As the Gamblefi narrative continues to gain traction in crypto markets, leading iGaming-themed coin Rollbit (RLB) has surged a jaw-dropping +104% in just 3-days as investors race to take position in the latest pump.
Rollbit (RLB) is the native token for a crypto and NFT casino with more than 1,000+ digital games available for gambling aficionados, but recently the token has seen explosive growth as crypto markets begin to recognise the real utility underpinning this vertical.
Rollbit Price Analysis: Is it too late to buy RLB?
With Rollbit pushing high, RLB is trading at a current price of $0.20 (a 24-hour change of +10.19%).
This comes amid a rally that shows no signs of slowing down, as the 20DMA provides strong support for ongoing price action.
The +104% rally was triggered on August 8 when RLB reclaimed critical support from the 20DMA, and price has now pushed up to touch $0.24 – forming a new all-time high.
As technical structure continues to form a tight ascendant trading channel, all eyes are now on the RSI, which appears to have over-heated significantly on the recent upside swing to display serious bearish divergence at 68.98.
The MACD contrasts this, reflecting the impressive rally momentum with bullish divergence at 0.0023.
Upside targeting at this stage is focused on $0.24 (+16.4%) reaching this level would see a key ceiling of resistance smashed, and price exploration would be back on the menu for RLB.
However, downside risk remains relevant, as price continues to push up away from the 20DMA and with the RSI overheating a return to the moving average at $0.185 (-10.28%) could be on the cards.
This leaves Rollbit with a risk: reward ratio of 1.59, suggesting it is not too late to buy Rollbit with the Gamblefi narrative showing no signs of slowing down.
Tired of Missing the Latest Pumps? Discover Launchpad XYZ and Level Up Your Trading
Introducing Launchpad XYZ (LPX), an innovative ecosystem designed to lower the entry barrier to Web 3.0 with user-friendly tools, insights, and analytics.
Whether you’re a seasoned crypto user or just starting, this platform offers a range of features, such as NFT discovery, a decentralized exchange (DEX), a Web3 wallet, and utility token analysis.
At the heart of the Launchpad XYZ ecosystem lies the $LPX token – holders who stake a minimum of 10,000 tokens can reap numerous benefits, including substantial fee discounts, exclusive early access to NFT mint whitelists and presales, beta play-to-earn game launches, as well as cool community prestige badges.
The platform’s intention to list LPX on major cryptocurrency exchanges is expected to drive significant demand for the token.
Following the introduction of its primary features in Q3 2023, Launchpad XYZ anticipates a substantial user adoption.
With its maximum token supply of 1 billion, $LPX is set to launch on crypto exchanges later this year with a fully diluted market cap of $70 million. This makes it a platform to watch in the rapidly evolving crypto industry.
Given its comprehensive suite of features and ambitious vision, Launchpad XYZ is set to break barriers and redefine the crypto space.
As it facilitates an inclusive Web3 ecosystem, the $LPX token is proving itself a promising opportunity for investors. Whether you’re new to the crypto world or a seasoned investor, Launchpad XYZ is one platform you can’t afford to overlook in 2023.
Explore the latest Web3 presale projects, P2E Hub for gaming, the Metaverse Experience Library, and the Trading Terminal for an immersive experience.
Future developments include a marketplace for fractionalized assets, a Trading Edge Game, and creator tools for brands.
Don’t miss out on the opportunity to invest in Launchpad XYZ, a promising project with the potential for significant growth.
For more information, visit Launchpad XYZ today, also stay tuned with the project Twitter and Telegram to receive all of the latest updates and team news.
Buy LPX Here
.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.
Read the full article here
