Rollbit Coin ($RLB) has seen some rollercoaster price action over the past month after falling by 50% in September to rebound and climb 44% from the month’s lows.
Rollbit Coin had dropped from its peak at $0.216 in September to crash by over 50% to reach $0.1 by the end of the month.
It has since rebounded as it trades at $0.1447.
Meanwhile, traders are starting to turn their attention to newly-emerging Rollbit-like competitors that have the potential to outperform the original crypto-based casino.
In particular, TG.Casino ($TGC) is making waves in the sector as the project nears $415,000 in just a week.
What you'll learn 👉
Rollbit Price Prediction: Where is $RLB Heading After September’s 50% Drop
Rollbit Coin ($RLB) has seen some rollercoaster price action following the 50% September price drop.
The cryptocurrency set an ATH at $0.216 in September but had rolled over from this peak to drop by 56% and find support at $0.1, provided by a .618 Fib Retracement level;
Since hitting this support, $RLB has rebounded and surged higher.
By the start of October, $RLB had reached $0.12 but has since continued its ascension to reach as high as $0.16 this week.
Looking ahead, the first resistance lies at $0.16.
This is followed by resistance at $0.2, $0.22, $0.25, $0.26 (1.272 Fib Extension), $0.282 (1.414 Fib Extension), $0.3, and $0.313 (1.618 Fib Extension).
On the other side, the first level of support lies at $0.14. This is followed by support at $0.12, $0.1 (.618 Fib Extension), $0.8, and $0.647 (.786 Fib Retracement).
Where Are Traders Turning Their Attention To?
As Rollbit continues to exhibit roller coaster price action, traders are turning their attention to newly emerging competitors with a better chance of providing higher returns.
Considering that Rollbit has already reached an impressive $450 million market cap, its upside potential is limited.
As a result, traders are starting to head toward newly emerging projects that can provide much higher 100x returns.
In particular, TG.Casino ($TGC) continues to appear as a potential competitor as it integrates an intuitive deflationary mechanism into its platform for long-term growth.
Telegram Casino Nears $415,000 Milestone as Traders Predict Deflation Adds Additional Layer Compared to Rollbit.
Traders are quickly rushing to the TG.Casino ($TGC) presale, pushing its fundraising beyond the $415,000 milestone.
Investors are intrigued by the long-term prospects of the $TGC token as it introduces an intuitive deflationary aspect into the revenue-based casino-sharing model, which they believe will produce long-term 100x returns for early adopters.
Described as the world’s number one Telegram crypto-based casino, TG.Casino is a cutting-edge platform that combines Telegram’s security, speed, and user base into a seamless gaming experience for crypto-based gambling.
In addition, the project is directly taking advantage of two of the hottest trends in the crypto sector right now: Telegram Bots and revenue-sharing.
Its revenue-based sharing model is set to revolutionize the traditional casino reward structure, allowing all $TGC holders to become casino owners through holding the token.
The new revenue-distribution model is set to change the paradigm for all online casinos, helping to make investors one of the biggest benefactors of gaming.
The entire idea is to use some of the casino profits to buy back the token for redistribution and burning.
This provides all $TGC holders a passive income while simultaneously reducing the overall supply to make it more valuable.
The act of buying back the tokens on the open market also provides a strong source of rising demand for the $TGC token, helping it to appreciate.
Once the team buys back $TGC from the open market through casino profits, 40% of the tokens bought are sent to a burner address – creating deflation in the ecosystem.
The other 60% is distributed to all holders staking their $TGC tokens – creating a passive income.
The casino itself is highly polished as it’s connected to the major gaming providers like NetEnt and Evolution, allowing it to compete with the online casino giants in the industry.
The entire casino is run through Telegram, meaning users won’t have to go through a KYC process to sign up, as their Telegram account serves as verification.
This helps TG.Casino offer instant web3 deposits and withdrawals as a crypto wallet is created when users log in to the casino.
In addition, the casino is fully licensed, obtaining its credentials from the Curacao Gaming licensing entity.
Overall, TG.Casino is set to introduce a new paradigm into the crypto-based gambling world by rewarding investors with the majority of the profits.
The presale is currently underway, selling the token for a price of $0.125.
The token can be bought with ETH, BNB, and USDT (both ERC-20 and BEP-20 versions).
With the presale aiming to raise a total of $5 million, almost 10% of the total supply has already been snapped up.
Therefore, users are encouraged to get positioned as early as possible, as the discounted prices aren’t expected to stick around for more than a couple of weeks.
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