Cryptocurrency

Dogecoin (DOGE) Price Plunges 11% In A Week, PEPE Drops 15%, Utility Season Is Taking Over From Memes As RBLK Rallies

Written By : IndustryTrends

The shift from meme coins to utility tokens is becoming evident. Dogecoin (DOGE) has fallen by 11% and PEPE by 15% over the past week, showing the volatility in top meme coins. Investors are doubting their portfolios and are shifting from the ever-so-volatile top meme coins to the projects that provide some actual utility.

Investors are turning to more stable options like Rollblock (RBLK), a iGaming provider built on the Ethereum blockchain. Rollblock focuses on the online gaming sector and offers a unique revenue-sharing model from which investors profit not only from the token's gains but also from any profit that the gaming platform makes. With the rise of utility tokens, Rollblock could become a leader in this sector.

Dogecoin (DOGE) faces market challenges

The Dogecoin (DOGE) price declined by a lot and it has investors on the edge of their chairs. The value of the coin dropped 11% in just the past week. This reflects a broader trend among top meme coins such as Shiba Inu (SHIB) and PEPE (PEPE). The entire market for the top meme coins saw some serious price corrections, which raised concerns about the stability and longevity of these tokens.

Currently, Dogecoin is trading at approximately $0.09. This is a critical support level for his project. Despite the fact that there were some positive indicators from the Relative Strength Index (RSI) and Chaikin Money Flow (CMF), the overall market sentiment remains that investors are cautious and looking at what else there is on offer.

PEPE (PEPE) falls hard and fast

The PEPE Coin (PEPE) price has taken a sharp nosedive, losing 15% of its value in the past week. This came as quite a surprise because the project just went through a period of massive gains. Investors who miscalculated and jumped in at the start of this month have seen their investments almost evaporate; they lost 32.62%. 

Despite this rather significant dip, PEPE's trading volume is still high, keeping it on investors' radars. The close link between PEPE and other top meme coins like DOGE means that when one tumbles, the others often follow suit.

Rollblock (RBLK) emerges as a stable alternative

Rollblock (RBLK) is the world's first iGaming backed Play-to-Earn token that seeks to close the gap between centralized and decentralized gaming. Offering users access to traditional table games, Rollblock’s transparency and trustworthiness are core values. Ensuring all transactions are secured using blockchain technology, whilst all transactions are traceable on the blockchain this makes it impossible to alter bets when placed and provides an additional layer of security. This level of transparency has seen Rollblock gain huge attention from investors across the marketplace who are looking for a safe and secure investment with huge upward potential.

Unlike other iGaming platforms Rollblock does not require users to complete a KYC when accessing their platform. To get started users simply connect their wallet or sign up with an email, these simple barriers of entry have seen a substantial increase in users which has in-turn led to an increase in investors purchasing their native $RBLK token.

The native token, $RBLK, plays a significant role in the ecosystem, $RBLK serves as a reward for players' activity whilst allowing holders to stake in the future for additional rewards. Alongside this Rollblock has implemented a revenue share feature which sees up to 30% of the businesses weekly profit being used to; share profit amongst holders, purchase $RBLK back from the open market and burning it to further increase the $RBLK token value.

Currently in stage 3 of the presale, $RBLK is trading at just $0.0158. With over 130 million tokens being sold in just 6 weeks the project's wide interest is continuing to gain huge traction. With the price point being the lowest it will ever be, now is the best time to purchase $RBLK. As stated in the tokenomics, there is a fixed supply of 1 billion $RBLK with only 60% allocated to the presale. Due to this some analysts have projected that $RBLK could see over 800% rise in value before the end of the presale, making now the best time to buy the new upcoming altcoin.

As the native token of the platform built to accommodate the future of the online gaming and casino industry, $RBLK has been tipped to become the top DeFi token of 2024. In addition, the extensive utility, revenue share and opportunities for token holders give $RBLK greater room for growth. Analysts predict that $RBLK has all the necessary features to become a 100x token over the coming weeks, making now the best time to start to stack the Rollblock token!

Choose utility tokens, choose Rollblock

As top meme coins like Dogecoin and PEPE encounter significant challenges, Rollblock (RBLK) stands out as a promising counteroption. Rollblock's innovative revenue-sharing model, ease of access, and strong presale performance position it as a formidable contender for the current leaders. The shift from meme coins to utility tokens makes Rollblock a more stable and attractive investment.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. 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. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.

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