Shiba Inu Update: Newest Crypto Innovation Leaves Meme Coins Struggling To Compete

Monicah W

rollblock

The post Shiba Inu Update: Newest Crypto Innovation Leaves Meme Coins Struggling To Compete appeared first on Coinpedia Fintech News

The Shiba Inu price prediction isn’t what it used to be. Meme coins have fallen from favor, and Shiba Inu has seen its market cap plummet in the past three months from nearly $20 billion to a whisker above 7 billion. This is bad news for meme coins but great news for other cryptos, as innovative tokens with real-world applications are starting to take over. In that regard, Rollblock has acquired almost $11 million in liquidity, a sterling start to a coin with the potential of a massive market cap. 

Rollblock (RBLK): New GambleFi viral hit outshines meme coin market

Everyone wants to go viral, and one has to tip a hat to Rollblock, a new GambleFi token that has done just that. It is trending on X and getting covered on YouTube, and it has gained over $10.8 million in liquidity thus far.

Source: YouTube

Rollblock is a new online gambling platform ushering in a new era of online gaming. Built on the Ethereum blockchain, giving this online casino unparalleled transparency and security, the Rollblock play-to-earn platform is an absolute game changer. Anything from traditional casino games to bespoke Web3 games of skill and chance to live sports betting on many events held across the planet, Rollblock offers over 7,000 games to its global audience.

And now, to raise liquidity, Rollblock is holding a presale of its RBLK token. If investing in the $540 billion online gambling sector is not reason enough to get behind Rollblock, it is sweetening the deal with a weekly dividend. All token holders will get a share of the income generated by the online casino every week! And what’s more, RBLK tokens can even be staked for massive APY rewards.  

Fifty thousand investors have already thrown their weight behind Rollblock, and the future of this new GambleFi token looks incredibly bright. Presales have a habit of returning results of 10x and even 100x. Considering Rollblock’s product offering and passive income, 10x is definitely on the cards, and 100x may be a conservative estimate. This token has the potential to become a top-20 token by market cap and could outshine even Shiba Inu in that regard. 

Shiba Inu (SHIB): Shiba Inu price prediction quadruples, but then what?

The Shiba Inu price prediction used to be exceptionally bullish, but market trends have proven that meme coins have fallen out of vogue. The novelty has worn off, and the end of the road is near. Looking at Coincodex, there’s still some hope left for Shiba Inu, as the meme coin is predicted to return almost 4x this year, and that is great, isn’t it?

But the same Shiba Inu price prediction has the token dropping to present levels by the end of the year. There is no getting away from it: the Shiba Inu market cap took a hit. While the market cap fell 65% in the past three months, which is bad enough, the bigger picture is even more disheartening. The Shiba Inu market cap peaked at over $42 billion in 2021, and its current measure of $7.6 billion is 82% below peak levels. These are not the signs of a coin in good health. 

Source: coingecko

But this extends beyond Shiba Inu and into the meme coin market as a whole. Memes just are not cool anymore. Fortunately, the rest of the crypto market is in great shape, and coins like Rollblock can take the industry forward. 

Conclusion

Investors are forced to look elsewhere as the meme coin market cap plummets like a stone, taking tokens like Shiba Inu with it. Fortunately, Rollblock is offering a great way to ensure both short-term gains and long-term sustainability with its RBLK utility token. 

Rollblock is now available at $0.061 directly from the website. 

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/Socials: https://linktr.ee/rollblockcasino

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Elizabeth Warren Warns Stock Market Will Crash If Trump Fires Powell, Will Crypto Market Crash Too?

Elizabeth Warren Warns Stocks Will Crash If Trump Fires Powell, Will Crypto Market Crash Too?

Senator Elizabeth Warren has sounded a warning to US President Donald Trump about firing Fed Chair Jerome Powell. The Senator believes such action will crash the stock market, while it is also possible that the crypto market could follow suit.

Elizabeth Warren Says Trump Firing Powell Will Crash Stock Market

In a CNBC interview, Senator Warren, a member of the Banking Committee, stated that the stock market would crash if US President Donald Trump were to fire Fed Chair Jerome Powell. She explained that the Fed’s supposed independence is the infrastructure that keeps the market strong.

