Token

Solana

Uniswap

<p>The RLB token has experienced massive growth in 2023, rising over 19,000% to become a top 100 cryptocurrency by market cap.</p>
<p>However, after gaining greatly it has pulled back some in recent weeks, trading around $0.17. Still, <a href="https://x.com/CryptoStreamHub/status/1728379386397941761?s=20" target="_blank" rel="noopener noreferrer nofollow">according</a> to leading crypto analyst Crypto Stream, who has over 38k followers on the (former Twitter) platform X, RLB may still have significant upside potential.</p>
<p>In a recent deep dive analysis on Rollbit, Crypto Stream laid out a compelling case for why RLB could continue climbing despite its parabolic rise already. As he said, “Rollbit is officially the best-performing token this year.” Let’s take a closer look at some of the key points he made:</p>
<p>Rollbit operates one of the largest crypto casinos and offers games, sports betting, and crypto futures trading.</p>
<p>While this may not seem unique, Crypto Stream pointed out that <em>“The special thing about Rollbit is the amount of revenue it generates.”</em> Rollbit saw $50 million in total revenue across its casino ($33.8M), futures ($11M), and sportsbook ($6.6M). As Crypto Stream remarked,<em> “This revenue was generated in only 30 days!”</em></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="870" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-721-1024x870.png" alt="" class="wp-image-385305" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-721-1024x870.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-721-300x255.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-721-768x652.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-721-1536x1304.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-721-2048x1739.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-721-177x150.png 177w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-721-100x85.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-721-412x350.png 412w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-721-788x669.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-721.png 1393w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Perhaps most interesting is what Rollbit does with this substantial revenue. As Crypto Stream noted, “Rollbit uses this revenue to buy back the RLB token from Uniswap &amp; burn it. In the last 24 hours alone, $318k was spent on buying and burning over 1.7 million RLB tokens. Crypto Stream emphasized, <em>“I know that sounds unbelievable … But it’s fully traceable on the chain!”</em></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="358" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-720-1024x358.png" alt="" class="wp-image-385297" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-720-1024x358.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-720-300x105.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-720-766x268.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-720-1536x537.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-720-2048x716.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-720-429x150.png 429w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-720-100x35.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-720-1001x350.png 1001w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-720-788x275.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The analyst also dove into RLB’s tokenomics. The token initially launched on Solana before transitioning to Ethereum. Around 40% of the total circulating supply has already been burned. As Crypto Stream concluded, “Let’s put things into perspective: Rollbit has annualized revenue of $600m but its marketcap is only $564m.”</p>
<p>In closing, Crypto Stream acknowledged that Rollbit’s growth does seem <em>“unbelievable” </em>but said <em>“they do indeed buy back &amp; burn around $300k RLB every day.”</em> He believes there is still significant potential given Rollbit’s revenue generation outpacing competitors but its small market cap and lack of major exchange listings.</p>
<p>As Crypto Stream says, <em>“What do you think?” </em>RLB could prove to be one of the biggest investment opportunities in crypto based on these compelling fundamentals.</p>
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<p>The post <a href="https://captainaltcoin.com/is-rollbit-still-rolling-analysis-points-to-further-upside-for-rlb-token/" rel="noopener noreferrer nofollow">Is Rollbit Still Rolling? Analysis Points to Further Upside for RLB Token</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Is Rollbit Still Rolling? Analysis Points to Further Upside for RLB Token

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