The next crypto bull run will be led by altcoins and the GambleFi sector is already seeing significant interest from whales.
Rollbit Coin is currently witnessing a strong bullish reversal and is up by 65% over the past month. Experts believe that RLB could even still see 10x growth in the coming bull run.
Whales are also stacking Mega Dice and Memebet Token, two of the newest low-cap GambleFi tokens. Analysts believe that these could offer as much as 100x returns to the early buyers, making them some of the best crypto to buy now.
Experts Bullish on Rollbit Coin
Rollbit Coin is the top cryptocurrency in the GambleFi sector, with a market capitalization of nearly $270 million.
However, experts believe that RLB is undervalued, despite the 65% rally in its price in the past month.
For instance, Rollbit has the lowest Price-to-Sales ratio of 0.65 among its peers, data from GLC (GL_Capital) reveals. In comparison, Aave has a P/S ratio of 6.67 while Pendle has a staggering 26.94.
Simply put, Rollbit Coin has a substantially lower market cap as compared to its peers, considering its high revenue.
The Rollbit Casino’s revenue is also expected to see a strong uptick in the coming months, with the NFL season having just started and the NBA season to commence soon. The EPL and MLB seasons are already underway.
Rollbit is also a partner of Southampton F.C., one of the most popular Premier League teams.
Moreover, $RLB has a strong deflationary mechanism. Rollbit burns 10% of its casino revenue, 30% of Futures revenue and 20% of sports betting revenue, making RLB’s current valuation even more undervalued.
Furthermore, Rollbit Coin hasn’t been listed on a top-tier CEX yet, which is expected to change in the coming weeks.
5/ Market Cap Predictions As you can see, focusing on our base case with a price of $0.54 & our optimistic case reaching up to $1, $RLB would only reach a market cap between $1 billion and $2,1 billion. Personally, $2,1 billion Mcap for a project generating $360M in annual… pic.twitter.com/jFfz8dc43G
— GLC (@GL_Capital_) September 10, 2024
It is therefore no surprise that experts are projecting a strong bullish trajectory for RLB over the coming weeks.
GLC estimates that Rollbit Coin could reach a market capitalization of $2.1 billion in the next bull run, making it one of the best crypto to buy now.
Meanwhile, popular crypto trader Cevo (@cryptocevo) expects the RLB price to peak somewhere between $1 and $3 in the coming months.
It took some time but $RLB gave us a 2x again. This is just the beginningExpecting $1-3 https://t.co/njqTUKkcUa
— cevo (@cryptocevo) September 11, 2024
However, the bulls need to flip some key resistance levels first. RLB has finally breached its 200-day Simple Moving Average for the first time in 9 months.
The bulls would now hope to flip the 50-week EMA and SMA, both of which are trading in the $0.105 and $0.117 range. The 10-month Simple Moving Average at $0.102 is another key target.
New GambleFi Tokens The Best Cryptos To Buy Now?
A rally in Rollbit Coin is also bullish for low-cap gems in the GambleFi sector. Unsurprisingly, crypto whales are already targeting such tokens.
For instance, a whale purchased nearly $50k worth of Memebet Token (MEMEBET) today on Thursday. It is also not the only one. The MEMEBET presale has raised over $200k in funding in just over a day.
Indeed, Memebet Casino - the first-ever meme coin betting platform - is off to a blazing start. It has already secured landmark partnerships, recently becoming the Regional Sponsor of the Argentina National Football Team.
Owing to its integration of meme coins, Telegram-based UI and wide-ranging perks for holders, experts are seeing it as a major competitor to Rollbit.
Similarly, whales are stacking Mega Dice (DICE), another low-cap GambleFi gem that is set to launch in September.
For instance, two deep-pocketed investors purchased $20k worth of DICE each in the past 24 hours alone. Behind such heavy buys, Mega Dice has raised $1.8 million in its presale funding.
Mega Dice is the first GambleFi token on Solana, a fact that is creating quite a buzz. Similar to Memebet, it is available on Telegram, which bodes well for its mainstream adoption.
DICE’s monetary perks, ongoing airdrop and sound tokenomics have impressed experts, who are now bullish on its upside potential. Some popular crypto traders are even aiming for 100x returns with it.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
