Shiba Inu (SHIB) and Polkadot (DOT) Could Face Stiff Competition from a New Altcoin Poised To Capture a Huge Share of $450B Industry
The post Shiba Inu (SHIB) and Polkadot (DOT) Could Face Stiff Competition from a New Altcoin Poised To Capture a Huge Share of $450B Industry appeared on BitcoinEthereumNews.com.
Groundbreaking concepts and innovation have always found their way to the top of the crypto sphere. Four years ago, it was Polkadot’s interoperability dream with a meta protocol and Shiba Inu’s community-driven lightheadedness approach. But their shine is dimming with new altcoins like Rollblock taking the spotlight. The new GambleFi protocol has raised the dust with its innovative approach to capturing a huge share of the $450 billion gambling industry. Rollblock’s presale has pulled in millions of dollars as analysts forecast it’ll still go 100x. SHIB burn portal launch: Shiba Inu price downfall ease to 24% Shiba Inu has made headlines again after launching its super-efficient burn portal, ShibTorch. The new ShibTorch portal’s launch was met with so much anticipation that it shot up the burn rate of Shiba Inu. But it’s a double-edged sword! The aftermath is barely noticeable on the Shiba Inu price, but it has made a moderate recovery from its $0.00001 August 5 low to $0.000013. Month-on-month change still stands at a red 24% as Open Interest and whale accumulation decline. Polkadot price precarious position: Can DOT regain investors’ confidence? Polkadot has always been that beacon of innovation many projects looked up to for its ingenious focus on interoperability and scalability. However, growing technological and blockchain advancement has almost cast Polkadot’s L0 metaprotocol aside. Unfortunately, market uncertainty continues to beat the Polkadot price down this year. The downward spiral started when on-chain metrics failed, revealing that Polkadot has stagnated as Open Interest and active development declined. This month alone, Polkadot’s price lost 28% after the DOT community expressed concerns over governance and the token’s direction. New altcoin, Rollblock, outshadows Shiba Inu and Polkadot prices with record-breaking presale gains. Shiba Inu and Polkadot made stalwart entries. But the crypto market and its ever-evolving status have shifted from…
Filed under: News - @ August 22, 2024 7:15 am