Rollbit $RLB Bounces At Major Support, But Can This New Alternative Provide Significantly Higher Gains?
The price of Rollbit ($RLB) has bounced from a major .618 Fibonacci Retracement support today as it seeks to start its next leg higher.
The cryptocurrency fell from a peak of $0.26 to as low as $0.16 this week. It is now trading near $0.18.
Despite the promising bounce, traders are turning their attention to a newly emerging alternative as they believe it can provide much higher returns.
TG.Casino ($TGC) has already raised an enormous $2.8 million in funding, and investors predict the Telegram-based casino can produce long-term 50x returns.
What you'll learn 👉
Rollbit Bounces From Major .618 Fib Support
Rollbit ($RLB) has been on somewhat of a rollercoaster ride this month after setting a fresh new all-time high at $0.26.
The cryptocurrency had surged from $0.1 in early October to push higher and meet the $0.26 resistance provided by a 1.272 Fib Extension.
$RLB rolled over at meeting this level and started to head lower. It broke beneath support at $0.2 and continued lower until the $0.16 support was found yesterday – representing a 40% drop from the highs.
The crypto has bounced from this .618 Fib support and is now trading at $0.18;
Looking ahead, the first resistance now lies at $0.2. This is followed by resistance at $0.26 (all-time high), $0.282 (1.414 Fib Extension), $0.3, and $0.313 (1.618 Fib Extension).
Additional resistance lies at $0.324 and $0.35.
On the other side, the first level of support lies at $0.16 (.618 Fib). This is followed by support at $0.15, $0.131 (.786 Fib), and $0.11 (.886 Fib).
What Alternatives Are Traders Looking At For Higher Returns?
While $RLB looks promising at the .618 Fib bounce, traders are starting to turn their attention to alternatives that can provide higher returns.
The market cap of Rollbit currently sits at $550 million. As a result, the project would need to surpass a $1 billion market cap to provide a small 2x return for traders today.
As a result, traders are hunting for alternative projects that can provide similar returns to the 100x provided by $RLB in its early days.
In particular, TG.Casino ($TGC) emerges as a worthy alternative with its revenue-sharing model and Telegram-based application.
TG.Casino Raises $2.8 Million As Investors Take Advantage of Revenue-Sharing Telegram-Based Casino
TG.Casino ($TGC) has raised a staggering $2.8 million in its presale as investors rush to get positioned as early adopters in the Telegram-based casino.
The continued momentum growth demonstrates investors’ confidence in the project as they expect outsized returns.
TG.Casino is not just another online casino. Instead, it’s a cutting-edge platform that utilizes the technology behind Telegram to offer a crypto-based online casino experience for Telegram users.
The platform shares a slice of its revenues with all $TGC holders, providing them with a passive income and introducing deflationary mechanisms into the ecosystem.
The team will use a slice of the revenue to buy back $TGC from decentralized exchanges, providing the market with a price floor.
Of the tokens purchased, 60% is sent to $TGC stakers to provide them with a passive income, and the other 40% is sent to a burner address to create deflation.
The combination of a falling supply through deflation and a rising demand through buybacks has investors believing that 100x returns are a strong possibility.
Furthermore, the fact that TG.Casino leverages the 1 billion users on Telegram, putting it in a strong position for mass adoption.
The platform is fully licensed, obtaining its credentials from the Curacao licensing entity – making it provably fair and transparent.
Furthermore, as TG.Casino is connected to major gaming providers like Evolution and NetEnt; it can offer hundreds of highly polished casino games for Telegram users to enjoy.
Just Three Days Left to Get Positioned
$TGC is the native token behind the platform that allows holders to earn a share of the rewards through staking.
Those placing wagers in the casino with $TGC will provide additional bonuses, rewards, and prizes.
The presale is currently offering the token for $0.165.
However, there’s a rising pricing strategy that increases the price during subsequent presale stages.
As a result, those getting positioned earlier benefit the most from the lower prices.
Overall, with its intuitive revenue-sharing model, deflationary tokenomics, and Telegram-based experience, TG.Casino is primed for explosive growth following its presale.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough 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 crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
