Rollbit Price Prediction as RLB Rockets Up 50% in a Week – Are Whales Buying?
The price of Rollbit Coin (RLB) has gained by 6% in 24 hours and by 50% in a week, with its current price of $0.117994 also representing a massive 100% gain in the past month.
Even more impressively, the altcoin – the native token of the Rollbit casino/games platform – has surged by over 7,000% in the last 12 months, while it's also up by over 12,000% since the coin was added to exchanges in the first half of 2022.
This week's surge has come largely as a result of RLB being listed by major CEX Poloniex, which has seen the altcoin's overall trading volume shoot up massively.
And while it could argued that RLB may be very close to being overbought right now, it still seems to have momentum on its side, with more rallies likely incoming.
There's little question that Rollbit is the strongest top-100 coin in the market at the moment, at least in terms of its technical indicators.
RLB's relative strength index has shot up to 70 in the past couple of days and remains high, indicating ongoing momentum that may continue for several days yet.
It's a similar story with the coin's 30-day moving average (yellow), which has begun climbing very steeply above its 200-day average (blue), which again signals the possibility of further rises before momentum is lost.
As noted above, RLB's Poloniex listing is the major cause of the coin's rallying in recent days, representing one of the altcoin's first listing on a major centralized exchange.
The listing could be regarded of signs of things to come for Rollbit, with the coin also being boosted massively by its migration from Solana to Ethereum in late June, something which has probably been the biggest factor in its recent growth.
Additionally, there are signs that whales are currently buying the
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