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Investors are buying utility tokens like Rollblock as meme coins like PEPE and WIF cool down
The meme coin market has taken another hit after a brief price jump. Many investors expected coins like PEPE and Dogwifhat (WIF) to remain bullish throughout July. However, this short-lived rally was only fueled by the hype spot Solana ETF.
The price decline reflects the broader bear market, as major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) continue to struggle. However, a new altcoin, Rollblock (RBLK), has piqued investors’ interest as it remains bullish despite the market turbulence. Analysts predict that Rollblock (RBLK) could see 50x gains in the coming weeks.
PEPE Sees Massive Stock Selloff as Token Drops
One of PEPE’s early buyers, dimethyltryptamine.eth, sold 10 billion PEPEs after 10 months of inactivity. While this whale still holds 1.99 trillion PEPEs, the recent sell-off suggests that PEPE may not see serious growth any time soon.
PEPE price has dropped 15% in the last 24 hours and is now trading at $0.000008039. Investors worried about their PEPE tokens are replacing them with newer altcoins that show strong growth potential. Despite this bearish investor sentiment, some analysts predict that PEPE could see another price jump before the end of 2024.
Dogwifhat (WIF) has lost more than 11% of its value due to selling
A Dogwifhat (WIF) whale has sold 900,000 Dogwifhat tokens following the Solana price drop. Experts suggest that the bearish sentiment in the cryptocurrency market is the potential reason for this massive sell-off. They also predict that the current Dogwifhat price of $1.59 could drop further if the token fails to hold the $1.60 support level. As investors are showing less interest in Dogwifhat and are moving to other altcoins such as Rollblock (RBLK), Dogwifhat price could drop to the $0.90 level.
Rollblock (RBLK) Price Set to Increase as New Investors Join Pre-Sale
Rollblock (RBLK) is an innovative GambleFi protocol based on the Ethereum blockchain that aims to transform the online gaming experience. This community-backed play-to-earn token has stood out despite the cryptocurrency market crisis.
Rollblock ($RBLK) has continued to add thousands of new investors to its presale, as many holding tokens such as Dogwifhat (WIF) and PEPE sell their holdings. The platform aims to bridge the gap between centralized and decentralized gaming by offering a blockchain-based casino with over 150 popular games for users to play and earn rewards. Using blockchain technology, Rollblock ensures transparency and security of all bets placed in the casino. This unique positioning within the $540 billion global gambling market has attracted the attention of thousands of investors.
One of the main advantages of Rollblock is its user-friendly signup process. Unlike many online casinos that require KYC verification, Rollblock allows users to sign up by linking their crypto wallets or using their email addresses. This ease of access has led to a wave of new players and an increase in investors purchasing the native $RBLK token.
The $RBLK token is central to the Rollblock ecosystem, serving as the currency for all transactions on the platform. Players earn $RBLK tokens as rewards for their activities and can stake these tokens for additional returns. To increase the value of the token as the platform expands, Rollblock has implemented a revenue sharing feature. Up to 30% of the casino’s weekly profits are used to buy and burn $RBLK tokens from the open market, increasing their scarcity and value. The remaining profits are distributed as rewards to token holders.
Currently in Phase 3 of the presale, the $RBLK token is trading at $0.015. This low price is expected to rise in a few days, making this the best time for investors to accumulate $RBLK tokens and diversify their portfolios in a volatile market.
Early investors in $RBLK could gain significantly from its expected growth during the bull market. Rollblock tokenomics shows a fixed supply of 1 billion $RBLK tokens with 60% dedicated to presales. With the current momentum and limited supply, analysts predict that Rollblock’s value could increase by more than 800% before the end of the pre-sale.
With its fast transactions, high payouts and innovative revenue sharing model, experts have pointed to Rollblock as a platform with strong growth potential. As the casino platform continues to grow, Rollblock could see a 100 times rally in the third quarter, becoming a major DeFi token in 2024.
Discover the exciting Rollblock (RBLK) pre-sale opportunities now!
Website: https://presale.Rollblock.io/
Social: https://linktr.ee/Rollblockcasino
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