Dogecoin Soars After Elon Musk's DOGE Appointment, But Rollblock Is Set to Outperform in the Long Term

Meme coins are one of the market's biggest gainers following the recent bull run. Top meme tokens like Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), and Pepe (PEPE) have experienced new highs. However, DOGE remains the largest meme coin by market cap.

Meme coins have soared following the recent bull run, with some experiencing new highs. However, the gains vary greatly depending on the coin.

A couple of days after his election as the 47th US President, Donald Trump announced the appointment of Elon Musk as a co-lead for his administration’s Department of Government Efficiency (DOGE). Considering Musk’s social status in the crypto market and affiliation with Dogecoin, the market quickly reacted to the news.

The bullish reaction caused the DOGE price to increase by nearly 240% in the past month, reaching $0.47. The strong trend highlights investors’ optimism amid predictions that Dogecoin could reach $1 and become one of the top five cryptocurrencies by market cap. However, considering its meme coin status, the likelihood of DOGE reaching $1 seems bleak.

Investors Shift to Utility Tokens as Meme Coin Alternatives

While meme coins can experience sudden price surges and accumulate large profits, they are very risky because their values are largely dependent on social media hype. As a result, investors are seeking utility tokens with real use cases and solid projects as alternatives to meme coins like DOGE. These tokens are a part of solid crypto projects with clear roadmaps of their goals.

These tokens also serve various purposes, including fee payments, ecosystem governance, trading, and investing. For example, some popular utility tokens include SAND, MANA, AXS, GMT, and APE. These tokens are used for metaverse land purchases, gaming, fitness, and more.

Rollblock Is Set to Outperform DOGE in the Long Term

Despite its recent growth, Dogecoin is a speculative asset with no actual use case to boost its demand or development. Moreover, the meme token faces stiff competition from other popular coins like SHIB, PEPE, and BONK. So, it’s more likely that projects with underlying use cases will reach $1 before DOGE. That’s why investors are opting for utility tokens like Rollblock.

Rollblock is a new online casino token that has been making waves with its presale. The Rollblock presale has already raised over $5.6 million, indicating its massive whale accumulation. The token serves as the casino’s reward asset, ensuring players and investors remain motivated.

One of its exciting use cases is the revenue-sharing system that it powers. Token holders get RBLK tokens as an incentive through a share of the site’s weekly profits. They can also stake their assets for up to 30% APY. Playing casino games is also seamless when using the GambleFi token as a wager.

Conclusion

While there is an optimistic Dogecoin price prediction of $1, Rollblock is better positioned for such heights due to its use cases and long-term developments. The Rollblock presale is in stage 8, with the token priced at $0.036. Interested investors can lock in some coins before the Rollblock price increases in the subsequent stages. Also, be sure to use the 50% bonus offer currently available on Rollblock tokens.