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Mark Cuban labels meme coins as rug pulls and urges investors to consider utility tokens like Rollblock, now in presale.
Shark tank host, billionaire, and self-styled crypto fundi Mark Cuban dismissed meme coins out of hand and called them rug pulls, a rug pull crypto-slang for pump-and-dump schemes. While his tone was harsh, his facts may not be wrong. Meme coins are essentially worthless.
Instead, he advises that one should look at coins with real-world utility, like the new GambleFi token Rollblock, a utility token currently in presale.
Rollblock: A utility token with real-world value
Rollblock is gaining serious traction among investors as a utility token that brings real-world value to the rapidly expanding GambleFi sector. Unlike meme coins, Rollblock offers a fully operational online casino platform that merges blockchain technology with gambling, providing a clear use case for its RBLK tokens. As a utility token, RBLK allows users to place bets, participate in games, and earn passive income through the casino’s revenue-sharing model.
What sets Rollblock apart from speculative assets like Dogecoin and Shiba Inu is its deflationary tokenomics and genuine utility. With a capped supply of 1 billion tokens and regular burns, the scarcity of RBLK ensures long-term value growth, while its real-world application drives demand. Investors seeking a utility token that can deliver both short-term gains and sustained value are flocking to Rollblock.
Dogecoin: Designed to be worthless
Dogecoin is a top-10 token. With a market cap of 15 billion, Dogecoin occupies the number eight spot. But lest we forget, it was literally designed to be worthless. Dogecoin’s developers made the meme coin as a way to illustrate how worthless cryptos are. They were left with an egg on their face as their worthless token became the highest-yielding coin ever, leading a $2 trillion industry.
Does this mean Dogecoin is not a rug pull? Cuban’s analysis is that meme coins are worthless because they are not utility tokens. Once the novelty has worn off, they have nothing to offer the world. He is not wrong. Dogecoin is held aloft by Elon Musk’s eternal love affair, but the same cannot be said for Shiba Inu.
Shiba Inu: Incoming rug pull?
At least Dogecoin has Elon Musk in its corner. #2-ranked meme coin Shiba Inu does not. What Shiba Inu does have is sentiment. Dogecoin had the crown of the best-performing coin ever until Shiba Inu took the crown (and then lost it to Pepe Coin). But when someone talks about Shiba Inu, they conjure up memories of the legendary crypto trade that turned $8,000 into $5.3 billion. People look at Shiba Inu through the lens of what it was, not what it can be.
Frankly, it can’t be anything. Shiba Inu developers are trying hard to make a utility coin out of it with the LEASH and BONE projects. But at the end of the day, sadly, we have to side with Cuban again. Shiba Inu is worthless and will eventually become a rug pull.
Conclusion:
Utility is vital. Cryptocurrencies that serve as utility tokens that solve real-world issues will survive and flourish, while those backed up by mere sentiment are rug pulls with no real chance of surviving. This accounts for why thousands of subscribers have already provided Rollblock with over $4 million in liquidity – its utility token with a real-world application.
Rollblock is now available at $0.031.
For more information, visit the Rollblock presale website or join the online community.
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This article first appeared at crypto.news
