A noticeable surge has been observed in the price of the Rollbit Coin (RLB), with a 4% increase recorded within the past 24 hours. The market price reached $0.165899, which might sound inspiring until you consider the backdrop. This unprecedented upswing occurs while one of its online casino contenders, Stake, suffers a $41 million hack. A significant blow like this could well prove advantageous for Rollbit’s growth, despite RLB being down by 9% in a week.
In terms of the bigger picture, the altcoin has experienced an impressive 49% rise over the last 30 days and leaped more than 9,000% over the previous year. This positions it as one of the top-performing tokens among the hundred most significant cryptocurrencies, as per market cap. Further boosts for RLB’s price are plausible if, as a consequence of this hack, Stake undergoes reputational damage, potentially leading to an increase in Rollbit’s user count.
Nevertheless, Stake’s recent hack acts as a sobering reminder of the risks and vulnerabilities that the blockchain-based casino sector is subject to. As a result, Stake and its competitors could be nudged into improving their cybersecurity practices. Supposing that Rollbit does take substantial measures to protect itself against similar breaches, its status within this growing niche could promote expansion of its platform and its native token.
Now, let’s turn our attention to altcoins. For those undecided about RLB, or already invested in it, it’s worth taking newer altcoins into consideration, specifically those conducting presales. A promising contender in this sphere is Launchpad.xyz (LPX), a Web3 trading platform that has already accumulated over $1.5 million. The platform is innovative, offering a host of trading tools, a Web3 wallet, a play-to-earn gaming hub, fractionalized assets, trading signals, collaborative trading rooms, and automated trading bots, to name only a few features.
On a final note, amidst the glitters of the crypto market, we should remain aware of its high-risk nature. Every shiny new investment, such as LPX, brings with it potential for prosperity but also the risk of complete capital loss. Despite the presale of LPX showing promising signs, raising substantial amounts quickly, no crypto asset is a guaranteed success. It always pays to tread with caution and invest wisely, treating each opportunity as the high-risk venture it is.
Source: Cryptonews
