The alarm bells are ringing for Shiba Inu, Floki Inu, and Dogecoin holders as the broader crypto market cap lost over $300 billion to start off August. The entire meme coin sector fell from a $56 billion market cap to below $40 billion as crypto bulls were decisively routed by the bears. Consequently, the retreat has crypto bulls licking their wounds and searching for the next opportunity to hedge their portfolios with.
One of those opportunities has arrived in the form of the GambleFi protocol Rollblock (RBLK), which recently launched its $RBLK utility token to massive fanfare. Early holders are up 100% from their initial investment, with analysts predicting a 100x waiting in the wings in 2024.
Shiba Inu and Dogecoin holders get ravaged
Dogecoin and Shiba Inu are the undisputed kings of the meme coin market, sporting multibillion-dollar market caps. However, both top dogs have taken a major hit in the past 30 days, with DOGE and SHIB down 8% and 17% in the past 30 days, respectively. Consequently, Dogecoin and Shiba Inu holders are hoping that their recent developments could help spark a rally. Dogecoin is launching its Core update, while Shiba Inu is banking on Shibarium’s rising activity to trigger a massive comeback. However, the crypto bulls have long moved on from both big-cap meme coins in favor of low-cap gems with greater potential to moon, like Rollblock.
Floki Inu price action follows suit amid market shake-up
Floki Inu was never going to leave the market correction unscathed. As with Dogecoin and Shiba Inu, FLOKI’s price performance has mirrored the general bullishness that sent shockwaves across the market. Floki Inu briefly fell all the way down to $0.0001, representing a massive 70% decline from FLOKI’s June all-time highs. With the market conditions leaving crypto bulls skittish, investing in meme coins like Dogecoin, Shiba Inu, and Floki Inu—with their large market caps, nonetheless—wouldn’t be the best move.
Rollblock presale raises $2M and 100% returns for early investors
The smart money is flowing from meme coins and into newly-launched projects with lucrative narratives like Rollblock. Crypto bulls are buying into the GambleFi protocol’s presale for its native $RBLK utility token, which has since drawn over $2 million as it enters stage 5 of its presale. Crypto bulls are understandably realigning their portfolios to accommodate this GambleFi gem, which merges the best of online casino and sports betting with a flourish of DeFi and Web3 functionality.
Holders will be able to use $RBLK to bet on a variety of online casino and sports betting markets and stake it for passive income. Better yet, $RBLK holders will be entitled to a revenue sharing arrangement, earning a portion of the online casino’s proceeds on a weekly basis.
But don’t leave it too late. As the presale enters stage 5 with less than ⅓ of the presale $RBLK utility token allocation left, crypto bulls are fast gobbling up the remaining supply until prices increase. Join the hottest presale of the summer right now.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
