The price of Rollbit ($RLB) has surged by an incredible 77% this month as it climbs beyond $0.16 and reaches $0.19.
The breakout has $RLB approaching new all-time high prices beyond $0.2.
However, traders are backing an alternative project that might provide 10x higher returns with Rollbit at an inflated $600 million market cap.
TG.Casino ($TGC) continues to snowball in popularity after raising $1.5 million.
With just four days at the current price, investors feel the FOMO as they rush to get positioned early.
What you'll learn 👉
Rollbit $RLB Surges 77% As All-Time High Prices In Sight
Rollbit ($RLB) is now up by an enormous 77% this month as it breaks resistance at $0.16 and surges as high as $0.195 during the week.
The crypto dropped by over 55% during September as it crashed into support at $0.1, provided by a .618 Fib Retracement.
From there, it slowly climbed higher in October until it finally penetrated the $0.16 resistance earlier this week.
The breakout allowed $RLB to break beyond the September highs and meet the resistance at $0.19, provided by a 1.414 Fib Extension level.
The surge has traders bullish as they anticipate further all-time high prices in the coming weeks;
Looking ahead, the first resistance beyond $0.19 lies at $0.2, provided by a 1.618 Fib Extension.
Above this, resistance is expected at the all-time high price of $0.216.
If the buyers can continue beyond the ATH, additional resistance is located at $0.22 (1.272 Fib Extension), $0.232 (1.414 Fib Extension), and $0.25 (1.618 Fib Extension).
On the other side, major support is first located at $0.18. This is followed by $0.16, $0.14, and $0.12.
Where Are Traders Heading to As An Alternative?
Despite Rollbit’s impressive monthly performance, its inflated market cap is causing traders to curb their growth expectations, with many selecting Rollbit alternatives as better investments.
This is because the market cap of Rollbit has already reached $600 million. As a result, the market cap would need to surge by $1.2 billion to provide a small 3x return.
Instead, traders are eyeballing Rollbit alternatives that can provide 10x returns with smaller sums of investment.
In particular, TG.Casino ($TGC) continues to be a stand-out competitor as it raised over $1.5 million in just under a month.
Traders are rushing to this alternative as it provides a crypto-based casino for all Telegram users while integrating a revenue-sharing and deflationary model into the ecosystem.
TG.Casino Raises $1.5 Million as Traders Predict 10x Returns.
Traders are hurrying to get positioned in the $TGC token as early as possible as they anticipate 10x returns for the project.
TG.Casino intends to become the world’s number one online casino hosted on the Telegram platform.
The project is a licensed casino with a native token called $TGC that provides perks and discounts for users utilizing the token.
TG.Casino is shifting the dynamic of online casinos by offering a cutting-edge gaming platform that leverages Telegram’s security, speed, and user base.
In addition, it’s revolutionizing the revenue-sharing model by integrating a deflationary aspect into the ecosystem.
Essentially, the project takes advantage of three of the hottest trends in crypto by integrating gambling with Telegram bots and providing a revenue share.
Telegram has over one billion users and TG.Casino wants to leverage these users by providing them with a crypto-based, non-KYC, anonymous gambling platform.
The platform is instantly accessible, and users don’t need to sign up as they use Telegram’s user profile to log in.
Furthermore, all transactions are fully encrypted, ensuring the privacy and data of users are protected.
Intuitive-Revenue Sharing Model Combines Deflation For Long-Term Returns
Investors believe in 50x return potential primarily because of the unique revenue-sharing model that integrates deflation for long-term returns.
In a nutshell, the fully licensed platform has a rewarding tokenomics model that uses profits to buy back the token, which is then burnt and distributed to provide rewards.
A portion of the casino’s daily profits will be used to purchase $TGC tokens from the open market using a decentralized exchange.
This provides a source of consistent demand for the market, helping to stabilize the price.
Of the $TGC bought, 60% is distributed to stakers – providing them with a secure and consistent passive income.
The other 40% is then sent to a burner wallet to be removed from circulation.
This creates deflation within the ecosystem to create a falling supply.
The combination of a rising demand meeting a falling supply is why investors believe $TGC has 10x growth potential.
Get Positioned At Discounted Prices – Just Four Days to Go
The presale is currently selling the $TGC token for a discounted price of $0.1375.
However, its rising pricing strategy means that the cost of the token will increase in just four days.
As a result, those investing earlier benefit the most as they benefit from the lower entry price and purchase more $TGC.
The rapid growth of the presale is a testament to the optimism from investors for the project. $TGC will have unprecedented utility and provide an impressive 340% staking APY return.
Coinsult has also audited all the platform smart contracts, providing investors with complete peace of mind.
Prospective investors can get positioned by purchasing $TGC with ETH, BNB, and USDT.
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.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com