"NYSE Eyes Grayscale's Spot Doge ETF, Rollblock Races Ahead"
The New York Stock Exchange (NYSE) has submitted an application to list and trade Grayscale's Spot Dogecoin (DOGE) Exchange-Traded Funds (ETFs), signaling a potential boost for the memecoin's mainstream acceptance. Meanwhile, Rollblock (RBLK), a GameFi project, is anticipated to deliver significant returns by 2025, driven by its innovative approach to gaming security and growing investor interest.
Despite recent price declines, Dogecoin investors remain optimistic about the memecoin's prospects. They are betting on the influence of Elon Musk and the potential approval of a Grayscale Spot Doge ETF to drive the price towards the $1 milestone. However, some analysts believe that Rollblock could reach $1 first, taking the spotlight from Dogecoin. The GameFi project has already surged 420%, fueled by strong market performance and growing investor interest.
Rollblock, currently priced at $0.053, continues to gain momentum as more investors recognize its potential in the $450 billion gaming industry. The platform has celebrated a $10 million milestone in its presale, attracting both players and investors. Rollblock's success can be attributed to its focus on security and trust, providing an extensive library of 7,000 games fully integrated on-chain, and operating under a comprehensive e-gaming license from the Anjouan Gaming Authority.
Central to Rollblock's ecosystem is RBLK, the native utility token. Apart from its roles in staking, governance, and transaction fees, RBLK introduces a revenue-sharing model, allowing investors to earn passive income alongside potential capital gains. Up to 30% of Rollblock's revenue is allocated to repurchase RBLK from the open market, creating a deflationary effect and offering some of the industry's highest APYs through staking rewards.
Dogecoin, on the other hand, is facing challenges in gaining traction, having decreased by 2% in the last 24 hours to $0.24, with trading volume declining 36% to $1.65 billion. Despite a significant $370,000 purchase by Neptune Digital Assets, Dogecoin's technical indicators remain pessimistic. The Ichimoku Cloud and EMA structures suggest ongoing downward risks unless Dogecoin surpasses critical resistance points.
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