Meme coin Dogwifhat (WIF) and DeFi star Jupiter (JUP) are struggling this week as on-chain volumes dry up. Meanwhile, this week’s biggest mover is crypto casino Rollblock (RBLK) and its record-breaking presale. Rollblock recently passed the $3 million mark as investors race to get in on one of 2024’s top altcoins before its ICO price explodes 100x higher.
Flagship Meme Coin Dogwifhat Hit by Slumping Activity on Solana Blockchain
Solana blockchain activity drying up this week means fewer investors trading its flagship meme coin, Dogwifhat. Dogwifhat initially exploded higher as the face of Solana’s new on-chain meme coin minting protocol. However, Dogwifhat has lost much of that initial momentum as the market has moved on from meme coins.
The Dogwifhat price is down to $1.50 after starting the week around $1.80. The Dogwifhat price has been trading sideways for months after steadily sliding from its all-time highs of almost $5.
Demand for Jupiter’s Defi Protocol Dries Up as Web3 Retreats
Jupiter’s DeFi protocol has also been hit hard by slumping activity on the Solana blockchain. Jupiter offers a suite of DeFi technology that allows Solana-based dApps to participate in the Web3 economy. With Solana’s ecosystem in retreat, the demand for Jupiter’s services is falling as well.
The Jupiter price is down to $0.73 from $0.88 at the start of the week. The Jupiter price touched $1.75 at the height of the 2024 rally but has experienced a succession of big drops down to its current range.
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Rollblock’s Crypto Innovations Stand Out Among Competitors
While Jupiter and Dogwifhat may be sliding on shifting sectoral demand in the growing bull market, Rollblock’s bet on GambleFi is paying off big. As the top altcoin in the GambleFi space. Rollblock is set to dominate the $500 billion global gambling industry by bringing blockchain technology to the stale online casino model.
Rollblock’s crypto innovations and focus on online gambling set it apart from its GambleFi competitors. The demand for online gambling is enormous, and all that is required is Rollblock’s suite of crypto innovations to unleash its full potential.
Instead of miles of red tape and expensive conversion fees, players can now access all the best games in the industry instantly from anywhere in the world. Rollblock’s players have 20 different cryptocurrencies to choose from, and Rollblock generously matches the first few deposits of new players with a range of different bonuses.
Rollblock also offers a steady stream of events and giveaways with awesome prizes on its huge social media ecosystem.
Rollblock’s biggest crypto innovation is its revenue sharing. Rollblock plugs up to 30% of daily revenue back into its tokens through open market RBLK buybacks. 50% of the tokens are burned, and the other 50% are given out as rewards for staking with the platform.
Rollblock’s current stage six price of $0.024 is expected to explode 100x out of its upcoming ICO.
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