$ETH Price Sinks To $2.1k Investors Flock To Altcoin Alternative Producing 150% Gains, Is Litecoin The Right Coin? - ETHNews Analytics

Ethereum’s Decline and Growing Adoption

Ethereum’s price has fallen to $2,194, marking a 12.71% drop over the past week. This decline began with the launch of the spot Ethereum ETF in July, which quickly turned into a sell-the-news event. Despite the price slump, Ethereum has seen 4 million new holders in the past three months and an increase of 163,000 ETH in exchange reserves, signaling ongoing adoption and interest.

Litecoin’s Resistance Battle and Institutional Interest

Litecoin is currently trading at $62.33, having faced rejection at the $68 resistance level. It has experienced a 3.2% loss over the week and has struggled to break through this resistance for nearly a month. However, with renewed institutional interest, including Grayscale’s purchase of 8,400 LTC, Litecoin could potentially surge towards its all-time high of $412 by the end of 2024.

Rollblock’s Promising Presale and Future Potential

Rollblock, a DeFi casino platform, is bridging the gap between DeFi and traditional gambling with its no-KYC policy and large game roster. The presale is currently in Stage 6, having raised over $3 million so far. With a current price of $0.025, Rollblock offers substantial potential for growth, with analysts predicting a 100x return by 2025. The platform’s revenue-share program and token buyback strategy further support its bullish outlook.