Bitcoin (BTC) Stagnates Despite $2B ETF Inflows; Investors Looking To Rollblock (RBLK) and Celestia (TIA) For Gains
Capital inflow into Bitcoin is a major bullish signal that is often accompanied by price increases. However, despite the recent $2 billion net inflows recorded by BTC ETFs, the price of the leading crypto continues to stagnate. As a result, many investors are now looking for the best cryptos to buy, with Rollblock and Celestia emerging as the top picks from market experts.
Bitcoin (BTC) Stagnates Under $70k Despite Massive ETF Inflows
After peaking at $72k on May 21, the price of Bitcoin (BTC) dropped under the key support level of $70k. Farside Investors data revealed that $2 billion in net inflows has been pumped into BTC ETFs since May 15. So, investors expected a price rebound as the capital inflows entering Bitcoin ETFs began to rise.
However, unlike previous times, the Bitcoin price continued to consolidate under the $70k resistance level. The flat price movement of BTC has been linked to Mt. Gox coin movements, growing regulatory actions, and an anti-crypto lobby from the U.S. Senate. As a result, many investors are now looking to several top altcoins for gains.
Investors Bet on Rollblock (RBLK) To Transform the $450 Billion Market
Rollblock (RBLK) is a new DeFi project that has attracted a ton of investor attention over the last few weeks. There has been a lot of buzz about Rollblock because of its efforts in unlocking the full potential of the $450 billion iGaming market to crypto investors. This new DeFi project will achieve this loft goal with the all-new iGaming protocol.
The iGaming protocol is built to offer iGamers access to a fair and transparent iGaming experience. On Rollblock, they can access over 150 high pay-out games and be sure of every outcome because of the trustless process of iGaming. The platform is also fully licensed, further ensuring users of their safety.
Rollblock also allows its users to earn a passive income with its revenue sharing model. The team has announced that up to 30% of the project’s weekly revenue will be dedicated to buying back RBLK tokens from the open market. Half of the total sum will be issued to those who stake and HODL their RBLK tokens.
The other half will be burned to improve the value of RBLK, positioning it as one of the best cryptos to buy. Still in the third round of its presale, the price of RBLK has gone up by 40% to trade as high as $0.014. However, with the potential of its platform, market experts believe RBLK can trade between $2 and $5 before the year ends.
Upcoming Developments To Drive Celestia (TIA) Price To $20
Celestia (TIA) is one of the top altcoins that has been on the rise over the last few weeks, increasing by more than 15% to over $11. The positive view is attributed to the expected Consensus 2024 event and the Modular Summit 3.0 event to take place in July. At these events the co-founder John Adler will be speaking about modular expansion.
New developments coming to Celestia are the Kakarot zkEVM testnet of Starknet and the Chain Abstraction of Particle Network. With a possible expansion, market experts are predicting a potential rally to February highs of $20, making Celestia one of the best altcoins to buy now.
In Conclusion
Although Bitcoin has shown little price action despite the massive cash inflow, there are altcoins showing better promise. Among the best altcoins to buy now are Celestia and Rollblock. While TIA could set a new yearly high, Rollblock’s connection to a $450 billion market has made it the favorite of investors looking for the best gains in this bull market.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
