The meme coin market has been collapsing lately. The DOGE price leads the meltdown with a more than 34% monthly crash, with the SHIB price following closely at 26%.
While broader market conditions are largely behind this demise, it appears that investors are losing appetite for meme coins in favor of income-bearing utility tokens like Rollblock (RBLK). Here’s why.
Meme coin whales shift to Rollblock (RBLK)
As the meme coin market turns red, investors are rushing to the Rollbock presale to protect their capital thanks to its passive income benefits. This Ethereum-based GambleFi protocol redistributes a weekly payout to RBLK holders from a share of its revenues, with investors earning up to 30% APY in passive income!
Extra profits are delivered through the platform’s token buyback and burn schedule, which steadily lowers the 1 billion RBLK token supply over time, boosting its market value to push the price upwards.
As investors swim with passive yields, Rollblock’s mammoth potential in the $540 billion gambling industry comes in to turn their holdings into piles of cash. This iGaming titan is set to disrupt the market with a modern hybrid infrastructure model casino that supports crypto, AI, and copy-betting strategies.
That positions Rollblock to capitalize on emerging casino trends as its innovative iGaming solutions gain traction, cutting a hefty slice for itself in this massive empire. It’s not difficult to see why analysts predict a gigantic 880% presale return for RBLK, potentially followed by a stratospheric 50x upsurge on launch.
With major exchange listings on the horizon, stage 10 tokens are selling out fast at $0.06. Investors can also capitalize on a 50% limited-time bonus for all RBLK purchases this week.
SHIB price erases its recent gains
Recently, bears tossed SHIB down to weekly support in the $0.000014 region, erasing all its Q4 gains in a crippling bearish run that started in December.
The protracted selloff has seen SHIB collapse below its 50-day moving average, where it has been struggling to stage a recovery in vain. In the past month, SHIB cratered by over 26%, creating uncertainty as its yearly gains dwindled to a dull 59%.
This underwhelming price action comes despite increasing efforts by the SHIB community to reduce the meme coin’s huge supply. This month, over 98 million SHIB tokens have been torched.
DOGE price tumbles over 34% monthly
It feels just like yesterday when the DOGE price was knocking on $0.48, pulling a 6x multiplier from its Q4 low of $0.08. Sadly, the big-time yield sparked a massive selloff, causing late meme coin market entrants significant losses as whales entered a profit-taking spree.
DOGE has now collapsed to monthly support in the $0.23 zone where it has been consolidating losses for weeks. Despite the current hype surrounding the Grayscale proposed Dogecoin ETF venture, DOGE’s price has been unable to shrug off bearish pressure.
A 34% monthly crash has left DOGE investors sitting with a 188% yearly ROI as its market cap declines to $34 billion.
The Rollblock ICO eyes $11 million
Uncertainty in the meme coin market is forcing investors to shift focus to income-generating assets like RBLK. This far, crypto whales have pumped over $10.6 million into the Rollblock presale!
RBLK tokens are selling for $0.06 in stage 10, but you need to act swiftly and secure your bag before the price jumps to $0.065 in the next stage.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
