Is Rollbit Coin Going to Zero? RLB Price Keeps Falling as New Bitcoin Project Starts Selling at $1
Leading GameFi project Rollbit (RLB) has enjoyed breakout success in recent months, surging +2,600% so far since launch, but with hard-fought retracement underway disparate bag-holders are asking is Rollbit coin going to zero?
This comes amid strong fundamentals for the gambling ecosystem, which made headlines this morning following the announcement of a new betting partnership with recent Scudetto winners SSC Napoli.
The major partnership is revealing, with the Serie A deal standing in testament to Rollbit's massive revenue over the past month.
RLB Price Analysis: Is Rollbit Coin Going to Zero?
In the aftermath of the big announcement, Rollbit coin is currently trading at a market price of $0.16 (representing a 24-hour change of +2.5%).
Price action remains low in the trading channel, in a hard-fought retest of resistance from the 20DMA which has suppressed upside moves since August 30.
Buy pressure appears strong here, with hourly candles pressing up toward the $0.17 price level.
This comes amid a -25% downside move since August 29, which has seen RLB retrace from a local high at $0.22 in a tumble below the descendant 20DMA.
Yet, a bounce here could be pivotal - forming the second-leg of double-bottomed support above the $0.145 price level - potentially poising RLB for a major rally.
This sentiment is reflected in Rollbit's indicators, which currently reflect this strengthening technical form.
Rollbit's RSI is sat cooled-off at 46.2, an oversold signal that could indicate an upside move is likely.
While the MACD has flipped to show minor bullish divergence at 0.0001 as upside momentum grows.
Overall, the 20DMA forms the key level to watch - if buy pressure pushes RLB above this level - then Rollbit is likely to resume rally structure.
This would leave RLB with an upside target at $0.21 (a potential +28.4%).
Whereas downside risk would remain at lower support at $0.145 (a possible -11.3%).
This leaves Rollbit with a Risk: Reward ratio of 2.51 - an attractive entry with more than double reward structure.
Yet, while Rollbit is fighting resistance, smart money have already rotated capital into a new Bitcoin off-shoot project aiming to trigger supercharged returns as On-Chain Summer shows no signs of slowing down.
Beyond Traditional Bitcoin: Meet Bitcoin BSC
On-Chain Summer has given rise to an emerging vertical of Bitcoin off-shoot projects. While the term "Bitcoin derivative" might raise eyebrows, here’s what it signifies: a digital asset that leverages the strengths of Bitcoin and, at the same time, offers enhancements to rectify its challenges.
And this is what has markets so excited about Bitcoin BSC.
BTCBSC's commitment to retaining Bitcoin's cherished tokenomics, including the iconic 21 million token cap, ensures familiarity, while its unique offerings make it stand out.
One can't help but marvel at BTCBSC’s integration with BSC (Binance Smart Chain), promising lightning-fast transaction times and minimal fees.
Forget the 10+ minute wait times of traditional Bitcoin; with BTCBSC, your transactions are confirmed in under five seconds, all for a mere $0.10.
This enhanced efficiency opens the door for broader usability, ensuring BTCBSC's relevance for a range of dApps, from microtransactions to significant financial remittances.
But that's not all, BTCBSC's adoption of proof-of-stake over proof-of-work offers a greener, more sustainable mechanism that's in line with contemporary environmental concerns.
By doing so, it ensures that the energy concerns that often plague traditional cryptocurrencies are a thing of the past.
Bitcoin Staking: The Future of Cryptocurrency Investments
BTCBSC isn't just a token; it's an investment strategy - focused on: Staking, which has become a focal point in the DeFi space, takes center stage in the BTCBSC ecosystem.
The benefits are two-fold: it offers token holders a lucrative yield (imagine an APY of 8-10%!) and it promotes long-term holding, reducing the notorious price volatility often seen with new crypto projects.
By distributing a staggering 69% of the total token supply as staking rewards over 120 years, BTCBSC not only incentivizes holding but promises sustained and stable growth.
Seize the Moment: The BTCBSC Presale Launches Today
Now comes the crux: the BTCBSC presale -a limited-time opportunity, the presale offers 29% of the total token supply to early participants at a tantalizing price of $0.99 per token.
Comparing this to Bitcoin’s 2011 price gives a nostalgic yet optimistic perspective on BTCBSC's potential.
With liquidity already locked via Unicrypt and a soon-to-be launch on PancakeSwap, the prospects for BTCBSC are incredibly promising.
The parallels to the surges seen in other Bitcoin derivatives, like BCH and BTC20, cannot be ignored.
BTCBSC is poised to not only emulate, but potentially surpass these successes, especially with its strategic staking model.
So in ever volatile crypto markets, BTCBSC emerges as a beacon of innovation and promise - delivering advanced features, combined with the trustworthiness of Bitcoin's legacy, has seen BTCBSC break-out as a top tier investment opportunity.
As the crypto community eagerly watches the BTCBSC journey, it’s clear that this is more than just another token; it's a movement, a strategy, and most importantly, an opportunity.
Join the future; join the BTCBSC revolution.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.