Is $RLB worth a buy? I believe it is and I will explain why, but there are some important factors to keep in mind first. It is currently priced at 0.12c, this is not an attractive buy for me at this level. After its recent impressive run to a peak of 0.20c, it's now in a cooling-off phase. My target to start entering would be around 0.07c or lower.
Now, let's dive into why I think $RLB has potential. Firstly, it boasts a robust set of deflationary tokenomics. These tokenomics, combined with the Buy & Burn mechanism that allocates 10% of Rollbit's Casino, 20% of its Sportsbook, and 30% of its 1000x Futures revenue for RLB's buy and burn program have proven to be a successful business model thus far.
Rollbit has also exhibited resilience over the past few years, regardless of market conditions, I think its innovative approach and its diverse product offerings have helped here. Whether in a bull or bear market, their products have consistently generated revenue. This demonstrates that the project has the strength to endure and is likely to remain resilient for the foreseeable future, reducing the risk associated with holding $RLB tokens as a longer term investment.
However, what many may not realize about this token is that while it's currently associated with a casino, Rollbit is evolving into more than just a high-volume crypto casino. It's also becoming a high-volume crypto derivatives exchange. I know several scalpers who use their platform for day trading, and the volume on their exchange reflects this traction. $RLB is transforming into more than just a casino token that offers opportunities within the casino's lottery system. It is on track to become an exchange token as well in my opinion. In the world of crypto, history has mostly shown us that high-volume exchanges that gain popularity their tokens tend to perform very well. Therefore, if Rollbit's popularity continues to grow I would be in the thinking that history could rhyme again here ands its token price could continue to rise also.
Overall while the current price may not be enticing, the combination of deflationary tokenomics, the Buy & Burn mechanism, Rollbit's resilience and its current evolution into an exchange token make $RLB worth considering for myself. Show Less
