A long-time crypto veteran who has been in Bitcoin since 2016 says that market-leading GambleFi token Rollbit is “severely undervalued” and points to huge gains on the horizon.
The GambleFi narrative has gained pace lately, with frontrunner Rollbit and newcomers like Memebet token all showing strong potential.
Mags is a well-known trader in the crypto industry who has been around since 2016.
In a recent analysis, he said that “one narrative could give 10-50x gains alongside meme coins.”
Indeed, the analyst was talking about GambleFi.
Mags noted that Rollbit has a $172 million market cap while processing $500K in daily revenue.
For reference, DeFiLlama data only shows 12 projects that have generated $500K or more in 24-hour revenue.
Moreover, Mags underscores that over 51.7% of the total supply is burned, making the token more scarce and, therefore, less susceptible to future selling pressure.
And lastly, he points to Rollbit’s price chart, noting that it is “forming a bullish structure.”
RLB has broken above a trendline resistance in confluence with creating higher highs.
This shows that momentum is turning bullish after a bearish period, potentially indicating an upcoming macro reversal to the upside.
Mags concluded the tweet by writing, “See you in the billions,” nodding to Rollbit’s future market cap.
While Rollbit’s fundamentals are robust, the analyst’s thesis revolves around the promising GambleFi narrative.
“Most of the coins from this narrative are still near their bottom, and no one is paying attention yet,” he wrote.
This presents a unique opportunity, enabling investors to capitalize on being early. As GambleFi tokens begin to uptrend and people take note, they could attract a lot of new liquidity, which causes their prices to skyrocket.
As mentioned, Mags said that the other category that could 10-50x is meme coins. So perhaps the best GambleFi token to buy now is Memebet, a new meme coin casino undergoing a presale.
Memebet is a new crypto casino that lets users wager any top meme coin on thousands of games and sportsbook events.
At a time when meme coins are undeniably the most in-demand crypto assets, investors will appreciate new utilities like this.
The Memebet Casino will launch as a Telegram and web application, ensuring widespread accessibility. Moreover, it’ll be KYC-free, meaning users can get set up and start wagering in seconds.
Memembet aims to attract users via a variety of different reward schemes and community initiatives. Notably, its airdrop season 1 will run during the presale and split $10K between its winners.
Wagering the $MEMEBET token will qualify users for the airdrop. Gambling with $MEMEBET also unlocks access to all the platform’s exclusive rewards and features, so its demand will rise alongside the casino’s popularity.
The presale is generating significant interest, with over $470K raised so far and analysts backing it for strong gains. For instance, RJ from Cryptonews says it has potential to rise in value by 100x.
Meanwhile, Matthew Perry said it “will explode,” hailing its unique juncture of bringing an entirely new utility to the meme coin space.
Today, investors can buy $MEMEBET at a discounted price of $0.0259, but this will rise throughout the ICO. The next increase will come in one day.
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