Rollbit, a prominent cryptocurrency sportsbook and casino, has seen significant growth recently in its token $RLB value.
The platform, which debuted in 2019 and offers gaming, sports betting, futures trading, and NFT options, experienced a 20% price surge in the past 24 hours and a 30% increase over the last week.
Data from iCrypto.ai reveals that a smart money investor, identified as wallet 0x209d, purchased 1.36 million $RLB worth approximately $101.3K in the last 12 hours. This entire amount was then transferred to wallet 0x5f89, bringing its total holdings to 5.9 million $RLB, valued at around $436.23K.
Notably, wallet 0x5f89 had been inactive for over seven months but became active again in the last two days. This wallet was previously active during a period of 50%-146% growth for $RLB, seven to eleven months ago.
According to analysis by @Izzybelleth, $RLB has significant potential, largely due to its “buy and burn” mechanism.
Projections Places $RLB Token Price At $3.39 Within A Year
This mechanism is expected to drive a substantial price increase, potentially raising $RLB from its current $0.0642 to $3.39 within a year. The analysis compares $RLB to the $OHM project but highlights that $RLB has a stronger foundation due to its actual revenue.
$RLB – A Gambling Season Contender?
According to data from https://t.co/kFF8LDumzs, Smart Money 0x209d (https://t.co/qxCitmFO8q) has purchased 1.36M $RLB ~ $101.3K in the last 12 hours.
Immediately, the wallet 0x209d has transferred the entire amount to 0x5f89… pic.twitter.com/4EVocvPPMe
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) June 25, 2024
Rollbit’s platform, which has been operational for five years, is expanding into new markets, including China, further bolstering its growth prospects. The recent surge in $RLB’s price, coupled with strategic investments from notable wallets, underscores the growing confidence in Rollbit’s long-term potential.
As Rollbit continues to innovate and expand, its $RLB token is positioned for continued growth, making it a cryptocurrency to watch in the coming months. The strategic activities of key investors and the platform’s robust foundation suggest a promising future for $RLB.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: dvigalet/123RF // Image Effects by Colorcinch
The post Rollbit Gains Momentum: $RLB Surges 20% In 24 Hours As Smart Money Bets Big appeared first on The Merkle News.
