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Shiba Inu Set for Rebound After Downturn

Aug 22, 2024
  1. Shiba Inu Set to Lead Meme Coin Rebound
  2. Ethereum Classic Struggles Post-Rally
  3. Rollblock Attracts Attention from ETC Holders

Analysts claim that Shiba Inu (SHIB) is on the path to recovery following a recent downturn. This article examines the current state of the cryptocurrency market, focusing on Shiba Inu, Ethereum Classic (ETC), and the new player Rollblock (RBLK).

Shiba Inu Set to Lead Meme Coin Rebound

Investors are largely moving on from meme coins, but Shiba Inu remains one of the top tokens that will be part of any meme coin rebound. Shiba Inu maintains strong name recognition and good community engagement, so analysts expect Shiba Inu to lead the pack on any fresh meme coin inflows. The Shiba Inu price was one of the best performers of the 2024 meme coin rally, with over 50x growth. However, the Shiba Inu price has since given up more than 50% of those gains.

Ethereum Classic Struggles Post-Rally

Ethereum Classic continues to languish as its more popular fork Ethereum goes from win to win. Ethereum is now the largest utility ecosystem with a steady rate of upgrades, which shows that users moved on from Ethereum Classic for a reason. The Ethereum Classic price rose almost 100% alongside the rest of the market rally in 2024. However, the Ethereum Classic price has since given back almost all of those gains, which shows that it was merely along for the ride.

Rollblock Attracts Attention from ETC Holders

Ethereum Classic holders who do not want to miss out on the next bull market are hedging their bets with GambleFi's top altcoin, Rollblock. Analysts expect this next-generation crypto casino to grow at least 100x in 2024 as it dominates the $450 billion global gambling industry. Online gambling remains largely untouched by the enormous potential of blockchain technology. Most online casinos are boring, lonely, and gated behind cumbersome KYC regulations and expensive currency conversions. Rollblock has changed all of that by offering users access to more than 150 of the industry's best games from anywhere and supporting more than twenty different currencies and tokens. Rollblock's interface uses the latest in UX design to make it feel like a real, live casino. Rollblock also promotes a sense of community and excitement with their huge social media presence and regular events and giveaways. Rollblock's recent Paris Olympics event was a massive hit, breaking player growth records for two consecutive weeks.

Thus, despite Ethereum Classic's current struggles, investors are finding promising opportunities in other projects like Rollblock. Shiba Inu remains one of the leaders in the meme coin sector, and a possible price rebound could attract new investments to this sector.

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