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Top Meme Coins Continue Steadily Declining Despite a Market Rebound After August's Bleed-of

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2024-08-19 18:38:21579browse

It saw the likes of Dogwifhat (WIF) and Bonk (BONK) register double-digit losses. In the last 30 days, BONK has shed over 36% of its previous value

Top Meme Coins Continue Steadily Declining Despite a Market Rebound After August's Bleed-of

Top meme coins, such as Dogwifhat (WIF) and Bonk (BONK), have continued to register double-digit losses despite a market rebound following August’s bleed-off.

Over the last 30 days, BONK’s price has dropped by over 36%. At the same time, WIF’s price has also declined by about 27%.

While top meme coins continue to plummet, a new trending crypto casino called Rollblock is taking center stage. Since the start of Rollblock’s presale, its RBLK token has rallied over 100%. Early bird investors have raised over $2.1 million for the presale, currently in its 5th stage. Analysts have tipped RBLK to gain further by over 800% before its presale closes.

Dogwifhat’s decline has seen its holders incur several double-digit losses to their holdings, with some days registering drops as sharp as 12%. Last month, WIF shed 36% of its previous gains. However, holders are yet to recover from a 70% drop from WIF’s all-time high five months ago.

It remains to be seen whether the meme coin craze that saw WIF rally over 90,000% will make a comeback. For now, even Dogwifhat’s futures contracts are on a decline despite WIF’s recent rebound towards the $2 mark.

BONK holders are seeking out greener pastures after BONK’s price plummeted over 36% in the last 30 days, signaling a start to the meme coin’s bearish trajectory.

After taking center stage as one of the top trending crypto coins with gains as high as 20,000%, BONK’s holders are now bearish, with only 56% of them remaining optimistic about a possible bull run.

BONK’s previous ascent was fuelled by the market-wide hype about meme coins. As one of the first meme coins on Solana, BONK enjoyed hypermarket activity, boosting its market cap to a whopping $1.2 billion.

At its current price, BONK is down 60% from its all-time high despite a recent rebound driven by a 74% token burn on Bonk’s circulation.

Rollblock is the latest trending crypto project, outshining even the best-performing top meme coins. At its core, Rollblock is the world’s first community-backed crypto casino with a focus on nurturing a growing community through enticing features such as Rollblock’s revenue share model.

With Rollblock’s casino, players not only enjoy the convenience of crypto but also get a stake in the casino’s daily and weekly profits.

Players and RBLK holders will earn rewards and bonuses thanks to Rollblock’s revenue share model. In addition, Rollblock’s crypto casino also comes with easy access as there is no KYC.

Even so, safety remains a top priority as each transaction is secured by Ethereum’s blockchain. Already, RBLK has rallied over 100% since its presale starting price.

And thanks to Rollblock’s focus on the growing online gambling niche valued at over $540 billion, analysts predict a windfall for RBLK investors once it launches on major exchanges.

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