Rollbit Investors Quietly Accumulating This New Casino Coin, What’s the Big Deal? 

Author

Tim Hakki

Author

Tim Hakki

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Last updated:

September 5, 2024 12:22 EDT

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The native $RLB coin for Solana casino Rollbit is pumping pretty hard.

On a day when virtually every GambleFi token in crypto is down, Rollbit has grown 5.6% overnight to trade at $0.08066 as of this writing.

Altogether, that makes Rollbit’s $RLB the second best performing GambleFi asset both overnight and over the week.

Only WINR Protocol’s $WINR topped it with intraday gains of 10% and intra-week gains of 53% to trade at $0.03711 as of Thursday morning UTC.

Broadly speaking, the $2.08 trillion market cap crypto market is down 1.2% in the last 24 hours, with market leader Bitcoin ($BTC) posting nominal overnight gains of 0.4% beside intraweek losses of 4.8% as it trades at $56,738 as of this writing.

The native $SOL token for Rollbit’s homechain, Solana, is up 2.3% since yesterday morning but 9% down over the week as it sells for around $132.

According to its price chart, Rollbit is beginning what looks like a sharp rally. At its current price, it’s about halfway between recent support and resistance levels of $0.06 and $0.1.

Rollbit’s rally is likely to consolidate its current position going into the weekend. This is indicated by a falling relative strength index of 56, which suggests some selling momentum is picking up

From Rollbit’s $RLB to Mega Dice: The Dawn of Solana Casinos

With a market cap of nearly $200 million—a little under six times that of its nearest rivals Shuffle ($SHFL) and FUNToken ($FUN)—alongside a rapidly growing online gambling and crypto casino sector, Rollbit is one of the cleanest investments in the sector.

There are many crypto casinos across Ethereum too, but Rollbit is the forerunner of a new wave of Solana casinos that could see the chain becoming something of a GambleFi hub.

One such token, Mega Dice ($DICE), has raked in $1.8 million so far in its ongoing presale.

Mega Dice launched last year as the world’s first licensed crypto casino accessible through the popular messaging app Telegram and has since attracted 50,000 players.

Then others followed suit and launched iGaming bots on Telegram, most notably TG Casino.

Mega Dice’s new $DICE turbocharges the online casino’s services to a whole new level.

As the platform’s native utility token, players can use $DICE to fund games and receive payment, with some games requiring it.

$DICE is also integrated into the casino’s loyalty program, offering more generous rewards and exclusive competitions and experiences to users. It’s the only GambleFi coin that distributes a share of profits to its users on a daily basis through its novel staking system.

The casino’s buyback and burn program reduces the supply, increasing scarcity and helping stabilize value better than the unpredictable price swings of meme coins like Pepe.

In sum, $DICE is on a roll. Given the multiple ways investors can put their DICE to work, it’s obvious why Rollbit’s $RLB investors are stacking Mega Dice.

Follow Mega Dice news on X/Twitter and Telegram.

Visit the Mega Dice pre-sale website.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.