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Trump’s Bitcoin support was expected to boost crypto, but only Dogecoin and Rollblock are trending while Shiba Inu struggles.
Trump’s recent support for Bitcoin was expected to trigger a bullish run across the crypto market. However, current market trends show that investors have only been focused on assets like Dogecoin (DOGE) and Rollblock (RBLK) this week. Meanwhile, memecoin Shiba Inu (SHIB) is struggling to gain traction.
Is Dogecoin about to bounce back?
Analysts are unsure about what next week will bring for Dogecoin (DOGE). At the time of writing, Dogecoin is trading at $0.1204 after a massive intra-day decline of 5%. Despite this downturn, Dogecoin’s trading volume is up by 7.84%, bringing the total to $672 million.
The broader crypto market’s Fear and Greed Index is at 52, marking a neutral sentiment. But with Dogecoin’s rising volume, analysts are optimistic about a huge price pump in the future. If the historic chart pattern repeats, then Dogecoin investors can expect a massive 7200% rally soon, bringing DOGE’s price to $10.
Shiba Inu whales are selling out
Shiba Inu (SHIB) whales have dropped a massive number of tokens in the past week. This selloff caused a 3% intra-day dip in value, bringing Shiba Inu’s current trading price down to $0.00001585. Market trends suggest that many traders will now follow suit by abandoning Shiba Inu in exchange for newer altcoins with better growth.
For now, Shiba Inu’s RSI suggests that the memecoin is in bearish territory but hasn’t been oversold yet. This means that there may be further declines in the following weeks, especially due to the increased selling pressure. If Shiba Inu breaks below the support of $0.000015783, then it may face steeper declines down to the $0.00001400 level.
Rollblock investors enjoy 75% gains
Rollblock’s (RBLK) crypto-based casino has been turning heads ever since its presale launch. This week, the biggest headline is a sudden hike in RBLK’s price. Early investors are now enjoying up to 75% gains as the altcoin’s presale price has surged from $0.01 to $0.0175. In the next few weeks, analysts are predicting more rallies, potentially driving the price towards the $0.03 mark.
Rollblock (RBLK) is a new altcoin that is based on the Ethereum blockchain. It features a unique crypto-based casino, giving users access to over 150 popular casino games. Players can register using their email address or directly link their crypto wallets to start gambling. Since every transaction is automatically inscribed on the Ethereum blockchain, gamers don’t have to worry about any data breaches or bet fixing.
One of the key reasons investors are pouring into Rollblock is the unique revenue-share model. By holding RBLK tokens, investors can earn huge staking rewards with the highest APYs in the market. Rollblock also has a hard cap on RBLK supply.
Since there are only 1 billion tokens in circulation, the token’s value is expected to follow a strictly deflationary trend, with tokens being repurchased from the market and burned each week.
Rollblock is already in stage 4 of its presale, and more than 70% of the round’s token supply has been sold. As supply runs out and demand rises, analysts are anticipating a massive 800x surge by the end of the presale stages. If Rollblock can keep up this skyrocketing momentum, the token may end up seeing a 100x rally the day it hits the open market.
For more information, visit Rollblock’s presale website or join the online community.
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This article first appeared at crypto.news
