Meme coins are known for their social media influence. Despite their lack of utility, meme coin prices can soar based on social media hype and events. That’s the story of Shiba Inu (SHIB), which has moved upward by about 18% in the past month. The SHIB price change was influenced by a tweet from Elon Musk, which made references to the token.
SHIB’s price quickly responded after the project’s lead reacted to Elon’s tweet, causing renewed speculation of a potential SHIB ATH all-time high. However, SHIB investors are also turning to Rollblock, a new crypto that has raised over $7 million during its presale, as an alternative to soar as the market anticipates a Christmas rally. Why Rollblock? Let’s find out.
Elon Musk influences Shiba Inu
Tech billionaire Elon Musk has a history with meme coins. The Space X, Twitter (X), and Tesla CEO was the major influence behind Dogecoin (DOGE) and SHIB in the meme coin ecosystem. Over the weekend, Musk created a new optimism in SHIB after a couple of tweets that could be referenced to the meme coin.
On December 7, Musk shared an image of a dog looking over an entire city. Investors quickly linked it to Shiba Inu due to the big mascot in the image.
— Elon Musk (@elonmusk) December 7, 2024
SHIB price reacts positively and rediscovers momentum
Crypto traders and investors quickly reacted to Elon’s posts. DOGE saw decent gains, and Babydoge surged by around 195%. But the Shiba Inu community got more excited after the coin’s pseudonymous developer, Shytoshi Kusama, reacted to Musk’s latest SHIB-like post with a comment, “#SHIB.”
Shiba Inu community members and investors took that as a cue to buy more tokens, causing a surge in demand. The SHIB price, which was around $0.000023 on December 6, moved to approximately $0.000033 on December 7 – the same day Musk’s tweet went viral. Analysts predict that the token’s price will go higher to reach a new SHIB ATH soon.
Rollblock’s utility makes it a better SHIB alternative
While SHIB relies on social media hype to shine, Rollblock has been thriving during its presale. Not only as the new casino token raised over $7 million in a few months, but the Rollblock price has also surged by over 200% since the presale began. The major driver for this is the coin’s bullish momentum based on its utility.
Powering the Rollblock casino ecosystem, the token serves various purposes, including incentivizing investors who qualify for the platform’s revenue-sharing model. These investors get a share of the casino’s weekly profits paid in Rollblock tokens.
Moreover, the token is used to reward VIP players for their loyalty and commitment to the gaming platform. It also powers the Rollblock staking feature that allows token holders to stake their assets for up to 30% APY.
These use cases position Rollblock as a better alternative to meme coins like SHIB, which may struggle to maintain momentum if their social media virality loses steam.
Conclusion
Rollblock is poised for massive moves as the December bull run continues. The project’s ongoing presale presents interested investors with a time-bound opportunity to buy Rollblock at a discounted rate of $0.041 in stage 9. There’s a guaranteed 15% increase in stage 10 when the RBLK price moves up to $0.047.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
