Memecoin investors have grown used to seeing deep red in their portfolios. Coins such as Dogecoin and Shiba Inu have faced challenging trading conditions, and many investors are rotating into the newly launched Casino token Rollblock (RBLK) which is being tipped for staggering 100x games in 2024. Is now the time to leave the dogs behind?
Dogecoin (DOGE) Community Optimistic Despite Chop
Dogecoin (DOGE) has had a volatile week as its price briefly rose above the key $0.10 level before being rejected and bouncing from $0.093. Trading volume on Dogecoin has been strong and is up 24% in the last 24 hours to hit $518 million.
Despite being down over 2.5% this week, community sentiment is still 59% bullish on Dogecoin, as Dogecoin investors look ahead to a coming breakout as soon as the overhead resistance can be flipped to support. Dogecoin is up an impressive 52% over the last 12 months, despite the huge number of meme coins invading its market share, suggesting there is life in the old dog yet.
Shiba Inu (SHIB) Declines To $0.0000132
Earlier this year, Shiba Inu (SHIB) came close to replacing Dogecoin as the world’s leading meme coin by market cap. However, Shiba Inu’s market cap has since decreased to $7.7 billion. Despite this poor performance, Shiba Inu’s ecosystem development and loyal user base could trigger several increases in Q3.
Shiba Inu is down 4% this week to find support at $0.0000132 and Shiba Inu’s trading volume has been falling recently. This suggests investors are stepping back from the meme coin markets at this time, although Shiba Inu will no doubt return to bullish form during the next bout of crypto meme mania.
Rollblock (RBLK) Price Adjusting Upwards Yet Again
The hottest presale of the year continues to surpass investor expectations by hitting new high after new high. Rollblock (RBLK) recently surpassed over $3 million in presale pledges, as stage 6 is selling out rapidly, and over 30% of the rounds allocation has already sold out.
Rollblock has enormous potential to disrupt the traditional casino market, valued at an enormous $450 billion. Rollblock leverages the massive power of blockchain technology to remove any doubts about bet manipulation, as all transactions can be verified on-chain.
Its crypto-native ethos also means that signing up is completely anonymous, and there is no requirement to submit KYC documents. Gamers can simply connect their crypto wallets to make a start and explore the full range of completely immersive casino table games. A forthcoming sports betting feature will open up another revenue stream, as users will be able to bet on major international sporting events including golf, MMA, and Formula 1 racing.
The RBLK token offers immense value to the ecosystem and can be staked for up to 30% returns. The casino will itself use its revenue to buy back potentially millions of RBLK tokens each week, burning half to keep RBLK on a deflationary trend.
Experts are tipping RBLK for eye-watering 100x moves, and for a limited time, purchases will be topped up by a tiered bonus bonanza. Investors can buy RBLK for just $0.025 per token, making Rollblock an affordable and high return opportunity!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
Source link
