Rollbit's Revival
Rollbit's casino business is going from strength to strength, while its native token shows signs of a reversal.
Preview
TLDR
- Rollbit’s RLB topped out in November 2023, then proceeded to drawdown by -83%. After failing to break down further in August, RLB has begun to show strength.
- RLB’s initial run up was not without controversy surrounding the team and platform, but these concerns have since subsided. Rollbit earned a UK gaming license this summer and entered the UK market, bolstering confidence in the operation’s legitimacy.
- Rollbit offers casino games, sports betting, and futures trading. The site has reportedly seen $23 million in betting volume and margin trading over the last 30 days.
- This volume has seen Rollbit’s buy-and-burn program ramp up significantly.
- We consider a long setup for RLB.
