Ethereum Outperforms Bitcoin as ETH Whales Accumulate: Key Insights

After a period of trailing behind Bitcoin’s recovery, Ethereum is finally making a move with a recent jump to $3.3k. Ethereum’s dominance may be at 12.24%, but a strong 8% increase in price over the past week has led to this upward momentum. This surge comes as investors return to the altcoin market following Gary Gensler’s resignation from the SEC. Gensler’s departure could signal positive change for Ethereum, as he has previously hindered the development of the US crypto industry.

Institutional investors seem to be catching on to Ethereum, with a significant influx of $16.8 million in a single day into the Fidelity Ethereum ETF fund. This new interest could help Ethereum break through resistance at $4k in the near future.

Meanwhile, Solana has been outpacing Ethereum, hitting new all-time highs at $260 this week. Despite a harsh 97% retrace during the bear market, Solana is now showing signs of bullish continuation. Active on-chain addresses are at an all-time high, and DEX volume on the Solana chain has even surpassed Ethereum and its layer 2 chains combined. Some analysts predict that Solana could reach $1,000 by 2025.

On another note, the crypto casino Rollblock (RBLK) has been gaining attention among investors. With a recent all-time high of $0.036 during its presale, Rollblock has attracted many crypto enthusiasts eager to disrupt the online gaming space. Rollblock operates on the Ethereum chain, ensuring fair play and transparency in betting activities.

Rollblock’s upcoming sports betting feature is expected to open up new revenue streams and further solidify its position in the gaming sector. With an array of over 7,000 games to choose from and live dealer modes, Rollblock offers a vibrant gaming community. Additionally, RBLK holders benefit from a revenue-sharing scheme that involves burning 60% of tokens and distributing the rest to stakers.

Market analysts predict that Rollblock could outperform Solana with up to 50x gains once it gains mainstream adoption this year. For those interested in exploring Rollblock further, check out their presale at https://presale.rollblock.io/.