Dogecoin and Shiba Inu investors are pivoting towards Rollblock, eyeing its potential for a 5,000% surge.
While Dogecoin (DOGE) and Shiba Inu (SHIB) have historically led crypto bull runs, Rollblock (RBLK) is capturing attention with its real-world applications and significant price rise. Having raised over $10.8 million in its presale, RBLK has surged by 500% in a short time, prompting investors to secure their stakes ahead of further price increases.
Rollblock Achieves New All-Time High as Investor Interest Grows
Rollblock’s presale has demonstrated remarkable success, accumulating over $10.8 million, which has driven the RBLK token price up by 500% in record time. The momentum accelerated further following market reactions to strategic announcements regarding crypto reserves, fueling expectations for high returns within the altcoin market.
RBLK recently reached a new all-time high of $0.061, with analysts forecasting potential targets of $1 for this innovative GameFi platform by the end of its presale.
Beyond speculation, Rollblock is centered on real utility, offering access to over 7,000 web3-based games, all underpinned by blockchain technology for transparency and security. Players can engage in classic games like poker and blackjack, enjoy live dealer interactions, or participate in dynamic sports prediction leagues. Every wager is securely recorded on the Ethereum blockchain, ensuring fairness and eliminating fraud risks.
Enhancing its commitment to security, Rollblock possesses a full e-gaming license from the Anjouan E-gaming Authority, and its smart contract has undergone a thorough audit, ensuring compliance and security for users.
Central to Rollblock’s ecosystem is RBLK, a utility token with deflationary mechanisms that consistently reduce circulation, creating scarcity. The platform’s revenue-sharing model allows long-term investors to benefit, utilizing up to 30% of weekly earnings to repurchase RBLK, with a substantial portion of these tokens being burned and the rest allocated to staking rewards, which can reach up to 30% APY.
During March, a lucrative referral program offers both existing users and newcomers a 30% RBLK bonus for successful invitations, along with an additional 20% purchase bonus.
Decreased Activity Signals Trouble for Dogecoin Investors
Dogecoin is experiencing a decline in momentum, with active addresses on the network remaining stagnant since November 2024. The token’s price has been caught in a prolonged consolidation phase, resulting in a 37.23% loss over the past month.
Technically, Dogecoin’s recent trading activity indicates it is moving within a descending channel pattern. Furthermore, the token’s RSI has dipped below the neutral zone at 50, reflecting prevailing bearish sentiment.
Currently priced at $0.1592, following a 6.05% decline, Dogecoin may face significant resistance around the $0.22 mark if buying activity doesn’t increase soon.
Shiba Inu Faces More Setbacks Amid Dominant Bear Market
Shiba Inu has entered a downward trend post the recent surge, recording a 9.11% weekly loss. Despite efforts to boost its burn rate by 93.64% to reignite interest, the initiative has yet to yield positive investor response.
The 21-day moving average has proved a formidable barrier for Shiba Inu, indicating that bears are firmly in control. With pressure mounting, there’s a risk of a breakdown below the support level at $0.0000116, which could trigger significant sell-offs.
Shiba Inu is currently trading at $0.00001184, reflecting a slight intraday increase of 0.18. However, short-term technical indications suggest further potential losses.
Final Verdict
As Dogecoin and Shiba Inu face challenges amidst bearish trends, Rollblock’s expanding gaming ecosystem and innovative revenue-sharing model are reshaping the landscape of the crypto market. With a robust community, strong foundational principles, and deflationary rewards, RBLK is positioned not just as another altcoin, but as a transformative force in blockchain gaming.
For more insights, stay tuned to ECNETNews for the latest updates on Rollblock.
