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Cryptocurrency News Articles

Shiba Inu (SHIB) and Dogecoin (DOGE) Holders Bet Big on Fast-Rising Altcoin

Nov 25, 2024 at 03:00 am

Shiba Inu (SHIB) and Dogecoin (DOGE) investors are now moving onto the Rollblock (RBLK) ICO, which uses blockchain technology in Internet gambling.

Shiba Inu (SHIB) and Dogecoin (DOGE) Holders Bet Big on Fast-Rising Altcoin

Shiba Inu (SHIB) and Dogecoin (DOGE) investors are now pivoting towards the Rollblock (RBLK) ICO, which integrates blockchain technology into online gambling. While meme coins continue to garner attention for their community-driven nature, Rollblock is introducing a GambleFi model that prioritizes transparency, security, and real-world utility. This innovation is attracting experienced investors seeking long-term growth, positioning Rollblock as a crypto rising star.

Shiba Inu Price Analysis: Key Support and Resistance Levels Crucial for Next Move

Shiba Inu has been forming a triangle consolidation pattern on the daily chart, hinting at a potential breakout. However, on-chain data reveals some potential vulnerabilities. Shiba Inu is currently trading within a critical support range of $0.000022–$0.000023, which is being held by 45.78% of in-the-money addresses, together amounting to about 33 trillion SHIB. A breakdown below this level could lead to a significant retracement.

On the other hand, strong selling pressure is evident as the price approaches the resistance at $0.000025, which is predominantly populated by out-of-the-money addresses. This clustering of resistance zones suggests that Shiba Inu may encounter difficulty in rising further unless a substantial demand spike materializes.

If the $0.000022 support fails to hold, lower levels at $0.000018–$0.000019, which align with historical buying interest, could provide a buffer against further declines. A sustained recovery in Shiba Inu may hinge on renewed market confidence and increased buying momentum.

Dogecoin Price Analysis: Resistance at $0.53 in Focus After 134% Gain in Six Months

Dogecoin has seen an impressive 134.41% growth over the past six months and 166.44% within the last month. However, the price has dropped a little over 4.00% within the last week, indicating short-term volatility. Currently, Dogecoin trades between $0.28 and $0.45, with its 10-day and 100-day simple moving averages (SMAs) at $0.38, signaling medium-term stability. The RSI at 51.09 and Stochastic at 41.64 indicate a neutral market stance.

Looking ahead, Dogecoin faces a resistance level of $0.53. A breakout above this could push Dogecoin toward $0.69, a 47% potential gain. On the downside, the nearest support is at $0.19, which would represent a 32% decline if breached. A lower support at $0.0263 offers a much deeper safety net. Maintaining momentum above key support levels could keep Dogecoin on an upward trajectory.

Rollblock Presale Surges Past $5.6 Million, Positioning Token for a Strong Market Debut in 2024

The presale for Rollblock has far surpassed expectations in 2024, fueled by strong market demand and a boost from the recent U.S. presidential election results. With over $5.6 million raised, this impressive feat highlights the growing confidence in Rollblock’s potential and sets the stage for a strong market debut.

Rollblock is changing online gambling with its new GambleFi platform powered by blockchain which offers a secure, decentralized, and transparent gambling experience. As the worldwide online gambling market approaches 744.8 billion by 2028, Rollblock has an excellent chance to capture a piece of this developing industry. With over 7,000 live casino video games and sports betting on the horizon, the platform is getting considerable attention from gamers and investors seeking to benefit from its growth.

Rollblock’s presale began in March 2023 and has progressed through eight stages, with each stage seeing a gradual price increase in the tokens. In its current presale 8, Rollblock tokens can still be acquired for only $0.036 each—a price that is anticipated to skyrocket to $1 soon. Given the massive investment interest, many experts predict that $RBLK will reach this target faster than expected, making it one of the most promising crypto investments of the year.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

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