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Whales are Profiting from Solana Meme Coins to Accumulate Rollblock (RBLK) and Cosmos (ATOM) Utility Tokens
After the recent boom in meme coins, crypto whales are gaining ground. Many believe that meme coins could collapse following the Bitcoin halving. As a result, they use their profits to accumulate utility tokens such as Cosmos and Rollblock. These utility tokens have great potential to grow 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 provide greater flexibility and autonomy to the validator.
Over the past six months, Cosmos has seen strong performance. Its value more than doubled from $6.20 in October 2023 to $14.50 in March 2024. However, due to turbulent market conditions, Cosmos has seen a decline in prices over the past month.
Currently, Cosmos is down 26.6% and ATOM is trading at $8.07. This is Cosmos’ lowest price since October and has caused a significant drop in daily trading volume.
However, cryptocurrency experts believe that Cosmos is on track to recover. Over the past 24 hours, Cosmos’ daily trading volume increased by 1.9% and ATOM’s price fell by only 0.52%. This suggests that Cosmos may be on its way to recovery.
Expert forecasts suggest that Cosmos could recover to $10 after the Bitcoin 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 industry. Currently in pre-sale, the project focuses on applying DeFi technology to the $75 billion per year online gambling market. Its live digital casino currently showcases over 100 of the hottest casino games, from blackjack to slot machines, poker to roulette.
Rollblock will also introduce sports betting to the platform very soon, where users will be able to bet on a vast market of events such as NBA, NFL, football, tennis, Formula 1, boxing and much more.
Something that has really caught the attention of many investors is Rollblock revenue sharing model. Up to 30% of daily earnings will be shared with $RBLK holders. This will be done primarily by buying back and burning large amounts of $RBLK tokens from the open market, which could amount to millions of dollars worth of tokens burned each week. This would make the $RBLK token highly deflationary and increase scarcity in the cryptocurrency market. In addition to burning tokens, Rollblock will also use the tokens it purchases to offer some of the highest yielding staking rewards on the market, making it a true passive income powerhouse.
With this unique approach to online gambling and with an industry expected to be worth over $200 billion annually by 2030, analysts predict that 100x price increase by the end of 2024.
How high could the Rollblock go?
Rollblock ($RBLK) is currently on sale at the low price of $0.01 during the first phase of pre-sale. Almost 30% of tokens in Phase 1 are sold in the first 2 days. During each pre-sale phase, tokens will experience price increases, with the token set to rise 720% only in presale. Combined with the huge potential to disrupt the online gambling market, experts describe Rollblock as one of the biggest crypto opportunities in 2024.
Discover the exciting Rollblock (RBLK) presale opportunities today!
Website: https://prevendita.rollblock.io/
Social: https://linktr.ee/rollblockcasino
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