Why are RLB investors frustrated? This Rollbit competitor could well achieve success

The end of 2023 and the beginning of 2024 were not so successful for Rollbit Coin (RLB). After being one of crypto’s biggest success stories in 2023, growing over 5,000% since the start of last year, RLB started to lose momentum at the start of the new year.

The token became extremely popular in 2023 as the crypto market rebounded and the Rollbit platform grew exponentially, awarding free RLB tokens to existing users in lieu of owning an ICO.

However, RLB investors have been frustrated by the lackluster price action lately. RLB entered a falling wedge pattern last November, from $0.26 to $0.12, losing 50% of its value, as shown in the chart below.

The token has found strong support at $0.12, in line with the Fibonacci retracement level of 0.886. The $RLB recently broke to the top of the wedge, indicating that a recovery could be possible, but resistance towards $0.2 is strong.

Whales appear to re-accumulate RLB. According to According to the CaptainAltcoin research team, RLB is leading new smart money purchases while whales are slowing their sales. The data is based on CoinSense.app which tracks real-time blockchain data to identify accumulation trends.

Miles Deutscher, a leading analyst, marked RLB as an ‘enigmatic artist’ disconnected from market movements. While near-term technicals are lackluster, revenues continue to rise. With the team announcements and the RLB approaching accumulation zone levels, Deutscher sees a tempting opportunity to build a position before the next bull cycle.

However, as RLB loses momentum, a new crypto presale was held Scorpio Casino (SCORP) quickly raised $3.5 million as investors sought new opportunities.

What is Scorpion Casino?

Scorpion Casino offers a licensed online crypto casino platform, which allows users to profit from gaming activities. Moreover, the project focuses on providing passive income to SCORP token holders.

Using casino winnings, Scorpion has set up an automatic SCORP buyback-and-burn mechanism. This creates a deflationary tokenomics structure that rewards long-term holders through increasing scarcity and value.

As adoption increases, so does the passive income potential for holders – up to $10,000 USDT per day for large token holders. Essentially, SCORP gives holders an ownership stake in casino winnings without any operational overhead.

SCORP price action

SCORP is currently selling during pre-sale for $0.027, significantly lower than its list price of $0.05 – a 45% discount. ETH, USDT and BNB can all buy SCORP.

Of the maximum supply of 1 billion, 280 million tokens will be allocated to pre-sales and 300 million to partner rewards.

Much of the explosive popularity of pre-sales comes from generous benefits for buyers and gamers. Those who contribute more than $100,000 will receive a 40% credit bonus.

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An exclusive Elite Scorpion Members Club also offers VIP service, cashback, enhanced wagering rewards and extra SCORP.

There are plenty of opportunities for all SCORP holders to earn passive income, play free games, receive weekly bonuses and get paid for referrals.

Upcoming BitMart listing

The platform announced an upcoming listing of its SCORP token on the popular exchange BitMart.

This listing marks an important milestone in increasing the visibility and accessibility of SCORP tokens to a broader investor base.

The integration with a leading global exchange like BitMart also opens up new avenues for growth and liquidity. As more crypto traders and gamblers buy into the SCORP ecosystem, platform adoption is likely to increase.

In turn, increasing usage directly fuels the deflationary tokenomics underlying the SCORP value. More activity means higher casino profits that are used to buy back and burn tokens, increasing scarcity.

Overall, between a hugely successful pre-sale and the upcoming stock market listing, Scorpion Casino is tactically positioned to achieve mainstream adoption and disrupt the crypto casino niche.

So while older projects like RLB stagnate, new opportunities like SCORP offer investors improved tokenomics and revenue potential. SCORP brings an innovative crypto casino platform with deflationary tokenomics that rewards holders with ownership and profit sharing. With pre-sale discounts waning, wise investors might want to consider this buy SCORP today.

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