During the first week of July, most memecoins experienced a significant decline. Now, half-way through the month, things are starting to look more optimistic for popular tokens like Andy (ANDY), Pepe (PEPE), and Brett (BRETT).
However, investors are still shifting their focus from established memecoins like PEPE and BRETT to the emerging GambleFi market. Rollblock (RBLK) is an emerging crypto-backed casino, and it appears to be snatching all investor interest away from the memecoin market.
New Memecoin Andy (ANDY) Struggles to Follow Pepe’s Success Trajectory
Andy (ANDY) is marketing itself as Pepe’s best friend. While Andy’s debut is still recent, the market has responded favorably. The memecoin is currently trading at $0.0001549, enjoying significant intra-day surges, and attracting strong investor interest.
However, it is still too soon to say if Andy is going to be a success. The memecoin’s trading price has been in the red zone throughout the past month with a 10.4% monthly decline, making analysts question Andy’s future in the market.
Pepe (PEPE) Faces a Bullish Trend After Recent Rally
Pepe’s value steadily declined for two months before the recent rally on July 14. Seeing this, analysts predicted that the memecoin has potential to extend gains and enjoy a further 14% surge. However, despite the recent rally, there has already been an intra-day decline of 0.88%, bringing Pepe’s price down to $0.00001152.
These trends are making analysts and holders doubt Pepe’s positive momentum. Although analysts had strong faith in the memecoin’s technical indicators, there appears to be an incoming bear run. If profit-taking continues, then Pepe may face further decline in the next few weeks.
Brett (BRETT) is Preparing for a Bearish Market Ahead
Brett (BRETT) has faced significant price fluctuations lately. While the memecoin was once predicted to be a strong contender amongst Q3’s top gainers, Brett’s price has now fallen to $0.1235.
Some analysts are positive about Brett’s chance to break the $0.15 resistance due to rising demand, but others are more concerned about the $0.08 support. With intra-day declines and steep reductions in market cap, Brett might have to brace itself for a bear run soon.
Rollblock (RBLK) is Ahead of the Game: Will the Crypto Casino Take All the Bets?
Memecoins like ANDY, PEPE, and BRETT are showing little potential in the short-term. However, Rollblock, a new Ethereum-based crypto casino, is quickly gaining investor interest.Â
Rollblock’s GambleFi protocol is based on the idea that online gaming should be secure and fair. All transactions are recorded on the blockchain, bets cannot be changed once placed, and the entire experience is transparent.
Plus, the main reason why Rollblock is creating significant buzz in the market is the anonymity it offers. In an effort to enhance user experience, Rollblock does have a KYC policy. This means users can simply sign up with their email, deposit a cryptocurrency, and play hundreds of games with huge payouts.
These lucrative opportunities are supported by Rollblock’s revenue share model. The project allocates up to 30% of its revenue to buying back $RBLK from the open market. Half of the tokens it buys are burned, creating a deflationary effect due to Rollblock’s fixed token supply. The remaining half are then shared with $RBLK stakers.
Compared to volatile memecoins, Rollblock is trading at a highly competitive price of $0.017 in stage 4 of its presale. Analysts are predicting a bright future for Rollblock, including a 100x rally by the end of Q3.
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