Dogecoin (DOGE) and Cardano (ADA) are both closing out 2024 with massive moonshot rallies. However, analysts have noted that many whales are diversifying out of these top altcoins and into ERC20 tokens set to soar. Rollblock’s (RBLK) crypto presale is particularly popular for whales with fresh cash to spend. Some estimates have this protocol rallying up to 100x higher when its tokens hit the open market.
Dogecoin Swept Up in Trump Victory With Meme Coin Rally
The blistering rally in the Dogecoin price really took off on the evening of Donald Trump’s election victory. This ‘Trump Bump’ accounts for most of Dogecoin’s 300% rally over the last two months.
However, whales are starting to cash in and move on now that this Dogecoin price rally has stalled around $0.40. Meme coins like Dogecoin are quick to reverse their rapid gains. Therefore, many whales are calling the top on Dogecoin now, with no further catalysts for growth in sight.
Cardano Struggles for Edge in Layer 1 Blockchain Market
The Cardano price has also started to flatten out at around the $1 milestone. This is after a staggering 200% rally for Cardano in the last three weeks alone.
Cardano has been consistently pushing the frontier of blockchain technology forward as it tries to stay ahead in the highly competitive market for Layer 1 blockchains. This Cardano price rally began with the Chang upgrade to governance and has continued with the latest Midnight DeFi upgrade.
However, many whales are using this pause in the rally as a profit-taking opportunity because it is unlikely that Cardano can maintain this level of innovation.
Rollblock Tops ERC20 Destinations for Diversifying Whales
Veteran whale investors know that top altcoins have big returns at the start of the market cycle before more muted returns as the cycle goes on. That is why many whales are diversifying from Dogecoin and Cardano into small capitalization ERC20 tokens set to soar.
Rollblock’s crypto presale is the top destination for these whales thanks to the incredible opportunity presented by the global industry. This industry generates over $500 billion in revenue each year, and a growing share of this market is up for grabs as it increasingly migrates online.
Rollblock is in the best position to capture this enormous revenue potential thanks to its highly successful platform. This platform already boasts thousands of users playing over 7,000 games.
Rollblock is also in the process of expanding on this platform with highly anticipated blockchain sports offering.
However, Rollblock’s growth estimates of 100x or more are the product of how it turns this revenue into token value through a system of weekly buybacks. These buybacks are first purchased using a portion of the platform’s revenue, and then they are either burned to create deflation or used as staking rewards.
Analysts note that Rollblock’s stage eight price of $0.037 will not last long with its 50% bonus token event active. They also note the crypto presale itself is set to conclude soon, with only a few more stages after this eighth stage is complete.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
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