Rollbit Sinks 45% In November While This Newly Emerging Alternative Continues to Grow With $3.1 Million Raised
The price of Rollbit ($RLB) dropped by a steep 45% this month as it battles to hold above $0.16.
The cryptocurrency fell beneath an ascending price channel at the start of the month and has been trending lower ever since.
Meanwhile, a newly emerging alternative is gaining traction as traders believe it can provide returns similar to those that Rollbit produced in its early days.
TG.Casino ($TGC) crossed the $3.1 million milestone this week, demonstrating the building momentum behind its revenue-sharing model.
What you'll learn 👉
Rollbit Drops 45% In November – Is It Time To Sell?
The number-one-ranked crypto-based casino Rollbit ($RLB) has suffered a staggering 45% price decline this month as it sinks to $0.16.
The cryptocurrency had been making fresh highs through October and most of November as it traded inside an ascending price channel.
It set fresh all-time highs toward mid-November, reaching as high as $0.26. There, it found resistance at a 1.272 Fib Extension and rolled over.
After rolling over, $RLB fell beneath support at $0.2 and crashed into the .618 Fib Support at $0.16, where it currently battles to hold.
Unfortunately, Rollbit crashed beneath the $0.16 level today, reaching as low as $0.14 – showing signs that an extended decline might be incoming.
Looking ahead, the first level of support beneath $0.16 lies at $0.15. This is followed by support at $0.131, $0.12, and $0.1.
On the other side, resistance lies at $0.18, $0.2, and $0.22. Added resistance is found at $0.26 and $0.282.
What Alternatives Are Traders Looking At?
While $RLB starts to lose its shine, traders are looking at alternatives to Rollbit that can provide similar returns to what it offered in its early days.
In particular, TG.Casino ($TGC) appears to be a likely contender as investors believe it can provide 50x returns.
Traders are rushing to get positioned as early as possible as they believe the passive income and deflation generated through its revenue-sharing model will provide sustainable growth.
TG.Casino Crosses $3 Million Milestone as Traders Rush For Revenue Sharing Model.
The presale for TG.Casino ($TGC) recently crossed the impressive $3 million milestone in fundraising as investors rush to get positioned in its revenue-sharing model.
TG.Casino is a fully licensed gambling platform that shares a slice of the revenues generated with all $TGC holders on the network.
The project stands out from its competitors as it is entirely housed on the Telegram application, allowing it to leverage the bulletproof messaging platform’s speed, security, and user base.
TG.Casino is revolutionizing the traditional casino reward system by turning all $TGC token holders into casino owners – giving back to its players.
Those using $TGC in the casino receive additional perks and bonuses, with everybody having the option to stake tokens to earn a passive income and generate an APY on their holding.
Rising Demand With Falling Supply Has Traders Excited
Investors are particularly excited about the long-term prospects of the token as its revenue-sharing model creates a scenario where the $TGC token experiences a rising demand with a falling supply.
The team will use a share of the daily revenues to buy back $TGC tokens from decentralized markets, providing it with consistent demand.
Of the $TGC purchased, 60% is distributed to all $TGC stakers on the network, providing them with a passive income.
The other 40% is then sent to a burner address to be removed from circulation – creating deflation within the economy.
The combination of buybacks and deflation creates a situation where the value of $TGC should see long-term sustained growth.
3 Days To Go: Get Positioned Before Prices Rise
The presale continues to thrive after crossing the $3.1 million milestone today.
$TGC is the native token on the platform and will be utilized as the default payment and betting currency – providing it with exceptional utility.
Users can purchase $TGC for $0.17 in the current presale stage.
However, it’s important to note that the presale uses a rising pricing strategy, meaning the cost of the token increases during subsequent presale stages.
Therefore, those getting positioned earlier benefit from the lower entry prices.
Overall, with its sustained long-term value growth through its revenue-sharing model and unique concept of leveraging billions of users on Telegram, $TGC is setting itself up for a solid 50x ride once the presale ends.
This is a passive income opportunity you certainly want to take advantage of.
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