Marathon Digital Holdings (MARA) has bought 12,000 Bitcoin. This strategic move begs questions about how a second Bitcoin rally may impact altcoins like Rollblock and Litecoin. Litecoin is viewed as “Bitcoin’s silver,” but might see renewed interest during bullish patterns. Meanwhile, Rollblock’s GambleFi platform makes it unique amongst DeFi platforms and may deliver huge returns no matter how Bitcoin performs.
MARA Acquires 12k Bitcoin
On 6 December, Bitcoin smashed the $100,000 threshold. Long-term investors enjoyed a 15% boost in Bitcoin’s value this month. Software company MicroStrategy, which started investing in Bitcoin in 2020, has poured over twenty-three billion dollars into Bitcoin acquisitions. This particular strategy has paid off: the firm has Bitcoin holdings worth roughly 40 billion dollars. This translates to more than $17 billion in unrealized profit. Data from MSTR Tracker suggests this surge marks the start of a “euphoria” phase for Bitcoin. Quinten François, co-founder of WeRate, predicts this rally could extend into 2025.
Meanwhile, MARA has made a notable move by purchasing 11,774 BTC. Despite this, it lags behind MicroStrategy, the industry leader. MicroStrategy has reinforced its dominance with a portfolio of 423,650 BTC. The firm acquired 21,550 BTC to its collection with a $2.1 billion investment. These substantial investments by both firms show their trust in Bitcoin’s long-term value.
Litecoin’s Value Soars By 74.6%
Litecoin’s LTC gains as optimism about a possible LTC ETF enters the market. The crypto is doing well on longer timeframes — Litecoin’s value has soared by 45% in the last thirty days. Litecoin’s price value is also up 36.1% on the 14-day chart.
Analysts remain positive about Litecoin’s future. On Sunday, the anonymous trader, CryptoBullet, noted that Litecoin was attempting a breakout. He predicted a potential price range of $233 to $280 if the breakout succeeds. Additionally, prominent trader, Peter Brandt, speculated that Litecoin could follow XRP’s trajectory and reach $420.
The relative strength index (RSI) of Litecoin is currently above 70 indicating high buyer interest. Hull Moving Average (9) and Average Directional Index (14) also suggest an uptrend. These indicators support the outlook for continued price growth.
Rollblock’s Growth Potential: A 310% Gain and Counting
Rollblock (RBLK) focuses on restoring trust and transparency to the $450 billion online gambling industry. The platform achieves this by leveraging the Ethereum blockchain, ensuring all Rollblock transactions are securely recorded on-chain.
The platform offers over 7,000 casino games, including poker, slot machines, and newly launched titles. Rollblock operates on the secure and transparent Ethereum blockchain and holds a Curacao eGaming license. The platform provides a true Las Vegas experience for players. The game catalog includes popular titles like Sugar Rush, Gates of Olympus, and Fruit Party 2 from Pragmatic Play. For those seeking live casino action, Rollblock offers baccarat, blackjack, roulette, and Monopoly Live shows. Competitive PVP leaderboards add to the vibrant community.
Up to 30% of casino revenue is used for token buybacks, reducing supply and increasing scarcity-driven value. 40% of the bought-back tokens are redistributed to stakers, while 60% are burned to lower the total token supply. This balanced approach rewards RBLK token holders, deflates the supply, and reinvests in the ecosystem, ensuring stability and growth.
Currently priced at $0.0415 in stage 9 of its presale, RBLK is expected to rise in value as more investors recognize its disruptive potential. This blend of blockchain innovation and a vast market opportunity makes RBLK a compelling investment. Interested investors should consider buying before exchange listings drive prices higher.
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