The recent market crash revealed which altcoins are seeing significant demand. The meme coin Shiba Inu emerged as a leader of the pack, recovering quickly from the dump. Aave also held up well, and Rollblock presale ($RBLK) outperformed them both by hitting new highs over the weekend. Find out why analysts are calling for huge returns of up to 200x this year!
Shiba Inu ($SHIB) Token Burn To Increase Investor Confidence
Shiba Inu (SHIB) reached a low of $0.00001089 in Monday’s market crash but rebounded quickly to $0.0000138. In fact, Shiba Inu is trading just below levels from last week, despite the rest of the memecoin market suffering losses of up to 20%.
A recent Shiba Inu token burn may be responsible for some of this strength, as over 60,380,203 Shiba Inu tokens were destroyed and taken off the market for good, which, according to Shibburn, is a 400% increase in burn volume. With a wider market recovery, Shiba Inu could easily rally to the range highs at $0.0000194.
Also Read: Shiba Inu Token Burn Crisps 379M Tokens in July
Aave (AAVE) Shows Strength Amid Upgrade and Aptos Partnership
The release of Aave version v3.1 was announced this week, an upgrade aimed at ‘improving the protocol’s overall security, operational efficiency, and usability.’ An upcoming collaboration with the Aptos Network has also been in the news, which will see Aptos deploy Aave version 3 on its chain later in 2024.
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Both of these developments are bullish for the Aave ecosystem, which should see a price pump if the DeFi sector can stage a recovery. Aave held up remarkably well during the recent market crash, falling to $76.30 before rebounding quickly to $100.
Rollblock Presale ($RBLK) Enters Stage 5
Rollblock presale ($RBLK) has seen incredible inflows in recent days as investors pile into this promising Casino coin, buying up all of the coins in stage 4 of its hugely popular presale offering. Rollblock’s price has risen to $0.020, and many early investors have made over 80% on their purchases.
Rollblock presale brings the power of blockchain to the $450 billion gambling sector. All financial transactions are logged onto the Ethereum chain, eliminating the risk of bet tampering. The platform’s 150 immersive casino table games are also provably fairer and offer better odds than competing casinos.
The RBLK token offers investors a huge value proposition, as it benefits from a unique revenue-sharing scheme. The casino will use a portion of its operating profits each week to buy back and burn the token, allocating half to staking rewards and burning the remaining coins. Loyal holders can earn up to 30% in risk-free staking yield during stage 5 of the Rollblock presale, one of the highest rates in all of crypto.
Conclusion
It is impressive for a presale to perform exceedingly well during tumultuous times in the crypto industry. Almost every crypto project moved south as the crypto market witnessed a bloodbath from August 2-5, 2024. However, Rollblock presale stayed strong during turbulent times and completed an important stage of its journey. Besides the Rollblock presale, Shiba Inu and Aave also wasted little to no time in staging a strong comeback as both recovered most of their losses in hours. The strong rebound also reflected the strong confidence of their investors as they defied the odds in the bearish market and stayed hopeful of good days with both Aave and Shiba Inu.
Experts are calling for 100x gains in 2024 as demand for Rollblock presale will far exceed supply. Nearly 7,000 investors have already joined the pre-sale, which is set for further price rises. There will never be a better time to allocate this crypto-native casino gem, with tokens selling for just $0.020!
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