It’s a slow time for the major cryptocurrencies, with markets everywhere tepid to buying more of most cryptos at the moment and prices falling. In the seven days ending Saturday, Sept. 7, Ethereum and Bitcoin fell 10% and 9%, respectively, and fell over 16% and 13% for the monthly window. But Rollblock, a GambleFi crypto casino has grown 150% in a $3M presale.
The markets for Ethereum and Bitcoin are rough in part because of the September doldrums that traders mostly face every year. According to CNBC, citing the Stock Trader’s Almanac, every other month of the year has historically outpaced September for gains in stocks among the Dow Industrial 30, S&P 500 Index, NASDAQ Composite, and Russell 2000.
September has likewise been the worst month for Bitcoin prices, according to a recent blog update for the Unchained Crypto podcast.
It’s a tough month for Bitcoin and Ethereum
“While momentum usually overrides seasonal concerns, September is hard to ignore – it is the only month down on average,” Frank Gretz from Wall Street wealth management firm Wellington Shields said in a note to clients Friday. One area where momentum is overriding the seasonal drift is in crypto casinos, where a new GambleFi token, Rollblock, is making waves.
The overall situation for more established cryptocurrencies is looking dire. That is apart from the perspective of Web3 moon dogs, altcoin gem hunters, and 1000x insta-launch fanatics.
Add to the seasonal slump this year’s contentious US political election. Financial markets worldwide showed their nervousness at the beginning of August over the prospects of either candidate winning. A Democratic win would bring the cost of greater regulation and higher taxes. A Republican win would trigger a costly trade war with US trading partners.
On top of all that Bitcoin and Ethereum just don’t deliver the kind of returns that early stage funding does because they’re not early stage anymore. In fact, the game looks like it might be over for Bitcoin and Ethereum ultra-high ROI because it keeps shrinking by dramatic amounts with every turn of the four-year Bitcoin supply halving cycle.
Advertisement Banner
In the 2012 cycle, BTC delivered 50,000% ROI from trough to peak of the bull market, one year after the halving. In the 2016 cycle, that hard orange coin gave investors back 8,500% a year and a half after the halving. By the 2020 cycle, the returns had shrunk to 1,000%. Unless Bitcoin picks up again, it looks like this cycle’s bottom buyers will have to settle for 437% ROI.
Rollblock crypto casino raises $3 million for RBLK tokens on 150% in presale markups.
Instead of base level coins like Bitcoin, Ethereum with an already enormous market cap, Web3 coins are delivering the kind of eye-popping profits everyone seeks.
Of course a project can’t merely be new to be worth buying. All successful projects must deliver some useful function that people really value.
That’s why Rollblock’s new decentralized online gaming token, RBLK, is thrilling GambleFi investors. Backers have plowed over $3 million early into Rollblock’s crypto casino. This is because of the professionalism of the implementation and the tokenomics of the currency. Things like token design to distribute casino winnings to the peers and players whose tokens power the network, high APY, and half a trillion dollar market are attracting punters.
Get in early on Rollblock’s massive presale today!
Website: https://presale.rollblock.io/
Socials:https://linktr.ee/rollblockcasino
This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach The Bit Journal’s audience directly. The Bit Journal’s editorial team does not create, endorse, or verify the content of Brand Press posts. Any views or opinions expressed in this content are solely those of the advertiser and do not reflect the opinions or views of The Bit Journal. The Bit Journal is not responsible for any claims, errors, or omissions in the content provided. For advertising inquiries, please email . [email protected]
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
