Dogecoin: Is The Meme Coin Hype Fading As Utility Projects Take Center Stage?

March 6, 2025 by Vaigha Varghese

Dogecoin has taken a serious hit as crypto whales migrate to crypto projects that offer real-world utility. The Dogecoin market cap has collapsed to $28 billion, a serious drop from December last year when DOGE reached a valuation of more than $50 billion!

As the meme coin hype dies, the digital gold rush is headed toward Rollblock (RBLK), a new utility token in the iGaming market that offers incredible revenue sharing benefits. Here’s why analysts believe RBLK is the best crypto to buy ahead of DOGE.

Rollblock (RBLK) pays passive income to investors

Source: Rollblock Website

This Ethereum-based GambleFi project has delivered a mouthwatering 6x return to early bagholders as it sails through stage 10 of its presale. Yet, crypto pundits expect the RBLK to deliver another 380% upsurge before hitting its $20 million hard cap, and possibly pull a 50x multiplier once it debuts in the free market this year.

Rollblock’s generous revenue sharing model is the key factor spurring analysts to handpick it as the best crypto to buy. This emerging iGaming titan commits to redistributing a share of its weekly gaming revenue to investors. RBLK holders will earn up to 30% APY in passive income for providing liquidity in the platform’s gaming ecosystem.

Additionally, a portion of the funds is assigned for regular token buyback and burn events, slowly lowering the 1 billion RBLK supply over time. That makes RBLK a deflationary asset whose market value and price always go up.

These growth-focused features are crowned with Rollblock’s disruptive potential in the $540 billion gambling industry. Revolutionizing this massive empire with novel AI, crypto, and copy betting strategies positions this casino protocol to cut a hefty market share for itself, potentially rolling its market cap into the billions!

It’s easy to see why this new altcoin is being touted as the best crypto to buy right now in the market.

Dogecoin crumbles below $0.20

It was just in December when Dogecoin hit a new high above $0.48, sparking insane optimism as the meme coin market went viral. Sadly, investors started trimming their position, locking a nearly 6x return delivered from its $0.08 low.

The ensuing bearish pressure placed the Dogecoin price in free fall, losing serious ground amid a crippling marketwide selloff that has seen BTC return to the $82k zone. In the past month alone, Dogecoin collapsed over 35%, tumbling below $0.20.

DOGE is now on the verge of breaking below its 50-day EMA on the weekly chart as meme coin investors ditch it to pile into utility tokens.

Source: CoinMarketCap

Dwindling network activity spells doom on Dogecoin’s prospects

According to recent CoinMarketCap news, Dogecoin’s Unspent Transactions Output (UTXO) has dropped 89% since late 2023, with active addresses plummeting 95% from 2.66 million in Nov last year to a dull 130,282 in Feb this year.

This indicates dwindling DOGE transactions and user engagement, raising uncertainty about the meme coin’s long-term demand. Worse still, long-term DOGE investors have dropped nearly 3%, while mid-term holders are down over 11%.

It appears like savvy whales are exiting the meme coin market, leaving DOGE’s fate in the hands of short-term speculators. It remains to be seen whether positive news of the recent SEC ruling classifying meme coin tokens like DOGE as collectibles will help attract fresh buying pressure.

Don’t miss out on RBLK

Dogecoin whales are noted to be among the top investors buying into RBLK at the $0.06 bargain price, pushing the ICO past $10.8 million. Only a few days remain before the price jumps to $0.065 in the next phase. Score your share right now before the price rises

Investors who refer a friend in March will both receive a 30% RBLK bonus, which will only accelerate Rollblock’s growth..

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

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