DeFi Season Nears As Investors Jump Into Viral New Presale Abandoning Former Top Dogs DOGE, FLOKI, and WIF

Market analysts have noted a shifting investment strategy from buying short term gainers to holding tokens with long-term growth potential. As a result, meme coins

Market analysts have observed a shifting investment strategy from buying short term gainers to holding tokens with long-term growth potential. This has led to a slowdown in the demand for meme coins like Dogecoin (CRYPTO:DOGE), Dogwifhat (CRYPTO:WIF) and Floki Inu (CRYPTO:FLOKI).

As a result, these meme coins have barely maintained their prices over the last month.

Meanwhile, investors are showing a strong preference for innovative altcoins like Rollblock (CRYPTO:RBLK), a DeFi token that guarantees positive returns in 2024 and beyond.

Based on its current trading performance, analysts monitoring Rollblock’s ongoing presale have noted that the altcoin could surge by 100X in the next months.

Here's a closer look at the price movements of DOGE, FLOKI, WIF, and RBLK in the last week.

Dogecoin (CRYPTO:DOGE) Poised To Maintain A Bearish Trading Pattern After Falling Below The Resistance Level

Dogecoin encountered difficulties in breaking past the $0.1293 price point, quickly meeting bearish resistance. This has provided analysts with further insights into Dogecoin’s trading pattern.

They predict that Dogecoin’s failure to break this resistance could lead to a further price drop which could move Dogecoin (CRYPTO:DOGE) towards its previous $0.0914 price.

Investors worried about the impact of Dogecoin’s decline on their portfolio have started shifting their holdings into altcoins with greater utility. Should this sell-off continue, Dogecoin’s price could see further decline.

Floki (CRYPTO:FLOKI) Price Up Again After Last Week’s Trend on X

Floki (CRYPTO:FLOKI) is widely known for its strong marketing antics. This has allowed Floki Inu to attract thousands of investors since its launch in 2021.

As a meme coin influenced by social trends, investors holding Floki Inu saw a positive impact on their portfolio following a trend on X over the last week.

However, these investors didn’t realize just how significant this surge would become. Floki (CRYPTO:FLOKI) has soared by over 17% and is now trading at $0.0001798, .

However, due to its meme coin nature investors fear that Floki could face a steep correction.

Analyst Hints At Dogwifhat’s (CRYPTO:WIF) Upcoming Rally Despite 7% Drop In The Last Month

Dogwifhat’s investors have experienced multiple price fluctuations in the last month.

However, Dogwifhat’s (CRYPTO:WIF) price has climbed from $1.69 to $2.30 within the last 3 days. Based on the current price projection, analysts predict Dogwifhat could try to hit the $3 target.

If Dogwifhat surpasses this target, it could potentially rise to $6 before the end of 2024.

This is a crucial moment for Dogwifhat’s investors, who are still experiencing a downtrend. If Dogwifhat’s price drops below $1.482, it would negate the bullish outlook and maintain its bearish trend.

Rollblock (CRYPTO:RBLK) To Overtake Meme Coins As It Surpasses Presale Targets

One of Rollblock’s target in stage 4 of the presale was to raise $1 million.

However, with one final lap to go, Rollblock has already surpassed that target and the numbers keep climbing. This shows investors’ interests in Rollblock and its contribution to the crypto market.

Rollblock has been able to pull investors’ attention by laying out a well-detailed strategy for long-term success.

Rollblock is a GambleFi protocol that provides transparency and security to gamers placing bets online.

Using blockchain technology, Rollblock ensures that every bet cannot be changed after its been placed.

This builds players’ confidence, allowing them to place bigger bets while enjoying the gaming experience.

Rollblock also makes it easy for users to enter the casino. Unlike other iGaming platforms that require KYC verification, Rollblock only needs an email address or crypto wallet integration. Once in, players can start playing with over 20 major cryptocurrencies.

Rollblock uses its native $RBLK token to reward both players and investors. Players can stake their $RBLK for more rewards or withdraw them as other crypto tokens or fiat.

Token holders on the other hand receive a percentage of the casino’s daily profits from Rollblock’s revenue share system.

Up to 30% of the casino’s profits are used to repurchase and burn $RBLK from the open market to increase its value, while the remaining portion goes to token holders.

Based on the project’s tokenomics, there’s only 1 billion $RBLK in supply and 60% dedicated to the presale.

The above is the detailed content of DeFi Season Nears As Investors Jump Into Viral New Presale Abandoning Former Top Dogs DOGE, FLOKI, and WIF. For more information, please follow other related articles on the PHP Chinese website!