This New Viral Altcoin Gains Momentum As Whales Exit Meme Coins Like Dogecoin and Dogwifhat
Recent reports indicate that whales have exited meme coins such as Dogecoin and Dogwifhat in droves. Meme tokens have underperformed and their upside may have peaked after a strong rally in November. As of the time of writing, both Dogecoin and Dogwifhat are declining on a weekly and daily basis.
Meanwhile, the Rollblock (RBLK) presale continues to gain momentum, raising $7.3 million to date. The groundbreaking GambleFi protocol aspires to disrupt the $450 billion industry with decentralized solutions that return profits to players and investors rather than centralized insiders.
Whales are afraid of missing the roll cage
One of the reasons why large investors are switching from Meme tokens to presales like Rollblock is the market use case. Rollblock has a clear market proposition for solving the problem of centralized gambling and retains all profits. It offers players more than 7,000 gaming opportunities and recently added a lucrative sports betting feature. All of this is supported by Rollblock’s revenue share model.
Every week, Rollblock uses 30% of its revenue to buy back $RBLK tokens on the market. 60% of purchased tokens are burned to promote price appreciation. The remaining 40% is used in the form of staking rewards. Token holders can earn up to 30% annual returns just by staking.
The redistribution of income is a huge incentive for players, who will also benefit from instant cryptocurrency deposits. Rollblock is 100% permissioned and verified and uses blockchain technology to make transactions irrefutable.
The presale offers a limited-time 20% token bonus, and the tokens are already retailing at a discounted price. The RBLK token is currently priced at $0.0415 and will appreciate to $0.047 in the next round. Analysts predict that the overall increase from the beginning to the end of the pre-sale will reach 720%, and early investors have already seen huge returns.
Dogecoin disappoints token holders
News about Elon Musk’s appointment as head of the Department of Government Efficiency (DOGE) initially helped boost the price of Dogecoin. Dogecoin sold for $0.10 in early November and soared to $0.42 in mid-December, a 4-fold increase. But it is unlikely to rise further and has fallen 3% over the past week.
Absent a pullback, such a large rally in November will be difficult to sustain, with Dogecoin currently trading at $0.39, approximately 60% of its ATH. Looking ahead, DOGE’s upside potential remains limited compared to other coins. Still, there are some positive signs. Meme coins are known to lag slightly during Bitcoin-led rallies. Additionally, 5.8 million Dogecoin was recently reactivated, which may have a positive impact on the price.
Dogwifhat down 14% in 7 days
Dogwifhat fell 14% last week and 8% in 24 hours, its performance even worse than Dogecoin. Dogwifhat doesn’t have the backing of Elon Musk or the first-mover effect of Dogecoin. Dogwifhat price fell despite positive news from the ecosystem, including WIF/USDT trading on the Binance US exchange on December 11.
In other bad news for Dowwifhat, a whale sold $3.4 million worth of tokens to Coinbase last week. The whale acquired the tokens nearly a year ago, earning an impressive 9x profit for just $390,000. This seems to be a timely move given the current pullback in the altcoin market.
Rollblock is quickly gaining popularity as a top altcoin alternative
With the cryptocurrency market volatile, whales are choosing to turn to pre-sales to provide early bird pricing and better price potential. Analysts predict Rollblock can reach 100 times or more Neither Dogwifhat nor Dogecoin will be able to provide comparable returns after the pre-sale is completed in early 2025.
Explore the exciting opportunity for Rollblock (RBLK) presale now!
website: https://presale.rollblock.io/
social contact: https://linktr.ee/rollblockcasino
