After Bitcoin regained strength and returned to prices above $37,000, crypto gambling tokens tried to play catch-up.
Rollbit’s native RLB token which is used in Rollbit’s popular lotteries and throughout Rollbit’s crypto gambling platform, fell over the week as Bitcoin’s rally slowed down.
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With the market back in swing and ready for Bitcoin to continue its way up, Rollbit has lost its sats. The coin is down 22.2% over 7 days with a 9.5% increase in 30 days.
Despite this, RLB is up over 7000% so far in 2023 with more room to grow going forward.
Other crypto gambling altcoins like SCS, Solcasino’s native token on Solana, isup 52% over 7 days and 79% in 30 days. The coin went through a rough downtrend until Solcasino’s team altered the project’s staking feature to make SCS tokens more valuable.
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Meanwhile, WINR Protocol’s WINR token is down 5.5% over 7 days but up 78% in 30 days. The token’s use cases and WINR Protocol’s mission in igaming have drawn investors to the token with many keeping a close eye on its movements.
As Bitcoin continues upwards towards $40k analysts predict the time will come for alts to make their own gains.
Alex is an editor at CryptoGamblingNews.com who focuses on cryptocurrency and web3 gambling.
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John Sommers is a distinguished figure in the world of gambling expertise, known for his deep knowledge and insightful analysis of the gaming industry. As a seasoned author, he has contributed extensively to the reputable gambling news site, TwinCasinos, focusing on providing valuable insights to English-speaking gamblers worldwide.
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Author: John Sommers
John Sommers is a distinguished figure in the world of gambling expertise, known for his deep knowledge and insightful analysis of the gaming industry. As a seasoned author, he has contributed extensively to the reputable gambling news site, TwinCasinos, focusing on providing valuable insights to English-speaking gamblers worldwide. With a career spanning over a decade, John has honed his expertise in various aspects of gambling, from strategic gameplay to industry trends and regulatory developments. His articles are revered for their blend of comprehensive research, astute observations, and a knack for demystifying complex concepts for both novice and seasoned players. Beyond his writing prowess, John has established himself as a trusted authority, often sought after for his expert commentary on the ever-evolving landscape of the casino and betting industry. His passion for responsible gambling and commitment to ensuring players make informed choices are evident in his work, making him a beacon of integrity in an industry that demands such values. Whether you’re a casual gambler or a dedicated enthusiast, John Sommers’ contributions to TwinCasinos promise to be an invaluable resource for navigating the dynamic world of gambling.
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