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Cryptocurrency News Articles

Price dip or buying opportunity? That's the question many investors are asking following the crypto market's post-bull run cooloff

Dec 18, 2024 at 01:30 pm

Savvy traders are seizing the opportunity to take new positions. In fact, the SHIB meme coin had 15% in weekly gains while PEPE toppled Uniswap's valuation

Price dip or buying opportunity? That's the question many investors are asking following the crypto market's post-bull run cooloff

As the crypto market experiences a post-bull run cooloff, many investors are left wondering whether it's a buying opportunity or a sign of further price dips to come. However, savvy traders are seizing the opportunity to take new positions and capitalize on the downturn.

While the SHIB meme coin managed to secure a 15% gain in the past week, PEPE also made headlines by overtaking Uniswap in valuation. Meanwhile, the Rollblock presale has also surged past $7 million, thanks to its unique “GambleFi” model and staking rewards.

Here's a closer look at these developments:

1. Rollblock crypto casino presale hits $7.3M ahead of bull run

The meme hype is gaining ground, and so is the innovation that Rollblock brings to the iGaming scene. Since its launch, Rollblock's crypto presale has been gaining traction as one of the most talked-about opportunities in the altcoin market. Currently in stage nine presale, Rollblock has raised over $7.3M as a vote of confidence for its iGaming ingenuity.

The reasons are crystal clear! The project stands out for its unique “GambleFi” model, which combines crypto gaming and staking features. Unlike traditional casinos and their pitfalls, Rollblock focuses on security and transparency by leveraging Ethereum's smart contract.

Its novel AI-powered betting tools designed to enhance user experience have also struck a chord with many punters. That's why its ongoing presale is being compared to PEPE and SHIB's meme success. The market is buzzing, and Rollblock is still selling at a discounted $0.0415.

2. Shiba Inu shows signs of bullishness. A new bull run or a fakeout?

Another altcoin that savvy traders have been hoarding ahead of the bull run is the beloved dog-themed Shiba Inu meme coin. Over the past week, Shiba Inu has shown bullish signs after breaking new levels. The meme coin boasts a 15% MoM gain to reach $0.00003, prompting many traders to HODL.

Shiba Inu's outstanding performance can be attributed to its strong community, which continues to drive the ecosystem's development. Initiatives like the 1 CENT DREAM project aim to burn supply and contribute to the price rise.

On the other hand, adding to the positive sentiment is Shiba Inu's Shibarium L2, which has reached a new milestone. The L2 solution now boasts $6M in TVL, over 2M addresses, and more than 60M transactions processed. Investors' confidence is also on the rise, with some analysts predicting that SHIB could reach a valuation of $80M during this bull run.

3. PEPE meme coin overtakes UNI as whales pour in billions

PEPE faithful are also reaping the fruit of their foresight even before the bull run begins. The frog-inspired meme coin broke the record with an $11B market cap after overtaking UNI. This achievement marks an astounding 18x growth from its humble beginnings at $591 million earlier this year.

Its performance this month is no different. PEPE has surged by 150% as whales poured in $1.14B. The token's rally was further bolstered by its Dec. 5 listing on Binance.US and expanded accessibility through platforms like Robinhood and MoonPay.

These milestones have exposed PEPE to newer investors, and analysts predict that it could see more upside during the bull run.

Conclusion

The crypto market experienced a post-bull run cooloff, and savvy traders capitalized on these moments to secure positions that signaled massive future gains. Shiba Inu's bullish breakout and PEPE's record-smashing milestones showcased the enduring power of meme coins.

However, all eyes were on Rollblock's impressive presale and its potential to revolutionize the iGaming industry. With its unique “GambleFi” model and early success in the presale, Rollblock is emerging as the next contender in the altcoin market.

For investors, this dip wasn't just a cooldown—it was the perfect time to position for explosive returns.

News source:timestabloid.com

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