CryptoEconomy

Is It Too Late to Buy Rollbit Coin? RLB Price Surges 30% and Launchpad Can Find the Next Crypto to Explode-TGN

Pixabay / LoggaWiggler

Leading GambleFi token Rollbit (RLB) has surged +44.5% week-on-week, as bag-holders mount an impressive defense of lower trading range.

This comes as big influencers on crypto twitter remain bullish on Rollbit, despite a wider backdrop of declining value for most altcoin projects.

GambleFi has gained interest as a narrative in recent weeks, with markets excited about the growth prospects for crypto projects taking aim at the $63Bn online gambling space, with particular traction growing around market leader RLB which surged +197% so far.

Source / Grand View Research

But despite the unhinged growth that could be unlocked by this emerging sector, RLB has been caught in a troubling position on the charts recently as RLB has fought to regain bullish position atop the 20DMA.

RLB Price Analysis: Is it Too late to buy Rollbit?

As Rollbit pushes up, RLB is currently trading at a market price of $0.19 (a 24-hour change of +6.55%).

This comes amid a significant recovery for RLB, which jumped up +35% over the weekend to reclaim bullish technical position atop the 20DMA.

TradingView / RLB USDT

The upside move represents a healthy reversal for Rollbit, which suffered suppression under local resistance from the 20DMA for 16 days since August 13.

Now with strong technical footing, price is poised to push up to a higher support level at $0.24.

However, there could be some cause for concern – the recent upside swing saw the RSI heat-up to 58 – in a sign of increased bearish divergence as price becomes overbought.

While the MACD also reflects this bearish sentiment with divergence at -0.0011.

This could indicate a need to consolidate at current levels on the short-time frame, before upside momentum resumes.

TradingView / RLB USDT

Yet, while consolidation might be on the cards, RLB continues to target an upside move to $0.24 (a potential +24.3% increase).

While downside risk here is increasingly significant, as a tumble from the 20DMA could see a return to $0.14 (a possible -27.5% fall).

This leaves RLB with a risk: reward ratio of 0.88 on the short-time frame, a bad entry characterised by downside risk – suggesting it could be too late to buy Rollbit.

But while you might have missed the RLB recovery move, the best DEX traders are already searching for their next lucrative play and an emerging AI analytics tool offers the promise of supercharged crypto market insights.

Launchpad XYZ: One Day Left to Join AI Insight Platform Used by Pro Traders

Source / Launchpad XYZ

There is less than a day left to buy Launchpad XYZ (LPX), an innovative ecosystem designed to lower the entry barrier to Web 3.0 with user-friendly tools, insights, and analytics.

Whether you’re a seasoned crypto user or just starting, this platform offers a range of features, such as NFT discovery, a decentralized exchange (DEX), a Web3 wallet, and utility token analysis.

At the heart of the Launchpad XYZ ecosystem lies the $LPX token – holders who stake a minimum of 10,000 tokens can reap numerous benefits, including substantial fee discounts, exclusive early access to NFT mint whitelists and presales, beta play-to-earn game launches, as well as cool community prestige badges.

The platform’s intention to list LPX on major cryptocurrency exchanges is expected to drive significant demand for the token.

Following the introduction of its primary features in Q3 2023, Launchpad XYZ anticipates substantial user adoption.

With its maximum token supply of 1 billion, $LPX is set to launch on crypto exchanges later this year with a fully diluted market cap of $70 million. This makes it a platform to watch in the rapidly evolving crypto industry.

Given its comprehensive suite of features and ambitious vision, Launchpad XYZ is set to break barriers and redefine the crypto space.

As it facilitates an inclusive Web3 ecosystem, the $LPX token is proving itself a promising opportunity for investors. Whether you’re new to the crypto world or a seasoned investor, Launchpad XYZ is one platform you can’t afford to overlook in 2023.

Explore the latest Web3 presale projects, P2E Hub for gaming, the Metaverse Experience Library, and the Trading Terminal for an immersive experience.

Future developments include a marketplace for fractionalized assets, a Trading Edge Game, and creator tools for brands.

Don’t miss out on the opportunity to invest in Launchpad XYZ, a promising project with the potential for significant growth. 

For more information, visit Launchpad XYZ today, also stay tuned with the project Twitter and Telegram to receive all of the latest updates and team news.

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.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.

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