RollBlock gains recognition as Shiba Inu, Floki falter from lack of utility

As memecoin gains dwindle, investors flock to Rollblock (RBLK) for potential 100x returns this year.

Memecoins have been exceptionally strong in this crypto bull cycle so far, and holders have made incredible gains on coins such as Shiba Inu (SHIB) and Floki (FLOKI). As memecoin returns look limited from here at this point on, investors are flocking to Rollblock (RBLK), a new entrant in the play-to-earn niche. Find out why experts are tipping RBLK for major gains this year.

Shiba Inu building out ecosystem but price drops

Shiba Inu (SHIB) finds itself down 5% on the week to $0.0000172 as sentiment continues to tank for the second largest memecoin by market cap. Shiba Inu developer Lucie took to X recently to try and turn the tide by announcing bullish developments in the Shiba Inu ecosystem, including tokens like Leash, Bone, and various dApps, including Shiba Hub and ShibaSwap, which will all play a part in the upcoming layer 3 chain on Shib. 

Recently, Shiba Inu underwent a major token burn, removing 60,380,203 SHIB tokens from circulation, a 400% increase in burn rate. Shiba Inu bulls will hope this will inspire buyers to step in and send Shiba Inu back up to at least $0.000018 in the near term.

Floki may see pump following ETH ETF

Floki (FLOKI) has been listed on Bitstamp, one of Europe’s largest crypto exchanges. Recently the memecoin has seen heavy selling, after a surge in Floki realized profits were recorded on chain. With the price currently sitting at $0.000181, Floki is still under the crucial resistance of $0.00021 and may well remain there for some time. 

The chances of a breakthrough in the near term are slim, and Floki traders will be watching for ETH ETF inflows for its next move as the price consolidates around $0.00018.

Rollblock closes in on $2 million raised

Rollblock (RBLK) has seen huge inflows into its presale, with over $1.6 million already committed. Bringing web3 technology to the massive online gambling space, Rollblock is set to enrich this $450 billion industry. 

Rollblock places a huge emphasis on trust and can vouch that bets will not be tampered with as they are inscribed forever onto the Ethereum blockchain. Games are also provably fairer with better odds of winning than competitors. 

A huge range of AI powered casino games are available once customers sign in by connecting a crypto wallet. There is no need for invasive KYC checks as Rollblock is fully crypto native.

The RBLK token is currently priced at $0.0172 and selling out fast. Investors are drawn to its massive utility and unique tokenomics which will see the token become deflationary over time. A revenue share scheme is also set to buy back and burn potentially millions of dollars of RBLK each week.

Experts are tipping Rollblock to be one of the hottest launches of 2024.

To learn more about Rollblock (RBLK), visit the official website and check out its socials.