Rollbit Price Prediction as RLB Rockets Up 10% in 24 Hours – Will RLB Reach $1 Per Coin?

cryptonews.com:

Rollbit Coin (RLB), the native cryptocurrency of the Rollbit gambling platform that leverages the power of blockchain technology to ensure transparency and security, is up 10% in the last 24 hours as per CoinGecko.

The cryptocurrency’s latest recovery has seen it jump more than 35% from Monday’s lows in the $0.11 area, with RLB last changing hands just below $0.15.

RLB is now trading back to the north of its 50DMA, suggesting its recent pullback from the record highs it printed back above $0.21 in August may have come to an end, though RLB is yet to recover back above its 21DMA, which was last just above $0.16.

RLB continues to trade an impressive nearly 500% up from its decentralized exchange (DEX) launch price around $0.025 in late June, making it one of the best-performing cryptocurrencies of the summer.

Rollbit (RLB)’s bullish momentum has waned since August.

But with a still modest market cap of under $500 million and continued on-chain growth – at least, in terms of ETH, ERC-20 and SOL deposits – RLB could well continue going higher.

As per a Dune dashboard, Rollbit’s ETH and SOL balances continue to trend higher, although BTC deposits have stagnated.

RLB is on the verge of breaking to the north of a downtrend that has been in play since late August, a quick rally back to the yearly double top in the $0.21 area is on the cards.

Given its impressive gains so far since launching on DEX’s, some are predicting RLB could rally a further 7x to hit $1 per token.

At the current token supply of just under 3.3 billion, a RLB price of $1 would imply a market cap of $3.3 billion.

With the broader crypto market still stuck in the throws of the 2022 bear market, a rally to these sort of price levels in the near future remains unlikely.

Shi