The post FOMO Alert: This New Viral Altcoin Gains Momentum As Whales Exit Meme Coins Like Dogecoin and Dogwifhat appeared first on Coinpedia Fintech News
Recent reports indicate that whales have been exiting meme coins like Dogecoin and Dogwifhat in droves. Meme coins are having a subpar performance and their upside has likely reached a peak after strong November gains. Both Dogecoin and Dogwifhat are down on a weekly and daily basis at the time of writing.
Meanwhile, the Rollblock (RBLK) presale continues to gather momentum, with $7.3 million raised so far. The pioneering GambleFi protocol aspires to disrupt a $450 billion industry with a decentralized solution to return profits to players and investors instead of centralized insiders. Â
Whales Fear Missing Out On Rollblock
One reason large investors are moving away from meme tokens to presales like Rollblock is the market use case. Rollblock has a clear market proposition tackling centralized gambling, which retains all of the profits. It offers over 7,000 gaming opportunities for players and recently added a lucrative sports betting feature. All of this is supported by Rollblock’s revenue share model.
Every week, Rollblock will use 30% of revenue to buy back $RBLK tokens on the market. 60% of the purchased tokens are burned to promote price appreciation. The remaining 40% are used in the form of staking rewards. Token holders can earn up to 30% APY via staking alone.Â
The redistribution of earnings is a huge incentive to players, who will also benefit from instant crypto deposits. Rollblock is 100% licensed and verified and uses blockchain technology to make transactions irrefutable.
The presale offers a limited-time 20% token bonus and the coin already retails at a discount. Currently priced at $0.0415, the RBLK token will appreciate to $0.047 in the next round. In total, analysts predict a 720% increase from the start to the end of the presale, with early investors already seeing huge returns.
Dogecoin Disappoints Token Holders
News about Elon Musk’s appointment as head of the Department of Government Efficiency (DOGE) initially helped to increase the price of Dogecoin. Selling for $0.10 in early November, Dogecoin shot to $0.42 in mid-December, a 4x increase. But it is unlikely to rise much further and is down 3% over the past week.
Such a large November rally will be hard to sustain without a retracement, and Dogecoin currently trades at $0.39, about 60% of its ATH. Moving forward, DOGE’s upside potential remains limited compared to other coins. Nonetheless, there are some positive indicators. Meme coins are known to lag a little when it comes to Bitcoin-led rallies. Moreover, 5.8 million Dogecoin have been recently reactivated, which could have a positive price impact.
Dogwifhat Drops 14% In 7 Days
Down 14% last week and 8% in 24 hours, Dogwifhat is faring even more poorly than Dogecoin. Dogwifhat does not have Elon Musk’s support or the first-mover effect of Dogecoin. This Dogwifhat price decline occurred despite positive news for the ecosystem, including WIF/USDT trading on the Binance US exchange on December 11th.Â
In other bearish news for Dowwifhat, a whale offloaded $3.4 million worth of tokens to Coinbase last week. Acquired nearly a year before, the whale recorded an impressive 9x profit, purchasing the tokens for only $390,000. With the current retracement in the altcoin market, it seems to have been a timely move.
Rollblock Going Viral As Top Altcoin Alternative
With volatility in the crypto markets, whales are choosing to migrate to presales that offer both early bird pricing and better price potential. Analysts predict Rollblock to 100x or more after the presale completes in early 2025 and neither Dogwifhat nor Dogecoin can offer comparable returns.Â
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino Â
