Rollbit Analysis: $RLB Sets New All-Time High After 35% Surge, But Traders Are Backing This Alternative For Higher Returns With $1.6 Million Raised
The price of Rollbit ($RLB) surged by an impressive 35% this month, allowing the cryptocurrency to set a new fresh all-time high price at $0.24 this week.
Rollbit is one of the breakout stars of 2023 as it soared into the top-100 ranked tokens and reached its current $677 million market cap.
However, with the project’s success, traders are backing alternative projects for higher returns.
In particular, TG.Casino ($TGC) emerges as a brand-new competitor as investors rush to its passive income revenue-sharing model, pushing the fundraising beyond $1.6 million.
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Rollbit Soars 35% In One Month To Set Fresh All-Time High: Where’s It Heading?
Rollbit continues to make waves as it sets a fresh new all-time high this week at $0.24.
The cryptocurrency has surged by a respectable 35% over the month, allowing the online casino to break the previous all-time high at $0.22.
In fact, Rollbit actually soared by an incredible 150% since hitting support at $0.1 at the end of September, demonstrating that investors are still keen on short-term gains for the project.
The coin is now trading inside an ascending bullish price channel, and a breakout above the channel could send the token parabolic.
It hit resistance at $0.232 (1.414 Fib Extension) yesterday and has since dropped to the $0.205 level;
Looking ahead, the first level of resistance on the way up lies at $0.22 (1.272 Fib Extension).
This is followed by resistance at $0.232 (1.414 Fib Extension), $0.24 (all-time high), and $0.248 (upper angle of the channel).
If the buyers continue beyond the confines of the price channel, added resistance lies at $0.26, $0.282, $0.3, and $.032.
On the other side, the first level of support lies at $0.2. This is followed by $0.183 (.382 Fib), $0.18, $0.166 (.5 Fib), and $0.15 (.618 Fib).
What Alternatives Are Traders Backing Next For Higher Returns?
While Rollbit continues to surge, traders are starting to back alternative projects in the hope of making higher returns.
This is because Rollbit has already reached a $680 million market cap. Therefore, Rollbit would need to reach a $2 billion market cap to provide a small 3x return for investors entering at the current price.
As a result, traders are turning their attention to newly emerging competitors capable of delivering Rollbit-like returns.
In particular, TG.Casino ($TGC) is emerging as a stand-out option with its revenue-sharing model and Telegram-based casino pushing the presale beyond $1.67 million.
TG.Casino Raises $1.6 Million As Traders Rush To Intuitive Revenue-Sharing Model
TG.Casino ($TGC) continues to turn heads as traders rush to the intuitive revenue-sharing model that integrates deflation into the ecosystem.
As a result, TG.Casino has already managed to raise over $1.67 million as its presale continues to gather significant momentum, demonstrating the building popularity behind this $RLB alternative.
TG.Casino stands apart from its competitors as its platform is entirely built on the Telegram application, offering a seamless gaming experience to over 1 billion users.
The project intends to revolutionize the traditional casino rewards system by providing a share of the revenues generated with all $TGC holders – providing them with a passive income.
Therefore, as the global adoption of TG.Casino rises, the passive income for users will continue to increase.
Furthermore, TG.Casino integrates deflation into its tokenomics, creating long-term scarcity for the token.
It works as follows:
The team will use a portion of the revenues generated to buy back $TGC from the open market, providing the market with consistent rising demand.
Then, they will distribute 60% to all $TGC stakers, providing them with a daily passive income.
The remaining 40% is sent to a burning wallet to remove $TGC from circulation, creating deflation.
The falling supply and rising demand are why investors anticipate 50x returns for early adopters of $TGC.
The fully licensed casino is regulated, and it leverages the speed and security of Telegram, making it a fully anonymous online crypto-based casino.
It also has a highly professional gaming experience, as it’s connected to the same gaming providers that online casino giants use.
The $TGC presale continues to gather momentum as it pushes toward its raise goal of $2.5 million.
Currently, $TGC can be purchased for a discounted price of $0.15.
Users can purchase $TGC by swapping ETH, BNB, and USDT on the project’s website.
Given its speedy rise to $1.67 million, it’s clear that traders are backing this as a solid alternative to Rollbit.
Overall, with its intuitive revenue-sharing and deflation, combined with its fully licensed casino, TG.Casino has the potential to provide 50x returns for early adopters.
Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
