Utility Over Memes The Order Of Play This Crypto Summer; PEPE and SHIB Will Struggle To Keep Pace With This New Altcoin Star
Release: 2024/07/29 05:09 Reading: 456
Utility Over Memes: The New Crypto Focus
In the wake of the recent market downturn, crypto investors are shifting their strategies toward long-term gains. This has led to a decline in the popularity of meme coins like Pepe (PEPE) and Shiba Inu (SHIB) and a surge in interest in high-potential altcoins like Rollblock (RBLK).
Meme Coins Falter
Despite a recent purchase by Venture Capital firm Nascent, Pepe (PEPE) has seen a 6% drop in value to $0.000011 in the past 24 hours. This decline may indicate a limited growth trajectory for the token.
Similarly, Shiba Inu (SHIB) has experienced a 5% drop in the past week. This decline could be attributed to a decrease in investor confidence despite recent efforts by the project team to increase value through token burning.
Rollblock's Presale Success
In contrast to the challenges faced by meme coins, Rollblock (RBLK) has performed exceptionally well during its ongoing presale. The platform has raised over $1.5 million and seen its token value increase from $0.01 to $0.0172.
Rollblock's success is driven by its utility in the global gambling industry. The platform aims to revolutionize the sector by providing transparency and security through blockchain technology. This feature has attracted over 3,000 active players and a growing number of investors.
Revenue Sharing and Scarcity
Rollblock implements a revenue-share model, where a portion of the casino's profits is distributed to token holders. Additionally, weekly profits are used for token burning, increasing the scarcity and value of RBLK.
With these features and its potential applications in the gambling industry, experts predict that Rollblock could experience a significant surge in value, potentially reaching 100x its current price by the end of the year.
Disclaimer: This article does not constitute investment advice. Readers are encouraged to conduct their own research and make informed decisions based on their own findings.
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