As such, if Trump were able to fire Powell, this would erode the US Central Bank’s independence and send a message to market participants that politics can influence the Fed’s economic decisions, which is bearish for the markets.

Warren’s warning is significant because the crypto market could also follow suit if the stock market were to crash following Powell’s termination. IntoTheBlock data shows that the Bitcoin price has a 0.63 correlation with the S&P 500, indicating a strong positive correlation between BTC and stocks.

Therefore, crypto assets, led by Bitcoin, could witness another crash alongside the stock market if Trump fires Powell. The US president has hinted over the past few weeks that he is looking forward to the Fed Chair’s departure. However, traders are betting against Trump firing Powell this year.

Other Reasons To Still Be Bullish

While discussions grow on whether Trump will fire Powell or not, there are still other reasons to be bullish on the Bitcoin price and the broader crypto market. As CoinGape reported, the US president recently signaled a potential end to the US-China trade war, which is bullish for the market, seeing the negative impact tariffs have had so far.

Meanwhile, the US continues to push for a ceasefire in the Russia-Ukraine war. Although it seems no progress has been made so far, Trump’s insistence could eventually pay dividends with Putin and Zelensky reaching an agreement.

From a technical analysis perspective, crypto analyst Titan of Crypto also suggested that BTC and altcoins may have bottomed out. He noted that BTC is holding well at a key support, while some are already calling it “dead”.

crypto market

His accompanying chart indicated that BTC could soon reclaim the $100,000 price level. The broader crypto market is expected to rebound alongside the flagship crypto if this happens.

The post Elizabeth Warren Warns Stock Market Will Crash If Trump Fires Powell, Will Crypto Market Crash Too? appeared first on CoinGape.

Can Pi Network Jump to $100 if the SEC Approves a Spot Pi Coin ETF?

Pi Network

The Pi Network price continues to rise in a high-volume environment, beating other popular cryptocurrencies. This surge has coincided with the ongoing adoption and the rising optimism that it will soon be listed on Binance. As a Made in USA crypto, there are some signs that the SEC will approve a Pi coin ETF, a move that would push its price higher.

How High Can Pi Network Price if SEC Approves Pi ETF?

The SEC, under Donald Trump, has become more friendly to the crypto industry. It has already ended major lawsuits on companies like Uniswap, Coinbase, and Gemini. 

There are also hopes that the SEC will start approving various crypto ETFs. The most notable ones are Solana, XRP, and Litecoin.

Pi Network has some qualities that would make one of the big financial services companies to apply for a spot ETF. It is a large crypto with a market cap of $13.6 billion and a fully diluted valuation of $195 billion. This makes it bigger than other ETF candidates like Litecoin and Hedera. It is also a Made in USA coin, which Trump is focusing on.

Further, Pi Network cannot be classified as a security since it is a proof of work coin like Litecoin and Bitcoin. As such, Pi cannot be accused of being a security since the developers never had a token sale.  These features also mean that the Pi Network may be added into Trump’s crypto reserve.

A Pi Network ETF would likely be a good catalyst for the coin as others have done. For example, the XRP and LTC prices rose as ETF approval odds rose. 

Pi Network Price Analysis: Can it Surge to $100?

The value of Pi coin was at $1.97 on Wednesday, meaning that it needs to rise by almost 5,000% from the current level. Such big moves are possible in the crypto industry. For example, Mantra price has jumped by almost 30,000% since December 2023. As such, a Pi coin ETF would be a validation and help to quell concerns that Pi Network was a scam. 

Pi Network price has some solid technicals as it has just formed a falling wedge pattern on the hourly chart. A falling wedge often leads to a bullish reversal, which explains why it has risen to the highest point since March 2. Pi also wants to flip the key resistance level at $1.96, the highest level on March 3.

Therefore, the Pi coin token will likely continue rising as buyers target the key level at $3.01. Such a rally would be a 52% surge from the current level. More gains, potentially to $5 will be confirmed if it rises above that price.

Pi Network price
Pi Network price chart

A drop below the support at $1.5177, its March 2 low, will invalidate the short-term bullish view. Such a move will point to further downside, potentially to the next key support at $1

The post Can Pi Network Jump to $100 if the SEC Approves a Spot Pi Coin ETF? appeared first on CoinGape.