Is It Too Late to Buy Rollbit Coin? RLB Price Rallies 10% as New Crypto Casino Project Secures $1 Million Fundraising
Despite a volatile October – that has seen the rise of Telegram bots, leading GambleFi token Rollbit (RLB) is poised to explode following a +10% rally, leaving some side-lined investors asking, ‘is it too late to buy Rollbit’?
This comes as the Rollbit platform is invigorated by an ongoing ‘Slotober’ – the promotion, which involves the use of new referral codes to establish sub-balances, incentivizes users with a number of game-linked challenges.
Learn how to use the code 'SLOTOBER' and how to win cash prizes by completing Challenges that require a new referral code ⤵️🧵https://t.co/gAAiiDUtVY— Rollbit (@rollbitcom) October 14, 2023
And this comes against a backdrop of impressive ecosystem growth, with the introduction of RLB buys and burns this October coming hot on the heels of surging RLB holders (now 10,000+).
The number of on-chain RLB hodlers breached 10,000 today after a strong month of revenue for Rollbit in September.— Lucky (@Lucky_Rollbit) October 2, 2023
Nearly $38,000,000 was generated across our three revenue streams, resulting in a buy and burn of over $5,000,000 in RLB (1.265% of the circulating supply)!
RLB Price Analysis: Is it Too Late to Buy RLB?
As Rollbit’s GambleFi platform continues to shine, RLB is currently trading at a market price of $0.15 (+6.25%).
This comes as Rollbit’s impressive +10% pump on October 14 saw RLB hammer-up to break above the 20DMA (sat at $0.136), which has provided a supportive foothold for much of recent price action.
The last time RLB pushed above the 20DMA on September 30, the 20DMA provided a 10-day foothold for resistance testing at the upper-trendline.
And in a significant move this morning, RLB has pushed up higher to mount another support level at $0.14.
However, investors should exercise caution here, as the RSI appears to be rising to a significant over-bought signal with a bearish divergence at 56.83.
Meanwhile, the MACD has flipped to 0.00016 – in a show of technical strengthening.
Overall, RLB appears poised for a break-out here, pending a period of consolidation at this higher support level.
This leaves RLB with an upside target above the upper trendline at $0.165 (a possible +8% gain).
While downside risk could see RLB return back to the supportive foothold of the 20DMA at $0.136 (a possible -10.94%).
Rollbit, therefore carries a risk: reward ratio of 0.74 – an entry with outsized downside risk facing a critical test of upper trendline resistance.
But while RLB appears poised, markets this morning have been gravitating towards a new GambleFi project aiming to make it big in the world of Telegram bots with a flurry of activity on leading crypto casino comparisons site Bitcoin Casinos.
How GambleFi Telegram Bot TG.Casino Has Surged to More Than $1M Raised
As Telegram trading bots and GambleFi dominate Autumn’s narratives, the TG.Casino ($TGC) presale is gaining significant attention ahead of its highly anticipated Telegram casino launch today.
This comes after a dramatic presale saw TG Casino surge to $1m+ raised in just two week, here’s why it should be on your radar.
TG.Casino isn’t just another quick Telegram bot pump-and-dump it’s an intricately crafted ecosystem that marries the thrill of the casino world with the decentralized edge of blockchain.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live casino games, slot machines, and table games to an expansive sportsbook, it ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.