{"id":62903,"date":"2023-09-19T08:13:57","date_gmt":"2023-09-19T12:13:57","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/is-rollbit-coin-going-to-zero-rlb-price-drops-10-overnight-as-new-bitcoin-startup-raises-3-million\/"},"modified":"2023-09-19T08:14:01","modified_gmt":"2023-09-19T12:14:01","slug":"is-rollbit-coin-going-to-zero-rlb-price-drops-10-overnight-as-new-bitcoin-startup-raises-3-million","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=62903","title":{"rendered":"Is Rollbit Coin Going to Zero? RLB Price Drops 10% Overnight as New Bitcoin Startup Raises $3 Million"},"content":{"rendered":"
\n

One week after leading GambleFi project Rollbit (RLB) launched its European expansion campaign with SSC Napoli, price action has taken a tumultuous turn for the worst as RLB tumbles -10% overnight, leaving some asking ‘is Rollbit coin going to zero’?<\/p>\n

The major sporting partnership with the Serie A team fuelled huge optimism in the crypto community, with bag-holders arguing the partnership was testament to Rollbit’s massive revenue over the past month.<\/p>\n

Despite the downside price action, Rollbit appears to be showing no signs of distress, with volumes surging to all-time highs across all three project revenue streams (casino revenue, crypto futures revenue, and sports revenue).<\/p>\n

<\/oembed><\/figure>\n

Better yet? A deflationary burn-mechanism is in full force – with 0.1% of RLB supply being burned in just the last 24-hours – suggesting that much of the recent downside relates to paper-handed investors.<\/p>\n

RLB Price Analysis: As Rollbit Drops -10% is RLB Going to Zero?<\/strong><\/h2>\n

Amid the sudden downside move, Rollbit is currently trading low in the trading channel at a market price of $0.12 (representing a 24-hour change of 0.00% as price action remains incredible tight-fought).<\/p>\n

The -19% bleed-out over the past 48-hours was triggered on September 17, when RLB was rejected from stiff resistance around the gently descendant 20DMA.<\/p>\n

This came after a strong display by RLB, which bounced off lower trendline support +40% from September 12 to re-test the 20DMA.<\/p>\n

With price now sat back above lower trendline support, a second bounce from here would bode well for technical structure – creating a zone of double-bottomed support.\u00a0<\/p>\n

The downside move is significant in cooling-down RLB’s RSI indicator, which has dropped down from an overbought signal at 53 to an oversold signal at 44.<\/p>\n

With price structure now considered over-sold a bounce from here could be likely; with the previous bounce from lower trendline support on September 12 triggering at a low of 39 on the RSI.<\/p>\n

As for the MACD, the outlook on this indicator remains bearish divergence at -0.0029.<\/p>\n

Overall, current RLB’s troubled posture could conceal silver-linings, a bounce from the lower trendline here as suggested by the RSI could leave RLB poised for a re-test with the 20DMA (this time with double-bottomed support).<\/p>\n

This leaves RLB with an upside target at $0.1525 on the short-time frame (+18.22%).<\/p>\n

While downside risk here remains limited by lower trendline support at $0.12 (-6.98%).<\/p>\n

Rollbit’s risk: reward ratio is therefore stood at 2.61 – a strong entry with good upside potential from here.<\/p>\n

But while RLB is enduring downside moves, an emerging Bitcoin derivatives presale is making significant headway as its skyrocketing presale surges past a whopping +$3m.<\/p>\n

Market Interest Gravitates to Bitcoin Derivatives as Bitcoin BSC Raises +$3M<\/strong><\/h2>\n

On-Chain Summer has given rise to an emerging vertical of Bitcoin off-shoot projects. While the term “Bitcoin derivative” might raise eyebrows, here\u2019s what it signifies: a digital asset that leverages the strengths of Bitcoin and, at the same time, offers enhancements to rectify its challenges.<\/p>\n

And with more than $2.6M raised this is what has markets so excited about Bitcoin BSC.<\/p>\n

BTCBSC’s commitment to retaining Bitcoin’s cherished tokenomics, including the iconic 21 million token cap, ensures familiarity, while its unique offerings make it stand out.<\/p>\n

<\/oembed><\/figure>\n

One can’t help but marvel at BTCBSC\u2019s integration with BSC (Binance Smart Chain), promising lightning-fast transaction times and minimal fees.<\/p>\n

Forget the 10+ minute wait times of traditional Bitcoin; with BTCBSC, your transactions are confirmed in under five seconds, all for a mere $0.10.<\/p>\n

This enhanced efficiency opens the door for broader usability, ensuring BTCBSC’s relevance for a range of dApps, from microtransactions to significant financial remittances.<\/p>\n

But that’s not all, BTCBSC’s adoption of proof-of-stake over proof-of-work offers a greener, more sustainable mechanism that’s in line with contemporary environmental concerns.<\/p>\n

By doing so, it ensures that the energy concerns that often plague traditional cryptocurrencies are a thing of the past.<\/p>\n

>>>> Buy Bitcoin BSC Here <<<<<\/strong><\/p>\n

Delivering Staking to Bitcoin: How Proof of Stake Changes the Game for Holders<\/strong><\/h2>\n

BTCBSC isn’t just a token; it’s an investment strategy – focused on: Staking, which has become a focal point in the DeFi space, takes center stage in the BTCBSC ecosystem.<\/p>\n

The benefits are two-fold: it offers token holders a lucrative yield (imagine an APY of 8-10%!) and it promotes long-term holding, reducing the notorious price volatility often seen with new crypto projects.<\/p>\n

By distributing a staggering 69% of the total token supply as staking rewards over 120 years, BTCBSC not only incentivizes holding but promises sustained and stable growth.<\/p>\n

>>>> Buy Bitcoin BSC Here <<<<<\/strong><\/p>\n

Seize the Moment: The BTCBSC Presale Surges to $3M+ Raised in First Week<\/strong><\/h2>\n
<\/oembed><\/figure>\n

Now comes the crux: the BTCBSC presale -a limited-time opportunity, the presale offers 29% of the total token supply to early participants at a tantalizing price of $0.99 per token.<\/p>\n

Comparing this to Bitcoin\u2019s 2011 price gives a nostalgic yet optimistic perspective on BTCBSC’s potential.<\/p>\n

With liquidity already locked via Unicrypt and a soon-to-be launch on PancakeSwap, the prospects for BTCBSC are incredibly promising.<\/p>\n

The parallels to the surges seen in other Bitcoin derivatives, like BCH and BTC20, cannot be ignored.<\/p>\n

BTCBSC is poised to not only emulate, but potentially surpass these successes, especially with its strategic staking model.<\/p>\n

So in ever volatile crypto markets, BTCBSC emerges as a beacon of innovation and promise – delivering advanced features, combined with the trustworthiness of Bitcoin’s legacy, has seen BTCBSC break-out as a top tier investment opportunity.<\/p>\n

As the crypto community eagerly watches the BTCBSC journey, it\u2019s clear that this is more than just another token; it’s a movement, a strategy, and most importantly, an opportunity.<\/p>\n

Join the future; join the BTCBSC revolution. Stay tuned for the latest ICOs.<\/p>\n

>>>> Buy Bitcoin BSC Here <<<<<\/strong><\/p>\n

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sub><\/i><\/p>\n<\/p><\/div>\n