Shiba Inu price has also seen a slight resurgence courtesy of the soaring burn rate. Sadly, RBLK and SHIB‘s good fortunes weren’t repeated on FLOKI.
Shiba Inu price saw a slight resurgence, thanks to the soaring burn rate, while Rollblock (RBLK) continues to attract substantial whale crypto transactions due to its deflationary design and unmatched revenue share benefits.
However, SHIB’s “killer” FLOKI remained in a 9-week bearish run.
Shiba Inu price rebounds over 30%
The recent crypto market crash brought Shiba Inu price to touch the monthly support at the $0.00001 level.
However, SHIB managed to stage a more than 30% rebound by mid-August, rising to reach the $0.000014 daily resistance.
This occurred amid a rapidly increasing SHIB burn rate.
The SHIB team has burned 41% of the total supply to date, removing over 410.7 trillion SHIB tokens from circulation, leaving the network with 583 trillion SHIB.
The development sparked renewed interest and engagement, leading to large SHIB crypto transactions as daily active addresses surged.
It remained to be seen whether Shiba Inu price would be able to sustain its recovery and finally break out of a nearly 5-month bearish spell.
FLOKI battles bearish crypto transactions for weeks
After hitting an ATH of $0.000349 in June, FLOKI has been battling a bearish momentum that has persisted for the past nine weeks.
The crypto market crash on August 5 saw FLOKI struggling to find footing, dropping it to the $0.000095 level.
While FLOKI attempted a rebound, it faced sharp rejection at the $0.00014 level.
According to Binance data, FLOKI was down over 42% in the past 90 days, with its woes being further compounded by a nearly 34% monthly squash.
Currently, FLOK was trading at the $0.00011 zone, which was more than 68% below its ATH.
FLOKI continued to experience low-beat crypto transactions on Aug. 15, with its trading volume dipping nearly 8%.
Rollblock (RBLK) records a spike in whale crypto transactions
Whale activity was reaching a fever pitch in the Rollblock’s crypto presale.
Currently in presale stage 5, this GambleFi crypto has attracted nearly 10,000 prospective investors, pouring in over $2.1 million in liquidity.
This has pushed the RBLK price to $0.0205, a more than 100% surge from the $0.01 entry price.
The Rollblock revenue share benefits and growth trajectory were its top bullish factors.
Rollblock pays a weekly dividend to token holders from a portion of its weekly gross gaming revenue. A generous staking program is also in place, rewarding investors with up to 30% APY.
However, it is RBLK’s deflationary structure that is the killer draw.
The RBLK token is capped at a billion. A weekly token burn program further depletes the token supply, boosting its value over time.
These solid fundamentals are topped with Rollblock’s market potential.
The gambling industry is tipped to cross $744 billion in the next few years. Even with a small segment of this gambling empire, Rollblock could roll into a multi-billion iGaming platform, pushing RBLK price to new heights.
Crypto analysts are predicting RBLK to surge 880% in presale, and blast past 100x on launch.
Early investors have already locked in an impressive 2x as Shiba Inu price and FLOKI scramble for a recovery.
Secure your RBLK bag at the current bargain price of $0.0205 before it explodes!
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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