Shiba Inu is currently experiencing a positive trajectory. The meme coin is currently trading at $0.00001853, reflecting a 131.64% gain over the past year. Recent on-chain data suggests that Shiba Inu could be on the verge of a significant rally. Whale activity has also been surging, which confirms investor interest is increasing too. Shiba Inu’s renewed appeal can also be attributed to its new partnerships and initiatives. These are likely playing a part in the coin’s daily, weekly, and monthly gains.
Dogecoin’s Momentum ContinuesDogecoin is currently trading at $0.1701, showing a significant increase of 43.83% since last month. Dogecoin has recent endorsements, including Elon Musk’s confirmation of Dogecoin payments for Tesla, to thank for this. Dogecoin has also gained significantly in the past week, with a rise of 21.92%, and the launch of Project Sakura, which aims to increase sustainable development, is increasing Dogecoin’s appeal and utility.
Meet the Competition: RollblockAs Shiba Inu and Dogecoin continue to make waves and gain momentum, Rollblock–a new altcoin–is gaining traction with impressive early performance. The presale of Rollblock has already seen its prices surge by over 220%. The token is currently valued at $0.0323 as the 7th presale stage is now over 70% sold out.
Rollblock is positioned as an innovative altcoin project. This GambleFi ecosystem offers unique features that appeal to a broader audience and also aims to attract fans of iGaming into the crypto space for the first time. Rollblock combines decentralized finance with an online casino offering thousands of games from top industry providers and software developers. All transactions and wagers (including the upcoming sportsbook wagers) can be carried out in the native Rollblock token $RBLK. Though Rollblock is still in its presale, the online casino is already up and running generating thousands of dollars each day in revenue.
Which brings us onto a unique feature attracting huge attention from investors interested in the project – the revenue-sharing model Rollblock has established. Each week, the platform takes up to 30% of its revenue to buy back RBLK tokens. Of these, 60% are burned immediately and the remaining 40% are used to increase user ROI through staking rewards and dividends. By burning tokens, Rollblock creates a highly deflationary environment, which increases token scarcity and value. It’s this dual return mechanism that investors are attracted to, including those otherwise new to iGaming, as this provides a significant return on investment.
Rollblock is set to be a keen competitor for both Shiba Inu and Dogecoin. Even as these established tokens rally, Rollblock has the potential to attract their investors toward a business model built on more than just hype, a business model that is generating large profits in the $450b a year gambling industry.
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