A little update for those gamblefi coins after 1.5 months
Prices from January 31 to Current price:
$RLB (Rollbit) $0.0817->$0.0885 (+8.32%)
$BCB (BlockchainBets) $0.00175->$0.000863 (−50.69%)
$TGC (TGCasino) $0.1168->$0.1191 (+1.97%)
$BAZED (BazedGames) $0.0404->$0.00693 (−82.7%)
$SCS (SolCasino) $0.0023->$0.00159 (−30.87%)
$WIK (WickedBetCasino) $0.01->$0.0053 (−47%)
$WINR (WINRProtocol) $0.023->$0.012 (−47.83%)
$SHFL (Shuffle) since ath -78%, from Jan 31 to Current price: $0.234->$0.1733 (-25.94%)
Added shuffle there because it's 2nd biggest casino coin so it's important to track it too
As you can see some casino coins that are -90% can easily dump another -50% and $RLB is and will keep outperforming all casino coins hard because of the revenues they make and hourly buy and burn. Rollbit is years ahead with tokenomics because of burning for years already (First through lottery fee and now with BnB system) while most of the other coins have heavy inflation through unlocks.
$RLB to $2.30
I’ve always been super interested in tokenomics and the economic experiments that Crypto allows.
There are very smart people looking at game theory and from how it is explored in projects such as OHM that we can learn a lot from. OHM was a great idea but had a massive flaw. There was nothing tangible besides a high APY and prisoners dilemma narrative to support the price. Today I’d like to explore what happens when instead just of a narrative, you have one of the largest cash generators in crypto instead.
Juxtapose this with $RLB. In this post I will argue that rlb has some of the best tokenomics and potential narrative in Crypto. In fact, as RLB is based on a super successful business and uses actual revenues to support its token, it simply needs people to understand the upside. Combining buy and burn using real revenues + a constant product formula should = outsized token price..
So let’s look at $RLB current liquidity. RLB has 4 pools - 3 on chains with RLB combined with USDC, USDT and 4th respectively and 1 on site. There are roughly 88 million tokens and 5.6 million dollars in liquidity in total.
Well, @rollbitcom buys each and every hour. In fact, over the last year over 70 million has been bought and burned from revenues of over 600 million (please see chart 1). So what happens in a magical world where buying and selling simply stops.. Well, I asked Claude. You can see the details below. (Chart 2) Basically if buying pressure = selling pressure for 2 months, from simply the buy and burn we will see roughly a 4x past all time high.. If we extrapolate that for a year, we are at 2 dollars. Now that the largest holder is out, and RLB does not have 100 million tokens of sell pressure anymore, Buy and Burn can begin to run its course. And if the narrative does come back to gamble-fi.. well, look out..
On a quick note, I’m sure ill get some morons here says sCaM or something.. Ive covered that in other posts showing flows into Rollbit and expected revenues. Everything from what I can see lines up. If you can’t come up with anything to actually prove your assertion, then you are adding 0 value. Rollbit has been around for 5 years, and is getting a UK license.
Finally - as we have just seen what looks to be a UK license and a push into Chinese distribution by the @rollbitcom team. With increased marketing and growing crypto adoption we could easily see revenues at multiples. Its easily conceivable that Rollbit is generating 2 billion in revenues and buying 200 + million in buy backs.. Well, what happens in this case, you can see below. Even Claude seems to agree with me. If we can just all (3,3) - and let buy and burn run its course.. well have a look at the numbers below..
$RLB - A Gambling Season Contender?
According to data from https://t.co/1BiUGkxjWJ, Smart Money 0x209d (https://t.co/8Qz9dvS3RR) has purchased 1.36M $RLB ~ $101.3K in the last 12 hours.
Immediately, the wallet 0x209d has transferred the entire amount to 0x5f89 (https://t.co/WOPbDxPhR2), the total holdings of this wallet are now 5.9M ~ $436.23K.
A notable point about the 0x5f89 wallet is that it has been inactive for over 7 months and has only become active again in the last 2 days. Prior to this, the 0x5f89 wallet was very active during the 50%-146% growth period of $RLB (7-11 months ago)
🐳Trading Data can be found here: https://t.co/cDj1ytO5WF
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According to @Izzybelleth analysis, the potential of $RLB, emphasizing the "buy and burn" mechanism and forecasting a significant price increase from $0.0642 to $3.39 within a year.
The post compares with the $OHM project and shows that $RLB has a stronger foundation due to actual revenue. Rollbit, the platform behind $RLB, has been in existence for 5 years and is expanding into new markets, including China.
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What do you think about @rollbitcom, is it a good time to invest in? 😋
#iCrypto
"Rollbits numbers are fake, the buyback and burns arent real". If you still believe this, take a look at https://t.co/oggkJRoX4b You can see some numbers that may surprise you. Just eth deposits alone last month equated to over 160 million USD. And thats not counting BTC, Sol etc... Assuming a drop rate of 35 percent (this generally is what retail brokers work off of) and you get a very healthy business and a token that is super undervalued $RLB @rollbitcom
Substantial growth followed by excessive profit-taking resulted in a prolonged lateral distribution range, which has apparently led to fear and doubts. The recent capitulation after the AMA completed the panic and anger stages and most likely marked our point of maximum financial opportunity. The cycle is as real as the buy & burn and the revenue.
We are extremely excited to announce that Rollbit has partnered with @FaZeEsports and will become the Official Counter-Strike Gaming Partner! 🤝
We look forward to working with and cheering them on during the upcoming season! #FaZeUp
Player 'Gary Gensler' timing $BTC volatility with perfection on 1,000x leverage! 📈📉
Careful what you read on the internet. The best source of information about the SEC is the SEC.
The @rollbitcom revenue is up only and has contributed to massive 🔥 on chain recently. No only are LPs printing but 39.9% of the $RLB supply has been burned in the 2yr since launch inQ4 2021.
$RLB circ supply will go below 3b later today.
Expecting sportsbook & rev share updates s👀n. 🙏