The post Meme Season Over? Memecoins PEPE and SHIB Struggle To Catch Bid, As Rollblock Price Makes Another High appeared first on Coinpedia Fintech News
It’s been meme coin season during the recent crypto bull run. Top meme coins in the Solana ecosystem led their Ethereum counterparts to emerge as the leading asset class in crypto, commanding a 22% market share.
However, the recent market correction seems to have put a halt to the meme coin frenzy. SHIB and PEPE are among the biggest losers, posting double-digit losses in the past month.
As the PEPE price and SHIB struggle, the smart money seems to be moving away from hype-driven memes in favour of more profitable tokens with utility, like Rollblock ($RBLK). In its third stage, Rollblock’s presale has already gained over 50% as crypto whales take out big positions for a potential 100x return. Here’s why.
PEPE Price Holding Well On a Weekly Support
PEPE is one of the top meme coins in the crypto space. While the PEPE price has shown impressive action this year, it’s nothing compared to the astronomical gains it delivered in Q2 2023.
PEPE coin rallied from a low of $0.00000086 in February to set a new ATH at $0.00001725 in May, a nearly 1900% price increase. That’s modest when tossed against its record price performance in 2023, which propelled it to the position of the third-largest meme coin.
Currently, the PEPE price seems to hold well at its weekly support in the $0.000009 region. However, short-term price projections paint a bleak picture with limited upside. That has seen a considerable number of PEPE whales ditch it to bet on Rollblock for parabolic gains.
SHIB Struggles Amid Bearish Pressure
SHIB sparked meme coin mania in 2021 when it pulled a nearly 43 million per cent price increase to rank among the top meme coins by market cap. During the recent meme coin season, SHIB posted a humble price surge of about 700%, a far cry from its 2021 earth-shuttering price performance, rallying from a low of $0.00000543 in June 2023 to a high of $0.00004567 in March 2024.
Over the past 3 months, SHIB has been stuck in a bearish drawdown. Per CoinMarketCap, SHIB is about 40% down in the last 90 days. What’s more, crypto analysts and technicals point to a bearish sentiment, predicting a significant price decline for SHIB in the months ahead.
RollBlock’s ($RBLK) Presale Up More Than 50% in Stage 3
There are compelling reasons why players and investors are flocking into the Rollblock GambleFi protocol in their numbers. First, Rollblock has leveraged blockchain technology to build a state-of-the-art casino with a wide selection of 150+ games.
All bets and transactions are visible on-chain, solving the trust and transparency issues rocking the gambling industry. That, by itself, is reason enough. Another pro: Rollblock has made it ridiculously easy to onboard new users. No KYC is required to access and use the Rollblock platform. Just sign up with your email and connect your wallet to get playing!
On the investment side, Rollblock is offering players and investors irresistible revenue-sharing incentives. A portion of the platform’s weekly revenues will be distributed to token holders. Players and investors are also tipped to enjoy up to 30% APY in passive income for staking their tokens to provide liquidity on the platform. Again, part of the weekly profits will go into buying $RBLK tokens and burning them to create scarcity.
These $RBLK deflationary tokenomics and income-bearing benefits encourage long-term holding, promoting an exponential growth trajectory and giving the $RBLK token price ample opportunity to skyrocket to the moon.
Available at $0.0154 in stage 3, the $RBLK price has already seen a more than 50% jump from its $0.01 stage 1 price. With analysts predicting a possible 880% price increase in presale, yesterday is a good time to join one of the hottest presale opportunities in crypto.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
