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Wednesday’s CPI report was good news for risky assets like Bitcoin and Ethereum, spurring investors to start hunting for the best crypto to hold long term. The data showed inflation eased to 2.5% in August, increasing the likelihood of a 25-50 basis point Fed rate cut.
Market leaders like BTC, ETH, and BNB are good buys ahead of the Fed’s decision next week, but presale gems like Rollblock (RBLK) could deliver greater gains.
Analysts believe RBLK is the best crypto to hold long term for gigantic yields north of 100x as market sentiment shifts toward optimism in anticipation of at least a 25 basis points Fed rate cut.
Bitcoin up over 2.5% as inflation continues to cool
The latest U.S. inflation data revealed inflation continued to cool down in August. Bitcoin trading volume had surged over 18% by Sept. 12, pushing BTC’s price up more than 2.5%.
As of press time, Bitcoin was consolidating around the $58k zone on Sept. 12. If BTC’s price holds above $57k, it could blow through the $58,500 resistance zone and push up to test resistance zones above $60k.
The likelihood of a dovish policy shift next week with a 25 basis points Fed rate cut makes Bitcoin one of the best crypto to hold long term.
Ethereum could finally cut the corner on the Fed rate cut
Ethereum has been dashing investor hopes in 2024. ETH failed to surpass $4k in March, not to mention the nothingburger Ethereum ETF debut in July.
Sadly, ETH has been crumbling down for three consecutive months. ETH shed 11% of its value in the past month alone and was sitting on a meager 49% yearly yield.
The pending Fed rate cut could breathe new life into the Ethereum price. Its trading volume was up by 11% on Sept. 12, pushing ETH past $2.3k.
Being the market leader in the altcoin sector, ETH will always be among the best crypto to hold long term.
Rollblock (RBLK): the best crypto to hold long term for passive income
Bitcoin and Ethereum enjoy pace-setter status in the crypto market without a doubt making them stable portfolio anchors. But investors looking for gigantic returns would probably want to diversify into low-cap presale gems like Rollblock (RBLK).
This Ethereum gambling protocol offers a generous weekly profit-sharing model and massive growth upside in the lucrative gambling industry. Token holders are entitled to a weekly payout redistributed from a share of the platform’s profits, with a 30% APY paid to liquidity providers in its casino network.
More gains flow to investor holdings through Rollblock’s token buyback and burn program. Decreasing the circulating supply boosts the token value and pushes the price upwards, generating additional yields for holders.
That’s without considering the RBLK market potential. Capturing a share of the $540 billion gambling empire will make Rollblock a multibillion-dollar iGaming kingpin. That will place RBLK’s market cap in the billions, triggering a stratospheric price surge!
That makes RBLK the best crypto to hold long term for passive income and growth. Excited investors have already poured more than $3.4 million into the ICO as analysts predict 100x returns on the launch!
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
*This article was paid for. Cryptonomist did not write the article or test the platform.