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Memecoins have rallied hard over the past twelve months, but many are now showing signs of slowing down and have pulled back significantly from the March highs. Investors in Dogecoin (DOGE) and Shiba Inu (SHIB) have given massive gains back to the market over the last quarter, and many will be wondering if now is the time to reallocate into newer, emerging narratives with more upside potential.
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Pepe ($PEPE) Sees Surge in Volume As Investors Reap Rewards
Pepe ($PEPE) has seen a monumental reversal over the last few days of trading as the frog-based meme coin on Ethereum has risen over 35% to reach $0.00001231. Market cap is currently sitting at an impressive $4.99 billion, which has sent Pepe up the rankings to number 22. Many PEPE watchers feel confident of an imminent break into the top 20, which would give a much needed boost to the ailing memecoin.
Pepe trading action has seen volume return in good measure, seeing more trading volume than rival memecoins like DOGE and SHIB put together. This signals great interest among retail and institutional investors alike. A run to the 2024 highs of $0.0000167 is a likely scenario for PEPE if bulls can continue to keep buying pressure high.
Dogecoin ($DOGE) Reaches the Range Highs
Dogecoin ($DOGE), the best known and oldest of crypto memecoins has recently reached the range highs of $0.12 and will likely break out of this range if the market remains bullish. Overhead resistance at the 50-day Simple Moving Average (around $0.14) may need several attempts to break, but DOGE has a long history of defying expectations and rallying hard when the market turns.
Another few tweets from Doge superfan Elon Musk will see price explode to the upside, and many Dogecoin bulls are holding out hope for news of an integration into the payment rails of the X platform. If this were to happen then all bets would be off for Doge.
Shiba Inu ($SHIB) Price Action Impresses Although Volatility May Return
Shiba Inu’s ($SHIB) price is up 15% in a week as the second largest dog themed memecoin has staged an epic rally. Shiba Inu has been working to build out the Shibarium ecosystem and Layer-2 chain, which is set to improve decentralization and scaling issues.
A reclaim of $0.000025 with good volume would signal that investors are once again taking an interest in SHIB, and all-time highs are surely a possibility in 2024. If Shiba Inu price takes a swing down then support should hold at $0.000013.
Rollblock ($RBLK) Price Heading Higher As Presale Gathers Pace
Rollblock ($RBLK) is being feted as the next big thing in crypto and it’s set to revolutionize the highly lucrative online gambling space.
Rollblock encrypts and inscribes all bets and financial transactions onto the immutable Ethereum chain, meaning that players can be certain that nobody will tamper with their bets once placed. Games on the platform are also provably fair and offer better odds than Rollblock’s competitors in the more traditional space, where players are largely kept in the dark.
Having recently passed audits from the teams at Solid Proof and Gaming Curacao, Rollblock are fully regulated and meet exacting industry standards.
Owning RBLK represents owning a stake in the success of the platform as Rollblock will be heading to the open market with a portion of their weekly profits to buy RBLK and burn them, and allocate staking rewards to loyal holders. Holders can earn attractive yield on their coins of up to a massive 30%, one of the highest passive income opportunities in crypto.
Stage 3 of the RBLK presale is sold out and investors are advised to move quickly in Stage 4 and secure a bag before price reaches escape velocity!
Experts are hinting at gains of 880% before the end of presale, so the time to research is now.
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