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In a tumultuous twist, leading GambleFi token Rollbit (RLB) has retraced -22% in a sudden tumble, leaving some panicked holders asking ‘Is Rollbit crypto casino going to zero’? – find out in RLB price analysis.
The sudden retracement move comes following the release of a new report entitled ‘The House Always Wins‘ – which explored the fairness and house edge of various Rollbit games.
And while the findings generally suggested that Rollbit is a fair crypto casino, the research also highlighted a house edge as high as 5% in popular games such as X-Roulette and X-Crash.
RLB Price Analysis: Is Rollbit Crypto Casino Going to Zero After -22% Crypto Price Tumble?
As price action heads south, Rollbit is currently trading at a market price of $0.1499 (representing a 24-hour change of -18.71%).
The retracement move comes as last week’s rally move met rejection at the $0.18 price level.
The dramatic -22% price tumble crashed down through multiple support levels, before finding a foothold back at the ascendant 20DMA.
The 20DMA has formed supportive footing to much of recent price action, so far sustaining upside momentum for all of October.
In a significant change on Rollbit’s indicators, the recent retracement move has seen the RSI rapidly cool down from an overbought signal at 66.43 to a more neutral 51.52.
While the MACD has defied the downside move, remaining bullish with divergence at 0.0051.
Overall, the recent retracement – while a substantial drop – leaves RLB in healthy posture, with the RSI on the precipice of flipping bullish, and the 20DMA still showing supportive strength.
This leaves RLB with an upside target at $0.18 (a potential +20%).
While downside risk here could see RLB fall to lower support at $0.12 (a possible -20%).
Rollbit therefore carries a risk: reward ratio of 1 – an on the fence trade, dependent on consolidation at the 20DMA – but certainly reflecting that Rollbit will not go to zero anytime soon.
Yet, while Rollbit is in retracement another emerging GambleFi start-up is witnessing growing success in the presale funding stage.
Meet TG Casino: Fastest Growing GambleFi Crypto Presale Smashes $1.43M
As Telegram trading bots and GambleFi dominate September’s narratives, the TG.Casino ($TGC) presale is gaining significant attention – racing to $1,432,290 raised in just two weeks, here’s why it should be on your radar.
TG.Casino isn’t just another quick Telegram bot pump-and-dump it’s an intricately crafted ecosystem that marries the thrill of the casino world with the decentralized edge of blockchain.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live casino games, slot machines, and table games to an expansive sportsbook, ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.
From a security standpoint, users can rest easy – all data and funds are encrypted, ensuring robust protection against potential threats.
While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.
The TG Casino Presale: Hype and Beyond
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 3,446%.
Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.
And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.
The $TGC token’s utility is another aspect to spotlight – beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.
Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.
How to Buy TG Casino Early?
Step 1 – Go over to their official website
The first thing you want to get correctly is going over to their official website.
Step 2 – Create a Crypto Wallet
You need to set up a crypto wallet, and it’s important to chose a wallet that supports ERC-20 tokens as this is TGC Standards.
Step 3 – Purchase ETH or USDT
Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.
Step 4 – Connect Wallet to Presale Dashboard
Go to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.
Step 5 – Buy TG.Casino Token
Investors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.
Step 6 – Claim TG.Casino Token
Once TG.Casino’s presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the ‘Claim’ button on TG.Casino’s homepage. That’s all for how to buy TG.Casino.
TG Casino’s Unrivalled Tokenomics Could Trigger Biggest GambleFi Moonshot
To wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it’s a front-row ticket to the future of Telegram GambleFi.
With tokenomics supply – fairly distributed across the presale, liquidity pools, staking rewards, and player rewards – and the additional bolster of TG Casino’s jaw-dropping 3,446% APY – this project is positioned to become a huge name in the GambleFi vertical.
Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!
Dive into the TG.Casino Presale Now.
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.
This article first appeared at Cryptonews
