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Cryptocurrency News Articles
Rollblock (RBLK) Outperforms Meme Coins Bonk (BONK) and Dogwifhat (WIF) as Utility-Driven Growth Takes Hold
Oct 07, 2024 at 03:00 pm
Rollblock’s utility-driven growth is outperforming meme-based tokens Bonk (BONK) and Dogwifhat (WIF), which have seen their prices slow down this quarter.
Bonk (BONK) price analysis indicates a possible price increase, while Dogwifhat (WIF) price surged over 7% in 24 hours.
Bonk (BONK) price analysis indicates a possible price increase, while Dogwifhat (WIF) price surged over 7% in 24 hours.
Investors have been keeping a close watch on Bonk (BONK) since early September, with a growing interest indicated by positive capital inflows. The Chaikin Money Flow (CMF) indicator highlighted this increasing confidence, suggesting a potential price increase.
However, as Bonk approached the $0.00002400 price level, enthusiasm seemed to dwindle. The CMF indicator shifted, indicating a change in market sentiment. As selling pressure mounted, Bonk faced difficulty in breaking through the key resistance price.
Furthermore, the broader market conditions also presented challenges for Bonk's price recovery. With the market sentiment turning bearish, investors were observed to be pulling out of the market. Consequently, Bonk's price lost momentum and declined significantly.
Had the price broken out, it could have led to a 92% rally for BONK, taking it to an all-time high of $0.00004800, but that opportunity quickly faded.
Meanwhile, Dogwifhat experienced a 7.08% price surge in the past 24 hours, reaching $2.35. This price movement is significant as Dogwifhat's market capitalization surpassed $2 billion for the first time in seven weeks.
The current price momentum suggests that the next target for Dogwifhat could be the resistance point at $2.85.
Over the last 30 days, Dogwifhat has risen by 47.52%, primarily driven by broader market improvements following the recent monetary policy shift by the Federal Reserve. This bullish sentiment is also reflected in the Fear & Greed Index, which is currently at a neutral 50, indicating an overall positive outlook for Dogwifhat.
Additionally, Dogwifhat had 19 positive trading days out of the last month, which is 63% of the time, and is now trading close to its cycle high, suggesting that the coin may be approaching another resistance price.
Relative to its market cap, Dogwifhat also boasts strong liquidity, presenting a favorable environment for investors who wish to enter or exit positions without causing significant price shifts.
In other news, Rollblock (RBLK) is a play-to-earn, no-KYC online casino that entered its presale in June with a starting price of $0.001. By October, the price surged to $0.003, marking a 200% increase, already surpassing competitors like Bonk and Dogwifhat.
According to analysts, the return on investment for RBLK is expected to be even higher, with anticipation of a 100x surge after the presale ends and Rollblock gets listed on open markets.
The success of Rollblock can be attributed to its innovative approach to online gambling, which is a $500 billion market that is yet to be fully integrated with cryptocurrency.
Unlike traditional casinos, Rollblock is the first online casino to be built on the Ethereum blockchain. Its platform offers enhanced security and a wide selection of games, attracting a global audience of players.
Furthermore, Rollblock connects the online gambling market to retail investors through its unique offering. The platform has set itself apart with the RBLK token.
Capped at one billion tokens, the RBLK token follows a deflationary model with regular token burns. This setup increases the value of tokens over time.
Additionally, investors benefit from a revenue-sharing model, receiving weekly dividends as passive income simply by holding the token.
With this compelling value proposition, Rollblock has already raised $4 million during its presale. At $0.003 per token, it presents a prime opportunity for both short-term gains and long-term income for early investors.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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