Dogecoin (DOGE) Market Cap Collapses to $28B as Crypto Whales Migrate to Rollblock (RBLK)

This Ethereum-based GambleFi project has delivered a mouthwatering 6x return to early bagholders as it sails through stage 10 of its presale.

Dogecoin has taken a serious hit as crypto whales migrate to crypto projects that offer real-world utility. The Dogecoin market cap has collapsed to $28 billion, a serious drop from December last year when DOGE reached a valuation of more than $50 billion.

As the meme coin hype dies, the digital gold rush is headed toward Rollblock (RBLK), a new utility token in the iGaming market that offers incredible revenue sharing benefits. Here’s why analysts believe RBLK is the best crypto to buy ahead of DOGE.

This Ethereum-based GambleFi project has delivered a mouthwatering 6x return to early bagholders as it sails through stage 10 of its presale. Yet, crypto pundits expect the RBLK to deliver another 380% upsurge before hitting its $20 million hard cap, and possibly pull a 50x multiplier once it debuts in the free market this year.

A portion of the funds is assigned for regular token buyback and burn events, slowly lowering the 1 billion RBLK supply over time. That makes RBLK a deflationary asset whose market value and price always go up.

These growth-focused features are crowned with Rollblock’s disruptive potential in the $540 billion gambling industry. Revolutionizing this massive empire with novel AI, crypto, and copy betting strategies positions this casino protocol to cut a hefty market share for itself, potentially rolling its market cap into the billions!

It’s easy to see why this new altcoin is being touted as the best crypto to buy in the market.

Dogecoin Crumbles Below $0.20 As Mid-Term Holders Exit

It was just in December last year when Dogecoin hit a new high above $0.48, sparking insane optimism as the meme coin market went viral. Sadly, investors started trimming their position, locking a nearly 6x return delivered from its $0.08 low.

The ensuing bearish pressure placed the Dogecoin price in free fall, losing serious ground amid a crippling market-wide selloff that has seen BTC return to the $82k zone. In the past month alone, Dogecoin collapsed over 35%, tumbling below $0.20.

DOGE is now on the verge of breaking below its 50-day EMA on the weekly chart as meme coin investors ditch it to pile into utility tokens.

According to recent CoinMarketCap news, Dogecoin’s Unspent Transactions Output (UTXO) has dropped 89% since late 2023, with active addresses plummeting 95% from 2.66 million in Nov last year to a dull 130,282 in Feb this year.

This indicates dwindling DOGE transactions and user engagement, raising uncertainty about the meme coin’s long-term demand. Worse still, long-term DOGE investors have dropped nearly 3%, while mid-term holders are down over 11%.

It appears like savvy whales are exiting the meme coin market, leaving DOGE’s fate in the hands of short-term speculators. It remains to be seen whether positive news of the recent SEC ruling classifying meme coin tokens like DOGE as collectibles will help attract fresh buying pressure.

Dogecoin whales are noted to be among the top investors buying into RBLK at the $0.06 bargain price, pushing the ICO past $10.8 million. Only a few days remain before the price jumps to $0.065 in the next phase. Score your share right now before the price rises.

Investors who refer a friend in March will both receive a 30% RBLK bonus, which will only accelerate Rollblock’s growth.

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