Memecoin meltdown: PEPE, SHIB see red, investors bet big on Rollblock
Release: 2024/08/22 15:29 Reading: 942
Rollblock Emerges as the Next Crypto Contender Amidst Memecoin Decline
As memecoins such as Pepe and Shiba Inu face significant downturns, Rollblock has emerged as a promising competitor, witnessing a substantial 110% surge during its presale phase.
Meme Market Decline
The memecoin market has experienced a downturn, with prominent coins like PepeCoin and Shiba Inu losing double-digit percentages over the past month.
Rollblock's Rise
Amidst the meme market's collapse, Rollblock has witnessed remarkable growth in the iGaming industry. The nearly 110% presale surge has positioned RBLK as a potential high-return cryptocurrency upon launch, with analysts projecting a potential 100x return.
PEPE's Decline
PEPE, reaching an all-time high of $0.00001725 in May, has subsequently been on a downward trend. Continual profit-taking by whales has resulted in persistent red streaks, with PEPE losing over 53% from its ATH and 33% in the past month.
Shiba Inu's Struggles
Shiba Inu (SHIB), after reaching a peak of $0.000045 in March, has experienced a protracted period of decline, dropping to a low of $0.00001 on August 5th. Despite a recent uptick to $0.0000138, SHIB remains 22% below its monthly high.
Rollblock's Potential
Rollblock, an Ethereum-based GambleFi protocol, offers revenue-sharing benefits and growth opportunities to players and investors. Portions of profits generated on its dApp are distributed as weekly dividends, while staking participants can earn up to 30%.
Rollblock's deflationary tokenomics, with a token burn schedule and limited supply, position it for potential appreciation in value. As the gambling market is projected to reach $744 billion, Rollblock's multi-billion dollar market cap potential remains promising, even with a modest market share.
Presale Success
Rollblock's presale has achieved significant traction, approaching the $2.5 million mark. Whales from PEPE and SHIB have taken substantial positions at $0.021, recognizing its growth prospects.
To learn more about Rollblock, visit its presale, official website, and social media channels.
Disclaimer: This content is provided by a third party and does not constitute investment advice. Conduct thorough research before making any investment decisions.
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