum ecosystem. The project has developed an online casino, mitigating the problems of accessibility, privacy, and transparency that have long plagued the gambling industry. Unlike traditional casinos, Rollblock exclusively accepts crypto deposits from players.
It has also bypassed the need for KYC verification and uses advanced AI and blockchain technology to offer transparent analytics on betting history. Notably, the project is currently selling its play-to-earn token, RLBK, on its ongoing public presale. The tokens grant presale investors access to the casino and have been projected for an impressive 800%+ surge from its current stage 3 price of $0.0154 at launch.
In conclusion, ENA, ENS, and RBLK have strategically positioned themselves to register unparalleled gains by leveraging the potential capital inflows projected into the Ethereum ecosystem, following the successful approval of Ethereum spot ETFs.
Savvy crypto investors are subsequently keeping an eye out for the perfect entries to capitalize on these gains, and Rollblock has quickly provided one with its ongoing presale!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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