Shiba Inu Struggles to Regain Relevance in 2024 as Capital Shifts to New Memecoins Like Rollblock

Shiba Inu used to be the talk of the town during the bull run of 2021. This was when SHIB generated historic returns for early investors who held all

Shiba Inu (SHIB) is struggling to stay relevant in 2024 as investors shift their capital to newer memecoins. Despite the buzz surrounding SHIB during the 2021 bull run, the memecoin is now losing steam as traders chase higher returns elsewhere. However, a recent surge in the SHIB burn rate has some analysts speculating that the token may still have some life left in it.

Meanwhile, Rollblock, a revenue sharing GambleFi token, has attracted over $2.1 million in funding during its presale. The presale continues, offering early investors a chance to acquire tokens at a discounted price.

Shiba Inu Burn Rate Skyrocketed Last August

Burning tokens aims to create artificial scarcity and counter the effects of inflation. Shiba Inu shifted to a deflationary tokenomics scheme to generate scarcity and combat the massive quantity of SHIB in circulation.

And don’t look now, but the SHIB burn rate saw a massive spike on August 11 when over 38.8 million SHIB tokens were burned, removing them from the circulating supply. That’s a mind-boggling 38,199,412% increase compared to the previous day’s rate.

Shiba Inu prices, however, barely budged from the increased burn rate. Shiba Inu whales are still exiting en masse, with many selling off their large stakes and moving to greener pastures.

One of the projects catching the eye of SHIB whales is Rollblock, whose presale and revenue sharing incentives offer a way to recoup their mounting losses. Most SHIB holders are currently holding heavy bags and in the red after the March 2024 pump.

Rollblock presale Captures Whale Activity

Rollblock combines the worlds of iGaming and Web3 into a single no-KYC crypto casino and a robust DeFi platform. Not only will traders be able to bet on a world of online casino and sports betting markets, but they will also earn passive income from staking and revenue sharing, paid out weekly.

So far, early Rollblock holders are already up by over 100% in programmed token price increases. Users could stand to gain much more once the presale progresses to its closing stages—and once it finally lists on exchanges worldwide.

Memecoins that have already peaked, like Shiba Inu, are old news. But Rollblock has all the makings of a 100x gem in the works—not to mention passive income and revenue sharing incentives.

The bottom line

Buying Shiba Inu in 2024 appears to be a losing proposition as the token has already rallied thousands of percent from its all-time lows. Users might not be able to make parabolic gains with a token that’s already gone parabolic. Rollblock, meanwhile, hasn’t even come remotely close to peaking. Between Shiba Inu and Rollblock, investors are now choosing this new contender.

To learn more about Rollblock, visit the website and socials.

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