Barely a week into March and the crypto industry has already seen some major announcements including creation of a strategic crypto reserve and scheduled crypto summit at The White House.
Amid the ongoing announcements and scheduled events, there has also been a turnaround for popular memecoin Shiba Inu through Ethereum’s upcoming Pectra upgrade.
Amid this sentiment, investors are closely watching Rollblock’s record-breaking presale that has already recorded over $10.8 million in inflows.
Can Shiba Inu (SHIB) Reverse its Losses with Pectra?
Shiba Inu witnessed a 28% decline over the past month as many investors liquidated their meme coin holdings.
Despite the loss of investor confidence, Shiba Inu’s marketing lead Lucie believes that Ethereum’s upcoming Pectra upgrade will bring several improvements to the SHIB ecosystem.
Currently, Shiba Inu is selling for $0.00001254 following an intraday decrease of 13.8%. Shiba Inu is also trading below all of its Exponential Moving Averages on the daily chart, confirming the ongoing bearish sentiment.
Ethereum’s (ETH) Pectra Upgrade Could Trigger Next Rally
Ethereum’s price fell over 33% during February, finding a local bottom at $2,066 after bouncing off the $2,250 resistance level.
Despite the bearish outlook, Ethereum’s upcoming Pectra upgrade on March 5 could make the long-term selling pressure cool down.
In addition, Trump’s recent inclusion of Ethereum in the US strategic crypto reserve could trigger increased buying activity in the next few days. With these two market forces combined, Ethereum could stage a recovery toward the critical $2.250 resistance.
For now, Ethereum is selling for $2,066 after an intraday decrease of 15%. Ethereum is also trading below all of its Exponential Moving Averages on the ETH/USDT daily chart, confirming the strong downward pressure.
Rollblock (Rblk) A New Gamefi Project With Potential
Rollblock’s viral GameFi platform has witnessed exponential growth, attracting 10,000 new signups in February alone. The Web3 gaming powerhouse has already secured over $10.8 million.
Unlike traditional gaming platforms, Rollblock uses the latest blockchain technology to host 7,000+ AI-powered games. Recently, Rollblock added an innovative sports prediction league to its ecosystem that has proven immensely popular amongst users.
All wagers, bids, and payouts are secured on the Ethereum blockchain, giving players unprecedented transparency. Gamers can also view transparent betting analytics and withdraw their funds at lightning-fast speeds, all thanks to Rollblock’s decentralized nature.
What makes Rollblock an attractive investment is the deflationary revenue-sharing model which creates controlled scarcity in the ecosystem. The platform allocates up to 30% of its weekly revenue to purchase RBLK tokens on the open market, with 60% of these burned to reduce the circulating supply and 40% distributed to current holders as staking rewards with up to 30% yield.
Conclusion
While crypto markets reeled under worldwide financial market crashes throughout February, the month of March has brought hope in times of despair for the crypto investors. The future trajectory of Q1 in 2025 will largely depend on the performance of major cryptocurrencies.
