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Dogecoin and Shiba Inu struggle as Rollblock surges 140% in presale, reaching $2.9M valuation.
Memecoins have always enjoyed the speculative hype and frenzy around their unique narratives. But this year, it’s a different news story for top memecoins Dogecoin and Shiba Inu. The duo continued to reel in bear pressure that kept their value below 2022’s ATH.
Fortunately, the crypto market’s ocean of opportunities has had investors jumping ship to promising a new altcoin, Rollblock. Rollblock’s presale made it fourth ATH after running 140% up this month, and valuation just blew past $2.9M. Read on to learn more.
Dogecoin plummets below $0.1 as top memecoins crash again
Dogecoin has continued its slow performance this year. And now, its crypto whales’ exodus has raised concerns among investors. Recently, a Dogecoin whale transferring over 118M DOGE valued at $13.3M to Binance has fueled speculations about a sell-off and potential price decline for Dogecoin.
The timing could have been better! It coincides with the downturn of top meme coins, and Dogecoin has been a target for profit-taking investors since its price action has been short of encouraging this year. Unfortunately, Dogecoin slipped below $0.1 for the second time this month. Currently, DOGE is trading at $0.098, a 25% drop in a month.
SSHIB down 20% while Shibarium sees 97.6% drop in active accounts
The once-promising Shiba Inu was also caught in the top memecoins debacle. Despite a recent 1,088% spike in burn rate, the Shiba Inu price’s downturn has worsened to 20% to $0.000013 this month. In fact, its layer-two network, Shibarium, was also caught up in the drama.
According to on-chain data, Shibarium has experienced a catastrophic 97.6% decline in active accounts. Worse, this has impacted the burn rate since the automatic burn mechanism, which relies on user transactions, has become less effective. Now, Shiba Inu’s hope for a DAO-driven revival has been tempered.
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Investors jump ship for new altcoin, Rollblock GambleFi’s blue-chip potential
It’s been a red week for top memecoins, but Rollblock’s sturdy presale performance mitigated the losses for many savvy investors. This new altcoin’s value-driven propositions and insane potential to dominate DeFi and the gambling industry with its unique GambleFi solution have become iGaming’s cultural touchstone, garnering massive attention.
Its ongoing presale has continued to blaze through highs. Just a few weeks ago, RBLK’s price was just $0.01, but today, a massive 140% gain and $2.9M raked in as the price zoomed to $0.024. The palpable FOMO and massive hype pale compared to Rollblock’s ingenious pastime solution and value-driven propositions.
Essentially, Rollblock is a new-age decentralized unique iGaming and GambleFi protocol that aims to offer a DeFi-backed crypto gaming experience. Its foundation on the Ethereum blockchain also sets an unmatchable standard for iGaming security, transparency, immutability, and provably fair gaming.
In addition, token holders earn passive income from generated revenue weekly via the hold-to-earn and revenue-sharing model. All this took this new altcoin to an astonishing seven-figure valuation in weeks. The presale is in stage 6 with over 7% being sold out in just day one. The current price is just $0.024, and experts predict it’ll still go 800% in presale before settling at a billion-dollar valuation post-launch.
For more information, visit Rollblock’s presale website or join the online community.
Read more: Rollblock gains traction with Dogecoin, Polygon holders eyeing 500x returns
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