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Cryptocurrency News Articles
SHIB and DOGE Are Losing Steam But This Low-Cap Crypto Continues To Gain Traction
Nov 29, 2024 at 04:00 pm
Shiba Inu whales have sold 7.48 trillion tokens in the last 24 hours while Dogecoin is experiencing a short term retracement after its massive post-election rally.
Shiba Inu (CRYPTO: SHIB) whales sold a staggering 7.48 trillion tokens over the last 24 hours, while Dogecoin (CRYPTO: DOGE) experienced a short-term pullback following its massive post-election rally.
On the other hand, investors are flocking to Rollblock’s (RBLK) viral presale, which is poised for 880% gains ahead of its official token launch.
Shiba Inu Whales Sell 7.48 Trillion SHIB Tokens In a Single Day
Shiba Inu’s price surged 47.84% during the post-election hype, but it now appears to be losing steam and garnering less interest from investors.
According to data from IntoTheBlock, Shiba Inu recorded massive outflows of 7.48 trillion SHIB from whale addresses over the last 24 hours, which usually indicates a bearish market sentiment.
Since such whale activity can trigger panic sell-offs across the market, several analysts believe Shiba Inu’s price could experience steeper declines in the next few weeks.
At press time, Shiba Inu is trading for $0.00002533 after an intraday increase of 3.94%. Despite the minor price increase, Shiba Inu’s volume has crashed by 34.72% during the same period, which suggests low network activity.
With Shiba Inu’s MACD level already flashing sell signals, several analysts are expecting Shiba Inu’s price to retrace toward the $0.00001772 support.
Dogecoin (CRYPTO: DOGE) Experiences Short Term Pullback After Massive Post-Election Rally
During the post-election rally, Dogecoin’s price soared by a massive 200% as Trump indirectly endorsed Dogecoin with his new Department of Government Efficiency.
After this exponential rally, Dogecoin entered a correction phase as its RSI entered overbought levels.
At press time, Dogecoin is trading for $0.4002 after an intraday jump of 3.18% which suggests a possible resurgence.
Although Dogecoin’s volume has crashed by 33.54% over the last 24 hours, this dip could hint at lower selling activity amongst Dogecoin holders.
If Dogecoin’s buying activity increases again, several analysts believe Dogecoin could continue its uptick toward the big $1 milestone.
Rollblock (RBLK) Attracts Memecoin Whales Ahead of Altseason Hype
During Q4’s altseason, Rollblock is outshining the meme coin market with its viral crypto native GambleFi project.
While traditional casinos fail to provide adequate security and provably fair gambling to users, Rollblock is changing the iGambling narrative by integrating its native cryptocurrency.
As Rollblock gives traders the chance to earn a massive income by playing exciting games, the platform is already poised for a huge 100x rally on its official launch day.
By bringing the latest blockchain technology to the world of online gambling, Rollblock is bringing trust and transparency back to the $500bn per annum global gambling market.
If Rollblock manages to capture just 1% market share by 2025, it could easily surpass the gains of popular memecoins like SHIB and DOGE.
Since Rollblock’s ecosystem is powered by the platform’s native RBLK token, traders can play more than 7,000 AI-powered games to accumulate more RBLK.
As they win, they can use these RBLK tokens to access more exclusive games or add the tokens to a staking pool to earn a weekly passive income.
With Rollblock’s revenue-sharing model, the platform allocates up to 30% of its revenue to repurchase RBLK on the open market.
While 40% of these tokens are distributed as rewards with the highest APYs in the market, the remaining 60% are burned to ensure RBLK’s circulating supply never breaches the hard cap of 1 billion tokens.
Given these deflationary tokenomics and impressive gaming features, Rollblock’s current selling price of just $0.036 is a massive steal.
As market experts project up to 880% ROI for RBLK’s early investors, the platform is seeing a huge influx of memecoin whales who are jumping ship to the altcoin revolution.
Rollblock has a 50% bonus offer available on all purchases.
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