Rollbit Coin Price Prediction with RLB Token Burning – Next Channel Breakout?

Rollbit Coin (RLB) price fell to just under $0.12 today amid the broader cryptocurrency market decline, with Bitcoin in the red today.

With a current market cap of $335 million, RLB is in the green for the past 30 days – up 7% – and stands out in the GambleFi sphere, ranked as the largest gambling-related crypto token on CoinMarketCap.

Unlike traditional cryptocurrency launches, Rollbit has eschewed an initial coin offering in favor of directly issuing RLB to users of its Rollbit.com platform, where the coin is deeply integrated into a lottery, casino and trading platform with lever badges.

Rollbit Coins Migration to Ethereum: Key Deadline Approaching

Rollbit Coin’s move from Solana to Ethereum last June is approaching a key milestone.

By May 1, 2024, all Rollbit Coin (RLB) holders will have to migrate their tokens to the Ethereum blockchain. With approximately 2 days left, all remaining tokens on Solana are at risk of being burned.

This migration highlights Rollbit’s strategy to leverage Ethereum’s superior scalability and interoperability capabilities within the DeFi ecosystem. The move is expected to improve the token’s functionality and support the project’s growth ambitions.

Post-migration, the reduced token supply on Ethereum could potentially increase the scarcity and value of RLB.

• Final migration deadline: May 1, 2024
• Tokens not migrated to Solana will be burned
• The migration aims for greater scalability and DeFi integration

Recent burning of RLB tokens

Rollbit offers users profit sharing from the platform’s casino operations and at the same time increases the scarcity of RLB by consistently withdrawing half of the wagering fees.

Given Rollbit Coin’s current circulation of 3.29 billion tokens, the combination of practical utility within its ecosystem and deliberate consumption of token supply positions RLB on a potentially positive market trajectory.

Rollbit recently celebrated a major achievement with the launch of the RLB Dashboard, 36 weeks after launch. Rollbit’s latest update reveals a substantial consumption of 18,572,172 RLB tokens, a spend of $1,941,562.

This action reduced the circulating supply by approximately 0.667%, illustrating Rollbit’s strategic approach to increasing token scarcity and potential value.

• The recent burn involved 18.57 million RLB tokens at a cost of over $1.9 million.
• The reduction aims to increase the scarcity of the tokens and increase the value.
• The consistent consumption of tokens demonstrates Rollbit’s commitment to managing supply and supporting coin market dynamics.

Rollbit Price Prediction

In today’s trading session, the Rollbit Coin price chart on the 4-hour timeframe shows RLB below the crucial $0.122 level, suggesting a potential short-term bearish trend.

Another resistance level lies at $0.131, with support at $0.105 if the downtrend continues.

Rollbit Price Chart via Tradingview

The Relative Strength Index (RSI) stands at 34, trending towards oversold territory, which could prompt buyers to take action. The 50-day exponential moving average (EMA), now at $0.124, however adds to the bearish narrative.

Conclusion: RLB shows a bearish bias as long as it remains below $0.122. A push above this level could signal a shift towards bullish conditions. Keep an eye on these levels and indicators to gauge Rollbit’s next price move.

A new low market cap alternative to Rollbit Coin with a similar use case is Mega dice (NUT).

Mega Dice launches pre-sale

Mega dice is an online casino with a wide range of over 4500 games – including slots, live casino tables and interactive game shows – and the added versatility of cryptocurrency transactions. This integration is strengthened by blockchain technology, ensuring secure and fast financial transactions across the entire platform.

Mega Dice is actively running a pre-sale for its new native token, $DICE, offering early participants revenue sharing benefits and establishing the foundation for its broad utility across the platform.

Early investors in the presale not only increase the potential of their investment, but also position themselves to receive daily rewards tied to the financial success of the casino. The $DICE token is an integral part of accessing the platform’s diverse offerings, including a bookmaker with competitive odds and a Telegram-licensed betting app.

Key Features and Upcoming Events:

• Pre-sale participants receive bonus $DICE tokens once the ICO concludes, at a rate of 1 $DICE = $0.069
• The $DICE integration allows access to exclusive content and greater community governance.
• A dynamic referral program offers a 25% revenue share.

With a robust desktop and a Telegram app – featured on Cointelegraph – and a commitment to user rewards, Mega Dice is setting a new standard in the integration of gaming and digital currency platforms.

As the pre-sale progresses, potential investors and gaming enthusiasts are encouraged to join early and secure their place in this evolving digital arena. With $596,000 raised at the time of publication, the price of the $DICE token is set to increase to around $1 million.

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