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Following notable price drops for well-known memecoins like FLOKI, Pepe, and Shiba Inu, investors are turning more and more to Rollblock, a relatively new cryptocurrency taking the market by storm. As the market looks for more promising and stable investments a change indicates a growing shift that the era of memecoins may be coming to an end. Let us find out why investors are shifting from top meme coins to Rollblock.
In the presale market this year, Rollblock (RBLK) is expected to become the next crypto moonshot and draw interest as one of the best cryptocurrencies to watch. Further boosting hype to its fully licensed and operational gambling platform, which is expected to see substantial growth in the next months, is its link to the online gaming market which is projected to reach $179 billion by 2028.
Rollblock sets itself apart as a GambleFi protocol in the cryptocurrency space. On its live gambling platform, Rollblock uses DeFi solutions to provide a simple sign-up process without KYC verification and by using blockchain technology also tackles a number of important problems with the security and lack of transparency that are inherent in the conventional online casinos.
One thing setting Rollblock apart from the competition is the platform's lucrative revenue-sharing scheme for RBLK token holders. Rollblock repurchases RBLK tokens from the open market with up to 30% of the platform’s weekly revenue. After that, half of these tokens are burned from the supply forever and the other half are given as staking rewards. Thus, there is not only limitless potential for growth with this crypto, but investors can also expect some of the best passive income opportunities in the space. Its profile within the GameFi community has greatly increased as a result, and over 3000 investors have registered for its ongoing presale.
The native RBLK token has increased 40% from its starting price of $0.010 to $0.014, after racing into the third of twelve presale stages, the price is set to increase even further in the coming days and market analysts predict that the value will increase by 1000% in July. Meanwhile, Rollblock has raised over $820,000 in rapid time so far and this figure is expected to hit $1 million this month.
Shiba Inu has been the subject of intense attention from the cryptocurrency market following a prolonged downward trend that started on June 5. In the past month, the Shiba Inu price has dropped by over 24% and is looking to drop even more. Moreover, the Shiba Inu price has seen a consistent decrease since the beginning of June, causing holders to begin to lose faith in the meme coin.
Even though the meme coin got rejected around the $0.000018 support zone, it is still uncertain if a bullish course is about to resume yet, as seen on the Shiba Inu price chart. Meanwhile, the Relative Strength Index (RSI) hovered around 34 suggesting an oversold state. Nonetheless, the trend is still negative, indicating that Shiba Inu is still under pressure to decline.
In the past month, the Pepe price has made an uptick of over 20%. Moreover, the 4-hour Pepe price chart shows that the memecoin has since started to print a series of higher highs and higher lows in a positive sequence. The memecoin may soon be able to turn the $0.00001269 resistance level into support if this bullish momentum keeps up. After that, traders might consider taking more long positions in Pepe.
The Pepe price may then have the support it needs to try a challenge at the next significant threshold, $0.00001522, if this breakout happens. The bullish thesis, however, might be refuted if the Pepe price is unable to close a daily candle above $0.00001269. In this case, the meme coin may correct back down to the $0.00000953 support in this alternate scenario.
With its early gains, investors have been impressed by FLOKI, the popular memecoin which reached an all-time high of $0.00032 on June 7. This spike, however, was short-lived as the FLOKI price crashed almost instantly and has since dropped by 51%. The FLOKI price has already declined by over 27% in the past week and is still making lower highs and lower lows.
Not too long ago, FLOKI was fairly bullish, but that has completely reversed as bearish signals now outweigh the bullish ones, evident on the FLOKI price chart. With a Relative Strength Index (RSI) of 34.11, sentiment remains bearish. Based on the Williamson%R (14) and Stochastic (20,3), FLOKI is currently in the overselling zone. MACD (12,26,9), on the other hand, is in neutral territory.
Top meme coins like Shiba Inu, Pepe, and FLOKI have seen sharp drops as investors fear that the memecoin season is drawing to an end. However, as a more secure and promising cryptocurrency investment, investors are looking more and more to Rollblock. Due to its creative strategy in the online gambling industry, Rollblock has attracted a lot of interest.
Utilizing blockchain technology, Rollblock provides a fully licensed and operational gambling platform that tackles important concerns including security, openness, and intrusive KYC requirements. With its special revenue-sharing model, which distributes staking rewards and allows tokens to be repurchased and burned, the platform offers a lot of chances for growth and passive income. Some analysts have predicted that the RBLK token could see over 50x gains from current prices this crypto bull run.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
