In October, Rollbit (RLB), the main GambleFi token, rose 10%, breaking resistance levels and gaining more users. The Slotober promotion, which rewards and challenges gamers, is helping the token. The Slotober promotion, which rewards and challenges gamers, is helping the token. Rollbit is expanding its ecosystem with RLB buys and burns and more holders.
Rollbit (RLB), the native token of the Rollbit platform, has seen a strong performance in October despite the volatility in the crypto market. The token has gained 10% in the past week, reaching a market price of $0.15 at the time of writing.
It has also broken above the 20-day moving average (DMA), which has acted as a support level for most of the recent price action.
Rollbit has over 30 million users and has paid out over $500 million in winnings.
Rollbit is one of the pioneers of GambleFi, a new sector that merges gaming and finance, creating new opportunities for entertainment and wealth creation.
GambleFi aims to provide more transparency, fairness, and innovation to the online gambling industry, which is often plagued by fraud, manipulation, and high fees.
It also leverages the power of blockchain technology, smart contracts, and tokenomics to create more engaging and rewarding experiences for players and investors.
RLB Benefits from Slotober Promotion and Ecosystem Expansion
One of the main drivers of RLB’s rally is the ongoing Slotober promotion, which started on October 1st and will last until October 31st.
Slotober is a month-long event that offers various rewards and challenges to Rollbit users who play slot games on the platform. Users can earn free spins, cash prizes, RLB tokens, and NFTs by completing different tasks and reaching certain milestones.
Slotober also introduces new referral codes that allow users to create sub-balances and track their progress separately. It has boosted the demand and utility of RLB tokens, as they are used as entry tickets for the lottery and as rewards for completing challenges.
The event has also attracted more users to the Rollbit platform, increasing its user base and revenue.
According to DappRadar, Rollbit has over 10,000 daily active users and over $2 million in daily volume.
Another factor that has contributed to RLB’s rally is the expansion of its ecosystem, with new features and developments that enhance its value proposition.
For instance, Rollbit has introduced RLB buys and burns this month, where 20% of all RLB deposits are used to buy back RLB from the market and burn them permanently.
This reduces the supply of RLB tokens over time, creating deflationary pressure and supporting price growth.
Rollbit has also seen a surge in RLB holders, who have reached over 10,000 as of October 14th. This shows that more people are interested in holding RLB tokens for their long-term potential and benefits.
The token holders can enjoy various perks on the Rollbit platform, such as lower fees, higher leverage, exclusive promotions, and access to NFTs.
RLB vs. Other GambleFi tokens: A Comparison of Price, Volume, and Market Cap
RLB is one of the top performers among GambleFi tokens, outperforming most of its peers in terms of price appreciation and market capitalization.
According to CoinGecko, RLB ranks #80 among all cryptocurrencies, with a market cap of over $430 million.
RLB has gained over 7% in the past 14 days, while other popular GambleFi tokens such as WINkLink (WIN), FunFair (FUN), Decentral Games (DG), and BetProtocol (BEPRO) have lost between 5% to 15% in the same period.
Rollbit also ranks #1 among GambleFi tokens in terms of trading volume, with over $2 million in daily volume on exchanges such as Uniswap v3 (Ethereum), LBank, Orca, Poloniex, and ExMarkets.
RLB has a high liquidity ratio of over 0.5%, meaning that there is enough supply and demand for RLB tokens on the market.
The recent rally of RLB indicates that the token is gaining momentum and recognition in the crypto market, as it showcases its unique features and advantages as a GambleFi token.
RLB is benefiting from the growing popularity and innovation of the Rollbit platform, which offers its users a variety of casino games and crypto trading options.
The token is also supported by a strong community and a loyal user base, who participate in the profit-sharing lottery and the Slotober promotion.
