New GambleFi Token gets stronger in Memebet Presale
A crypto veteran who has been in Bitcoin since 2016 says that market leader GambleFi's token Rollbit is “very undervalued” and points to big gains on the horizon.
The GambleFi narrative has picked up pace recently, with front-runner RollBet and newcomers like Memebet Token all showing strong potential.
Rollbit to 50X Revenue, Burn and Bullish Chart Says Mags
Mags is a well-known trader in the crypto industry who has been around since 2016.
In a recent analysis, he said, “One narrative can yield 10-50x profit alongside meme coins.”
Of course the analyst was talking about GambleFi.
According to the magazine, Rollbit has a market capitalization of $172 million with daily revenue of $500,000.
For reference, DeFillama's data shows only 12 projects that generated $500K or more in 24-hour revenue.
Moreover, Mags emphasized that more than 51.7% of the total supply has been burned, which means that the token is more scarce and, therefore, vulnerable to future selling pressure.
And finally, he pointed to Rollbit's price chart, saying, “It's creating a scary structure.”
RLB broke above trendline resistance, combining to form higher highs.
This shows that the momentum is turning to strength after a bearish period, which could indicate a macro reversal to the upside.
Mags ended his tweet by saying, “We'll meet in the billions,” hinting at RollBit's future market cap.
While Rolbit's fundamentals are strong, the analyst's thesis revolves around the promising GambleFi narrative.
“Most of the coins from this narrative are still close to their roots, and no one is paying attention yet,” he wrote.
This presents a unique opportunity, allowing investors to take advantage of being early. As GambleFi tokens start to evolve and people take notes, they can attract a lot of new liquidity, causing their value to increase.
As mentioned, Mags said that another category that can be 10-50x is meme coins. So perhaps the best GambleFi token to buy right now is Memebet, a new meme coin casino on presale.
New GambleFi Token Goes Strong in Memebet Presale – Is it the Next Rollbit?
Memebet is a new crypto casino that allows users to wager any top meme coin on thousands of games and sportsbook events.
Investors will appreciate such innovative facilities at a time when meme coins are the most sought-after crypto assets.
Memebet Casino will launch as a Telegram and web app, ensuring wide reach. Additionally, it will be KYC-free, meaning users can start setting up and betting within seconds.
Memembet aims to attract users through various rewards schemes and community initiatives. Specifically, Airdrop Season 1 will run during the pre-sale period and $10,000 will be paid out among the winners.
Betting the $MEMEBET token qualifies users for an airdrop. Gambling with $MEMEBET opens access to all the platform's exclusive rewards and features, so the demand increases with the popularity of the casino.
The pre-sale is generating strong interest, with over $470K raised so far and analysts tipping it for a strong profit. For example, RJ claims to have the potential to increase in value by 100x from Cryptonews.
Meanwhile, Matthew Perry praised the unique opportunity to bring a completely new facility to the Mim Coin space, saying he's “exploding.”
Today, investors can buy $MEMEBET at a discounted price of $0.0259, but this will increase throughout the ICO. The next increase will come in a day.
Visit the Memebet Token Presale
