Why Should Rollbit ($RLB) Investors Move To The New Scorpion Casino Coin?

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The Rollbit Coin (RLB) has been one of crypto’s biggest success stories in 2023, rising by more than 5,000% since the beginning of the year. With the recent better times in the crypto market, the token has enjoyed immense popularity.

RLB was launched as an integral part of the Rollbit lottery, with no ICO. Instead, Rollbit airdropped RLB tokens for free to existing users of its casino and trading platform. The lottery drives demand for the token, acting as entry tickets that give holders the chance to win a share of the casino’s profits. RLB tokens must be staked to enter the lottery.

The prizes come from a profit-sharing pool, where 20% of the casino’s daily profits accumulate over each lottery round.

RLB is currently trading around $0.115. Over the past month, the price has plummeted 17%, with a further 56% drop from its all-time high. Not even the Bitcoin ETF approvals earlier this month helped RLB make further gains this week.

The cryptocurrency has been on a consistent downtrend since peaking at $0.25 in mid-November. Since hitting the highs, $RLB has been slowly bleeding to land at the current $0.115 support, provided by a .886 Fib Retracement.

Looking ahead, if the sellers push beneath $0.115, the first support lies at $0.1. This is followed by $0.09, $0.08, and $0.064.

On the other side, $RLB would need to surpass resistance at $0.15 to circumvent the bearish narrative. Added resistance lies at $0.2, $0.23, and $0.25.

While RLB has seen immense growth, there are signs its meteoric rise may be losing steam as we move through 2024. This makes it prudent for investors to examine emerging alternatives that could become the