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Memecoins Lose Popularity While Utility Tokens Gain Ground

Sep 16, 2024
  1. Tron’s Meme Token Decline
  2. Solana Meme Tokens Slump
  3. GambleFi Utility Token Rollblock Soars

As the memecoin season fades, utility tokens are taking center stage, demonstrating sustainable growth and real-world value. One such promising utility token is Rollblock, which has risen by 160% in just weeks.

Tron’s Meme Token Decline

This year, Justin Sun embracing the meme culture on the Tron platform was a significant highlight. Initially, the DeFi network soared to new heights before losing investors’ interest. Tron’s TRX, which once surged by 24.8%, has now fallen 9.5% from its peak. Despite social media buzz around Tron-based meme tokens like Sundog and Muncat, the overall interest continues to wane.

Solana Meme Tokens Slump

Solana meme tokens also saw a spectacular run this year. SPL meme coins BONK and WIF helped the Solana token (SOL) recover from the lows of 2023. However, the recent 30% decline in Solana has affected meme tokens significantly. Despite consistent accumulation at the $125 support level, the SOL token struggles to break the $140 resistance. The decline in Pump.fun user activities and Solana’s total locked value (TVL) points to waning interest as investors shift towards promising utility tokens.

GambleFi Utility Token Rollblock Soars

As Tron and Solana meme tokens continue to falter, utility tokens are dominating the bullish crypto narrative. The meme token season seems far from over, but Rollblock’s ingenuity has gained traction quickly. The GambleFi protocol’s blockchain-based casino offers a fair and transparent gaming experience, earning investor trust. Rollblock provides over 7,000 slots, table games, sports betting, and web3 classics, along with passive income opportunities through cashback and staking.

The memecoin season is giving way to utility tokens that offer real value and sustainable growth. Rollblock exemplifies this transition, showing significant growth and capturing investor attention.

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