Rollbit Coin (RLB), the native token of the Rollbit casino/games platform, has been riding a wave of exponential growth. Over the last 24 hours, the cryptocurrency has increased by 6%, and by an extraordinary 50% in just a week. This exponential growth can be attributed to the coin’s recent listing by major CEX Poloniex, resulting in a surge in trading volume.
Even though RLB may be on the brink of being overbought, the momentum is still evident, with further rallies predicted. Indeed, its relative strength index has hit 70, indicating continued momentum. Reinforcing this is the coin’s 30-day moving average, sharply rising above its 200-day average, signalling the possibility of even more potential rises.
However, despite this excitement, RLB’s surge might be reaching its peak. Therefore, traders searching for gains in the weeks to come might need to shift their focus. This is where Wall Street Memes (WSM), a new ERC-20 token, steps in. Since its presale in June, WSM has raised an impressive amount – north of $22 million – attributing its success to its association with the meme stocks movement that triggered the GameStop rally in 2021. Its popularity is further emphasized by a Twitter following that vastly surpasses that of nearly every other new presale token.
Interestingly, WSM has 50% of its token supply (of a total 2 billion tokens) reserved for the presale, with another 30% allocated for community rewards. This decentralization factor, along with the existing community pool, is expected to swing more investors towards WSM. Considering its current sale price of $0.0331, the token is expected to surpass even its final presale price, post-listing.
However, while investment opportunities such as these can offer impressive returns, it is important to remember that cryptocurrency is a high-risk asset class. The unpredictability of this uncharted territory requires thoughtful consideration before diving in. Therefore, the meteoric rise of RLB and the prospective growth of WSM should be considered cautiously. The future of crypto is always exciting, but investors should be prudent when charting these promising waters.
Source: Cryptonews
