Can Dogecoin Price Hit $1 as Meme Coin Fans Shift Focus to Utility Tokens?

Meme coins are one of the market’s biggest gainers following the recent bull run. Top meme tokens like Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), and Pepe (PEPE) have experienced new highs. However, DOGE remains the largest meme coin by market cap. The Dogecoin price has surged by almost 170% in the past month, causing optimistic predictions of it reaching $1. 

Some experts believe the recent bullish trend will drive the DOGE price to $1 for the first time if it can sustain the market momentum. However, $1 seems out of this world, considering the current Dogecoin price is around $0.47. In other news, the Rollblock presale has raised over $5.6 million, and the utility token is attracting investors. Let’s find out more. 

Dogecoin soars after Elon Musk’s DOGE appointment 

A couple of days after his election as the 47th US President, Donald Trump announced the appointment of Elon Musk as a co-lead for his administration’s Department of Government Efficiency (DOGE). Considering Musk’s social status in the crypto market and affiliation with Dogecoin, the market quickly reacted to the news. 

The bullish reaction has caused the DOGE price to increase by nearly 240% in the past month, reaching $0.47. The strong trend highlights investors’ optimism amid predictions that Dogecoin could reach $1 and become one of the top five cryptocurrencies by market cap. However, considering its meme coin status, the likelihood of DOGE reaching $1 seems bleak. 

Investors shift to utility tokens as meme coin alternatives 

Though meme coins can experience sudden price surges and accumulate large profits, they are very risky because their values are largely dependent on social media hype. 

As a result, investors seek utility tokens with real use cases and solid projects as alternatives to meme coins like DOGE. These tokens are a part of solid crypto projects with clear roadmaps of their goals. 

These tokens also serve various purposes, including fee payments, ecosystem governance, trading, and investing. 

Rollblock is set to outperform DOGE in the long term 

Despite its recent growth, Dogecoin is a speculative asset with no actual use case to boost its demand or development. Moreover, the meme token faces stiff competition from other popular coins like SHIB, PEPE, and BONK. So, it’s more likely that projects with underlying use cases will reach $1 before DOGE. That’s why investors are opting for utility tokens like Rollblock. 

Rollblock is a new online casino token that has been causing waves with its presale. The Rollblock presale has already raised over $5.6 million, indicating its massive whale accumulation. The token serves as the casino’s reward asset, ensuring players and investors remain motivated. 

One of its exciting use cases is the revenue-sharing system that it powers. Token holders get RBLK tokens as an incentive through a share of the site’s weekly profits. They can also stake their assets for up to 30% APY. Playing casino games is also seamless when using the GambleFi token as a wager. 

Conclusion

While there is an optimistic Dogecoin price prediction of $1, Rollblock is better positioned for such heights due to its use cases and long-term developments. The Rollblock presale is in stage 8, with the token priced at $0.036. Interested investors can lock in some coins before the Rollblock price increases in the subsequent stages. Also be sure to use the 50% bonus offer currently available on Rollblock tokens. 

Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino