Whales Are Taking Profit On Solana Meme Coins To Accumulate Utility Tokens Rollblock (RBLK) and Cosmos (ATOM)
After the recent meme coin boom, crypto whales are cashing out. Many believe that meme coins could crash following Bitcoin’s halving. As a result, they’re using their profits to accumulate utility tokens such as Cosmos and Rollblock. These utility tokens have great potential to soar in 2024. Here’s why.
Cosmos Approves Proposal 897
The Cosmos Hub recently approved proposal 897. This is a huge milestone for the utility coin, and will implement a new security measure into the Cosmos ecosystem. Known as ICS 2.0: Partial Set Security, this update will offer greater validator flexibility and autonomy.
Over the last six months, Cosmos has experienced a strong performance. Its value more than doubled, increasing from $6.20 in October 2023 to $14.50 in March 2024. However, due to turbulent market conditions, Cosmos has experienced price declines over the last month.
Presently, Cosmos is down by 26.6%, and ATOM is trading at $8.07. This is Cosmos’ lowest price since October and has caused a significant decline in daily trading volume.
Nonetheless, crypto experts believe that Cosmos is on track to recover. Over the last 24 hours, Cosmos’ daily trading volume increased by 1.9%, and the price of ATOM dropped by just 0.52%. This suggests that Cosmos could be on track to bounce back.
Expert predictions suggest that Cosmos could recover to $10 after Bitcoin’s halving. As a result, many crypto whales are doubling down on their Cosmos portfolio to maximize their potential returns.
Why Are Crypto Whales Selling Meme Coins For Rollblock?
Rollblock is quickly becoming one of the hottest new utility tokens in the space. Currently in its presale, the project focuses on applying DeFi technology to the $75 billion a year online gambling market. Its digital casino, which is already live, currently showcases over 100 of the hottest casino games from blackjack to slot machines to poker and roulette.
Rollblock will also be introducing sports betting to the platform very soon, where users will be able to bet across a huge market of events like NBA, NFL, Soccer, Tennis, Formula 1, Boxing and much more.
Something that has really caught the eye of many investors is Rollblock’s revenue sharing model. Up to 30% of the daily revenue will be shared with $RBLK holders. This will be done firstly by Rollblock buying back and burning large amounts of $RBLK tokens from the open market – which could amount to millions of dollars worth of tokens burnt each and every week. This would make the $RBLK token highly deflationary and increase scarcity across the crypto market. As well as burning tokens, Rollblock will also use the tokens it purchases to offer some of the highest yield staking rewards on the market, making it a true passive income powerhouse.
With this unique approach to online gambling and with the industry expected to be worth over $200 billion a year by 2030, analysts are predicting over a 100x price increase by the end of 2024.
How High Could Rollblock Go?
Rollblock ($RBLK) is currently on sale at the low price of $0.01 during phase one of its presale. With nearly 30% of tokens in Stage 1 being sold in the first 2 days. Throughout each presale stage, tokens will experience price increases, with the token set to surge 720% in the presale alone. Combined with huge potential to disrupt the online gambling market, experts are describing Rollblock as one of the biggest crypto opportunities in 2024.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
