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Cryptocurrency News Articles
Whales Are Migrating From PEPE and WIF Into Utility Tokens Like Rollblock As DeFi Season Nears
Dec 20, 2024 at 04:00 pm
Crypto whales are having a feeding frenzy as the market is experiencing a brief downturn in a highly bullish phase. “Buy the dip” is great investment advice
Cryptocurrency prices are experiencing a brief downturn in an otherwise highly bullish phase. As a result, several meme coins, including Pepe Coin (PEPE) and DogWifHat (WIF), are showing signs of decline. However, these dips are occurring against a backdrop of Bitcoin (BTC) hitting yet another all-time high (ATH) this week.
Despite the overall market correction, there’s a way to ride out this volatility and potentially reap huge rewards—the Rollblock presale. The presale has already raised over $7 million in liquidity, making it an unmissable opportunity for traders and investors alike.
Pepe Coin price today: Pepe price dips, but is it a bear trap?
Looking at the mid-week market indicators, Pepe Coin seems to have lost it. The Pepe price is currently about 25% below its ATH reached in the second week of December, and many fear the Pepe price is about to crash. However, all signs are that this could just be a bear trap as the market makes a slight correction due to some well-deserved profit-taking.
Pepe Coin, named after the popular internet meme, has had an incredible run this year, thanks in part to Elon Musk’s tweets and Trump’s entry into the NFT world. However, with the Pepe price experiencing a relative lull, is it time to BTFD (buy the fear, dip, and despair)?
The Pepe price has experienced a relative downturn, but it’s still up over 173% on the 90-day candle. This shows that despite the dips, the Pepe price is still experiencing net growth over extended periods.
However, it’s important to note that meme coins are inherently volatile and can experience wild price swings in either direction. So, while the Pepe price may be dipping now, there’s no guarantee it will continue to rise in the future.
Crypto whales go big in unbelievable Rollblock presale
A nearly foolproof investment strategy is to look at what the crypto whales are doing and follow suit. And right now, the crypto whales are feasting on the buffet of Rollblock’s presale, with investors already having gobbled up over $7.3 million worth of tokens.
Closer scrutiny shows Rollblock is a heck of an investment with a double-whammy benefit for traders and investors. Rollblock’s main product offering is the world’s first play-to-earn Ethereum-based casino.
Rollblock is at the coalface of blockchain tech and is placing the $500 billion online gaming industry where it belongs: on the blockchain, where it is transparent, auditable, and fair to all parties. Once the presale ends and RBLK tokens are traded on the open market, prices will soar.
But it’s the second bit that has investors biting: Rollblock is an income-generating asset. Every week, a portion of the profits made from the online casino is paid to all token holders. That’s enough to satisfy even the biggest crypto whales’ hunger!
Pepe Coin price today: Good time to BTFD before Elon joins Trump?
Pepe Coin has lost over 20% since hitting an ATH of $0.00024 on December 11. However, the price has recovered somewhat and is currently trading at around $0.00017—still significantly lower than its peak.
Several factors could contribute to the Pepe price dips. One possibility is that some traders may be cashing out their profits after a good run-up in recent weeks. Another factor could be the overall market correction, which has seen even Bitcoin (BTC) experience some dips.
However, despite the dips, Pepe Coin is still showing signs of strength, especially considering it’s up over 173% on the 90-day candle. This sustained growth over extended periods bodes well for the meme coin, and it could be a good time to ‘BTFD’ before Trump enters the white house and crypto (and meme coin) friendly Elon Musk joins him in a move that is sure to boost the crypto world.
DogWifHat price today: Respite before the blast off or lost cause?
DogWifhat (WIF) is also taking a breather from a relatively bullish period. However, WIF has not had the incredible run as the Pepe price. In fact, a closer inspection shows that WIF is at about half its ATH value. While the Pepe Price wants to probe higher levels and Bitcoin is reaching for Mars, any token at half its peak needs to be examined.
WIF has always been a contentious coin, a bit of a pariah among meme coins, and it is reasonably safe to say that Pepe Coin is a better meme coin to buy at the moment than WIF.
The conclusion: Where’s the smart money moving?
If the crypto whales are buying, this is a great time to follow suit. While
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