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Dogecoin struggles to maintain momentum as Ethereum holders shift focus to Rollblock’s presale.
Amid the market-wide disruption, the Dogecoin (DOGE) short-term price structure seems to be hanging by a thread, as volume is drying up and investors are cutting their losses. The picture is also quite bearish for Ethereum (ETH) as it continues to lose ground to major competitors in the Layer-1 landscape, despite whale activity ramping up over the last few days.
To mitigate risk, Ethereum holders have been reallocating capital toward the viral presale of crypto casino Rollblock (RBLK), which is approaching $10 million in raised funds.
Rollblock spearheading the crypto casino revolution
The gambling industry is projected to be worth $750 billion by 2028 and Web3 casino Rollblock is poised to claim a substantial portion of this booming market with its transformative GambleFi ecosystem. Rollblock provides a Vegas-style casino experience, supported by a vast DeFi framework that will reward users through a novel revenue-sharing mechanism while simultaneously ensuring the highest security and transparency standards.
More than 45,000 players have made Rollblock their platform of choice and are already enjoying the massive 7,000-title library, which appeals to a broad range of preferences. From casino classics, to live games, to AI-powered exclusives. Rollblock has it all. Additionally, sports enthusiasts will be happy to learn that the casino has also introduced a sports betting platform, which will allow them to bet on their favorite tournaments and events.
Users can also use Rollblock as an investment platform, thanks to its unique reward system that will grant high APYs. As part of this model, the casino invests up to 30% of its weekly profits into the community by repurchasing RBLK tokens. 60% of this amount is burned, promoting scarcity-driven growth, and the remaining 40% is distributed among users.
The system allows holders to capitalize on a two-fold benefit as deflationary pressure will ensure continuous appreciation, while the recurring staking rewards will provide a passive income stream. This makes Rollblock among the most intriguing opportunities in the market, and many investors have taken notice, as reflected by the skyrocketing demand during its presale phase.
Dogecoin fails to sustain momentum
After a memorable triple-digit surge in November of last year, Dogecoin’s cool-off phase appears far from over, as each breakout attempt has been met by a barrage of sell-offs. At press time, Dogecoin trades at around $0.33, following a 4.89% weekly drop.
Despite Dogecoin’s underwhelming price action and reduced investor participation, institutional entities are making strides behind the scenes. Bitwise recently submitted an application for a spot DOGE ETF, marking a significant shift in the stance of fund managers toward meme coins.
While Dogecoin is more than a meme coin, at nearly $50 billion in valuation, this change in attitude could be a sign of things to come in the corporate investment space. This move has been largely facilitated by the crypto-friendly regulatory climate under Donald Trump, which could soon translate into a new gold rush that could propel Dogecoin and other memes to unseen heights.
Ethereum
Ethereum spent the first half of this crypto cycle on the sidelines, as the market’s attention focused on higher ROI plays such as Solana and Sui. However, on-chain analysis tells another side of the story, as whales continue to accumulate substantial amounts of ETH at current prices.
13 whales recently acquired over 10,000 ETH each in a day, and Trump’s World Liberty Financial increased its ETH holdings to 78,722 ETH, reinforcing confidence in long-term adoption.
Analyst Ted Pillow has noted similarities to Ethereum’s late 2020 price movement, suggesting a potential rally to $5,000-$6,000 if ETH breaks the $4,000 resistance. Currently, Ethereum trades at $3,210, up 2,47% in the last 24 hours. However, an RSI of 62.35 signals a potential continuation of the consolidation phase.
Conclusion
Stage 10 of the Rollblock presale just started and investors are rushing to secure RBLK, taking advantage of the discount window. Tokens are priced at $0.052, with experts anticipating an 800% surge by the end of the presale.
When taking into account all that Rollblock has to offer, and with the crypto gaming narrative set for a resurgence in 2025, a massive moonshot could be in the cards for RBLK.
For more information on Rollblock, visit their website or socials.
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