The post Shiba Inu Coin Hype Fades As Rollblock Real World Utility Captures Investor Interest appeared first on Coinpedia Fintech News
For two years, the Shiba Inu coin was the standard by which all others would be measured, having delivered the highest yields ever seen in any asset class, let alone crypto. However, the Shiba Inu coin had a fatal flaw. It has nothing to back it up, and the token lost 85% of its value as tokens with real-world utility and DeFi options became much more sustainable. Investors are abandoning meme coins for tokens with inherent value, and this is why Rollblock has gained $11 million in liquidity.
Rollblock (RBLK): DeFi available on crypto casino
One of the problems with crypto is that in order to realise value, one needs to sell an asset. Fiat currency can grow, but crypto is fairly stagnant. At least, that was the case until DeFi came along. With decentralised finance, crypto could be borrowed and lent the same way as fiat, and the APY rewards on these tokens are often much higher than any bank can offer.
And now, Rollblock is bringing DeFi to the $500 billion online gambling sector. Rollblock is the world’s first play-to-earn casino built on the Ethereum blockchain and is serving over 7,000 games to a global audience.
There is currently a presale on the Rollblock RBLK token, the utility token driving the ecosystem of the Rollblock online casino. This is a great investment for three reasons. The first is that RBLK token holders will see massive gains in value once the presale ends and the coin lists on the open markets. The second is that Rollblock offers a passive income: Every week, Rollblock pays out a dividend of the income generated on the online casino. And thirdly, RBLK tokens can be staked in a DeFi system that will see Rollblock turn into even more Rollblock!
Rollblock is the token that keeps on giving and has gained immense popularity among YouTube and x.com crypto vloggers and commentators. With over 50,000 subscribers already, Rollblock is the standout investment of the year.
Source: YouTube
Shiba Inu (SHIB): Is the end near for the Shiba Inu Coin?
We need to give the Shiba Inu coin its due: it defined the meme coin era and is responsible for “the greatest trade”, where $8,000 turned into over 5 billion in 400 days. It would have been great if you had been into Shiba Inu in the very early days, but most investors in this coin are now at a dead loss.
Between February and October 2021, investing in Shiba was a wild ride, with profits of up to 100,000x in mere months. But by June 2022, Shiba Inu had lost 90% of its gains. Turns out a token with no inherent value cannot survive on hype alone. Many who sold at the Shiba Inu coin’s peak got away with millions, but sadly, millions more lost their shirts.
Source: Coingecko
The Shiba Inu coin has had “mini spikes” since the glory days of 2021, but it has never even clawed back to half its value it had. Investors are wary of meme coins, which is why utility tokens and DeFi are now ruling the cryptosphere while Shiba Inu looks on in fond remembrance of the days when it meant something.
Conclusion
Repeating the massive gains of the Shiba Inu coin would be hard to emulate, but so would its losses. Long-term sustainability always makes for much better investment strategies, and this is why investing in tokens like Rollblock, which pays a passive income and allows DeFi staking, would take a crypto portfolio higher than any meme coin can do. Rollblock is an obvious winner.
Rollblock is now available at $0.061 directly from their website.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
