Rollbit Coin Price Prediction: RLB Plunges 11% In A Week After Investors Flock To This New Competitor With Off-The-Charts APY

ByEvans Karanja

Updated: 24 November 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Rollbit Coin price dropped 11% in the past week and is trading at $0.181152 at 4:30 a.m. EST with trading volume down 72% at $5 million.

This decline in Rollbit Coin’s value and trading volume occurred a few days after investors began redirecting their attention to Rollbit’s competitor, TG Casino, which offers a lucrative APY that promises substantial yields.

Rollbit Coin Price: Bulls Remain Resilient Despite Backdrop

Rollbit Coin Price Chart Analysis. Source: Dexrtools.io — RLBUSD Chart Analysis. Source: Dexrtools.io

Currently encountering resistance at the $0.26 level, bullish sentiment persists for RLB, indicating a strong rebound from the established $0.16 support. The recent recovery from the $0.09 support level underscores the inherent strength of RLB’s market position.

Overcoming the challenge posed by the $0.26 resistance is pivotal for initiating a bullish rally, with the 50-day simple moving average adding a layer of complexity. A break above the 50 SMA should confirm the current bull rally, allowing the bulls to reclaim the $0.26 high.

After a sharp decline, the Relative Strength Index (RSI) is on a buying trend following a rejection at the 35 level, presently trading at 47, below the neutral threshold of 50. While signaling a potential rebound, it emphasizes the necessity for added momentum to sustain an upward trajectory.

The bulls are targeting a breakthrough of the $0.26 resistance, setting the stage for a peak in 2023 at $0.45. This ambitious target implies a substantial 54% increase from the current price, indicating the potential for significant upward movement.

Despite the positive outlook, buyers should be cautious, particularly considering the looming downside risks if bearish pressure persists below the critical $0.16 support zone. In such a scenario, further losses could be incurred, potentially decreasing the price to $0.1371.

Rollbit investors are increasingly turning to TG.Casino (TGC) as a means to hedge their funds against further losses. Currently, TGC offers attractive APYs for early buyers, making it a lucrative option.

Rollbit Coin Price: Investors Flock To TG.Casino

TG.Casino, an emerging force in the crypto gambling industry, is revolutionizing the market with innovative technology and appealing features.

Currently, in presale, TG Casino is a new crypto casino that allows patrons to gamble using cryptocurrencies ($TGC, BTC, ETH, and USDT) without needing KYC. You can join and bet simply by using your Telegram app. The platform, which is fully licensed, offers a wide range of popular casino games.

Buying into the TG Casino is more than just getting $TGC 🤩

We offer some amazing benefits that are really attractive as well! pic.twitter.com/7UhJqja127

— TG Casino (@TGCasino_) November 18, 2023

So far, TG.Casino’s presale has raised over $2.8 million out of a target of $5 million. This surge in investment follows a trend where investors from Rollbit are transferring their funds to TGC as a strategy to offset their losses drawn by the attractive offerings of TG.Casino such as staking.

Presently, TGC tokens are available at a discounted price of $0.165, but this is set to increase in a little more than two days, making it an opportune time to invest.

The price of $TGC is now up to $0.165!

Let's push to our final goal in presale🤩 pic.twitter.com/lGWe5od5Bf

— TG Casino (@TGCasino_) November 22, 2023

Stake And Earn, 201% APY, $TGC Airdrop

A key factor driving RBL investors towards TGC is its impressive annual percentage yields (APY). TG Casino offers an enticing 201% APY on staked tokens, significantly higher than the industry average of 5-10%. This attractive rate is a major draw for investors, though it’s important to note that this APY decreases as the presale progresses, emphasizing the urgency to invest now.

Recently, a $RLB investor invested around $150K into TGC, initially buying $50K worth and then proceeding to stake it.

A $RLB whale recently invested approximately $150K in @TGCasino_ , making a $50K purchase and staking it. View the transaction details here: https://t.co/xOmwQXqg3e Explore the investor's wallet funding at this address: https://t.co/PmRAWicLMd Notably, part of their Rollbit… https://t.co/rTb10zvSKd pic.twitter.com/ESxGzn7ex8

— Erik Stevens 🐆 (@IHunt100xGems) November 18, 2023

Additionally, the excitement among investors is further fueled by the introduction of the $TGC airdrop. Participants holding TGC tokens can receive a share of the 16 million $TGC tokens allocated for distribution.

The ongoing airdrop for this token, lasting until its launch on major exchanges, has attracted attention for its potential to boost its price significantly. Historically, such airdrops have led to major price increases, with some tokens surging to 100X.

https://twitter.com/TGCasino_/status/1726605371891204340?s=20

Joining the excitement, Jacob Bury, a well-known figure in the crypto YouTube community, has extensively covered TGC. He spotlights its potential as the upcoming major player in the GameFi sector and predicts an impressive 10X growth for the token.