With institutional money now flooding the industry, the demand for crypto assets such as meme coins is waning. This is evident with the Dogecoin price, down 40%, while the Shiba Inu price is down 50% since their 2024 highs in March. Is this the end of meme coins?
New crypto asset Rollblock isn’t suffering from the maturation of the market. In fact, this utility token is absolutely flourishing. Required for all transactions on what is expected to be one of the most used platforms in the crypto space, analyst predictions of it becoming the next 100x ROI are beginning to look more likely by the day.
Rollblock up 350% as investors as utility token demand rises
As interest in utility token interest surges, Rollblock stands out for its real-world application and, arguably more so, its passive income potential. Analysts are growing increasingly bullish on the token’s future prospects as the presale continues to grow in strength.
The rapid adoption of RBLK has been fueled by Rollblock’s commitment to delivering practical utility for the lucrative online gambling industry. The platform uses blockchain principles and DeFi innovation to offer both gameplay and a way for investors to earn a steady income.
Such income is earned simply by buying and holding the token, with the platform issuing a share of the total revenue. Of course, the more owned, the more earned, and this is also true for staking, where investors can earn an incredible 30% APY.
Another of Rollblock’s key selling points is its deflationary tokenomics. The platform dedicates a portion of its profits to buying back circulating tokens, with half of these tokens burned to reduce supply and increase scarcity and, with it, an expected boost in value.
The presale is now in stage 7, and the RBLK price is up a staggering 350% at $0.035. However, analysts are tipping this utility token to 100x in value as the gambling industry awaits disruption and savvy, passive income investors position themselves early.
Dogecoin down 30% since March highs
Dogecoin is down 30% since its highs in March, as investor sentiment shifts toward crypto assets with tangible utility. While Dogecoin initially gained popularity after high-profile endorsements from Elon Musk, the current market is demanding projects with more utility and long-term potential. Is it the end? Unlikely as a bull market, everything can go up, but DOGE isn’t a long term play.
The Shiba Inu price is faring much worse than DOGE
The Shiba Inu price has dropped a shocking 50% since its March highs, as investors show preference for the utility token industry. With the influx of institutional money, the demand for practical applications has increased, casting doubts on meme coins like Shiba Inu. Although the Shiba Inu price should run up in the bull market, it’s another crypto that shouldn’t be considered a long term HODL.
Conclusion
With demand for utility, it could mean a slow death for meme coins. Dogecoin, and the Shiba Inu price have plummeted since March, and we know it’s because utility token demand is rising. This is benefitting the likes of Rollblock, whose presale has rocketed since its launch. Can it 100x? Well, it’s already up 350%, and the presale is still only in stage 7.Â
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
