Elon Musk-Influenced Shiba Inu (SHIB) Moves 18% Higher, But Investors Eye Rollblock (RBLK) as a Better Alternative

Meme coins are known for their social media influence. Despite their lack of utility, meme coin prices can soar based on social media hype and events. That’s the story of Shiba Inu (SHIB), which has moved upward by about 18% in the past month.

Elon Musk’s recent tweets about Shiba Inu (SHIB) have had a positive impact on the meme coin's price, which has risen by about 18% in the past month.

On December 7, Musk shared an image of a dog looking over an entire city, which many investors interpreted as a reference to SHIB.

The meme coin's pseudonymous lead, Shytoshi Kusama, also reacted to Musk's post with a comment, "#SHIB," which further fueled speculation and buying interest in the token.

As a result, SHIB's price surged by about 40% in a single day, moving from around $0.000023 on December 6 to approximately $0.000033 on December 7.

According to some analysts, the token's price could continue to rise and potentially reach a new all-time high (ATH) in the coming weeks.

SHIB investors are also keeping an eye on Rollblock (RBLK), a new cryptocurrency that has raised over $7 million during its presale.

The RBLK token is designed to power the Rollblock casino ecosystem, serving various purposes such as incentivizing investors who qualify for the platform's revenue-sharing model.

These investors receive a portion of the casino's weekly profits, which are paid out in RBLK tokens.

The token is also used to reward VIP players for their loyalty and contributions to the gaming platform.

Additionally, it powers the Rollblock staking feature, enabling token holders to stake their assets for up to 30% APY.

These use cases and the project's strong performance during its presale make Rollblock a compelling alternative to meme coins like SHIB.