Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have been some of the top altcoins in this growing bull cycle. However, a new crypto casino is challenging these gains by blending the fun and excitement of meme coins with the utility of crypto gambling. This game-changing approach has Rollblock (RBLK) on course for over 100x growth at the end of its crypto presale.
Shiba Inu Faces Familiar Challenge of Rapid Rally Reversals
The Shiba Inu price enjoyed strong growth this month. Shiba Inu is up almost 60% this month, which brings its annual return to over 150%.
However, the Shiba Inu price faces the familiar challenge of rapidly shedding value once the initial rally fades. While this is a common problem with all meme coins, it tends to affect Shiba Inu the most.
Shiba Inu had given up more than 60% of its 2024 bull cycle gains before this newest bull cycle brought a fresh rally to meme coins.
Dogecoin Rally to Continue With Musk Role in Trump Presidency
The rally in the Dogecoin price has shocked even the most optimistic meme coin investors as this top altcoin got caught up in Donald Trump’s election victory. Dogecoin has now grown almost 150% since Trump’s win.
While the Dogecoin price does face the same challenge of rally reversals, this current rally likely still has some room to run. Elon Musk’s association with the Trump presidency continues to hold, which should keep the excitement around Dogecoin at a high volume.
However, it is only a matter of time before this excitement fades and the common meme coin reversal begins to affect Dogecoin as well.
