During market crashes, memes are usually the hardest hit given that they’re largely entirely speculative and harbor little to no fundamental utility. Even “blue chip” memes aren’t immune to substantial dips, as Dogecoin and Shiba Inu both suffer notable short term declines this week.
Smart money is currently redistributing their capital away from memes to utility gems, and there’s still time to invest in low market cap plays like Rollblock for immense returns in the 20-50x range by Q1-Q2 2025. Here’s why analysts are bullish about RBLK.
Bitcoin’s Bearish Cascade Causes Dogecoin To Crash
Dogecoin, the #1 meme coin, has struggled to regain momentum following Bitcoin’s sharp drop following profit-taking and FUD. Meme tokens like Dogecoin have taken a significant hit, despite Dogecoin’s dominance following Donald Trump’s election win.
While Bitcoin has since recovered to $97,376, Dogecoin remains in the red on the weekly chart, showing a 10% drop in the last 24 hours at $0.393 and marking a sharp decline from Dogecoin’s three-year high of $0.48 reached just days ago.
Despite Dogecoin’s thriving community and strong cultural presence, its performance mirrors the broader meme coin market, which has struggled to recover alongside Bitcoin in the short term. Analysts are watching Dogecoin closely, though it remains likely that Dogecoin will recover in alt season in Q1 2025.
Shiba Inu Proves Susceptible To Bearish Market Conditions
Despite climbing to $0.000033 recently and reigniting investor enthusiasm in early Q4, Shiba Inu has fallen over 10% in the past week amid broader market turbulence. The decline followed Bitcoin’s which triggered over $800 million in liquidations across the market as speculative memes like Shiba Inu struggled across the board.
Despite the bearish sentiment, optimism for Shiba Inu’s recovery remains plentiful. Shiba Inu’s burn rate has soared by 1,068% in the past 24 hours, eliminating over 51.7 million SHIB tokens. Meanwhile, Shibarium’s total value locked has grown by 850% since September, further underscoring SHIB’s utility contributions. While the current price downturn has raised skepticism over meme assets in general, nearly 64% of Shiba Inu holders are still in profit, and Shiba Inu is primed to grow as crypto’s second biggest meme coin.
The Next GameFi Opportunity: Here’s Why Analysts Are Bullish About Rollblock
Rollblock is setting a new standard in GameFi with its innovative play-to-earn platform, offering strong fundamentals, compelling rewards, and tremendous growth potential.
Boasting a collection of over 7,000 games, Rollblock appeals to a broad spectrum of players by featuring popular classics and exclusive blockchain-exclusive games. The upcoming integration of sports betting will further elevate the RBLK platform, cementing Rollblock’s status as an all-encompassing entertainment industry leader.
By implementing advanced encryption and AI-based security measures, Rollblock guarantees secure and transparent transactions, providing users with peace of mind. This unwavering focus on security has already drawn over 20,000 users in anticipation of the platform’s full-scale launch later in the bull run.
Rollblock’s unique revenue-sharing approach provides significant value for investors. Thirty percent of weekly profits are allocated to token buybacks, with half burned to reduce supply and half distributed as staking rewards. Additional play-to-earn and hold-to-earn initiatives enhance user engagement while rewarding long-term participants with RBLK tokens.
Now priced at $0.0415 in its ninth presale phase, RBLK offers a prime opportunity for investors seeking to join an innovative iGaming revolution. With predictions of 10x returns by Q1 2025, this is your chance to get involved early!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
