Defining “fair value” in crypto is not easy, but there’s a huge gap between Rollbit’s adoption and market cap.
Will it explode in the upcoming bull market? Or will it stay a ‘sleeper’ coin?
Rollbit Is a Frontrunner In Revenue, Yet Remains Outside Top 200 By Market Cap
How do you determine value? Is it based on merit, future potential, or a mixture of both?
Rollbit has a huge discrepancy compared to almost every other crypto on the market:
In the past 24 hours, it has generated over $500K in revenue. Meanwhile, its market cap sits at $236 million. Keep that in mind.
DeFiLlama data reports that only four cryptos have processed more volume: Tether, Circle, Ethereum, and Tron.
All four are valued in the multi-billions. Tron is the smallest, with a $13.1 billion market cap.
Some projects that have processed less revenue in 24 hours include Uniswap ($4 billion market cap) and Solana ($68 billion market cap).
Indeed, revenue is not the only factor driving a crypto’s price – otherwise, Rollbit would be inside the top 10.
However, it’s crucial to consider since it reflects adoption. If the token has some tangible utility within the ecosystem, revenue should nod to demand potential.
Based on that, we see Rollbit as significantly undervalued. Since it’s a casino token, it may not capture the same value as a layer 1 blockchain coin with similar revenue, but there’s certainly significant room for growth.
Another factor to consider is Rollbit’s buyback and burn mechanism. This makes the token deflationary by using a portion of the casino’s revenue to purchase RLB tokens off the open market and destroying them. 51% of the total supply has been burned, with over $78K burned in 24 hours.
Holding RLB also grants benefits like access to a lottery, trading fee reductions, rakebacks, and bonuses.
Another factor to consider is that the crypto market is expected to see another bullish rally in Q4 and through 2025. This is due to the converging of Q4 (which is historically bullish) with interest rate cuts and the Bitcoin halving effect.
So, what could this mean for Rollbit?
Analyst Cevo targets $1, marking over a 10x gain from its current price of $0.088. This would place Rollbit’s market cap at just over $2 billion, which is still under other protocols generating less revenue.
However, Cevo also highlighted that RLB has pulled a 100x gain this cycle. This underscores the benefit of investing in projects early for the biggest gains.
With that in mind, another alternative to consider is Memebet token. It’s a crypto casino project currently undergoing a presale, and its meme coin twist taps into the $45 billion joke token sector.
Memebet Token’s GambleFi Presale Raises $250K – Next Rollbit?
The Memebet token presale has started picking up pace, with its raise surging past $250K.
Memebet is a new meme coin casino that allows traders to wager their joke tokens like Dogecoin, Shiba Inu, and Pepe.
There will be thousands of games and sportsbook events to bet on, and the team aims to keep users engaged through reward schemes.
First, a token airdrop will reward $MEMEBET presale investors for wagering their tokens. The more they wager, the more they can earn.
The $MEMEBET token also unlocks rewards like casino bonuses and “Lootboxes,” which are filled with real-life prizes such as cash gifts, NFTs, and signed Argentina Messi shirts.
This use case tackles the prevalent utility issue that meme coins face. Now, meme coin holders can use their tokens in exciting on-chain activity.
Analysts are catching wind. RJ from Cryptonews says it could be the next crypto to 100x.
The analyst reaffirmed the potential for gambling with meme coins, highlighting that it connects two of crypto’s most degen use cases.
Currently, investors can buy $MEMEBET at presale for $0.0252.
However, this price will rise throughout the campaign, with the next increase later today.
