Source: CoingeckoRLB is a crucial part of the Rollbit lottery system, which decided to airdrop RLB tokens to their current Rollbit.com gaming and trading platform customers rather than holding an initial coin offering (ICO).
RLB seven-day price action. Source:Despite being a relatively new platform, Rollbit has quickly become one of the top competitors in crypto casinos. Rollbit has established itself as a dominant and significant power in the business, with an average monthly wagering volume above $1 billion. RLB has a market valuation of $357,728,046 with a 24-hour trading volume of $15,311,290. There are 3.3 billion coins in circulation.
As of today, cryptocurrencies have a market cap of $1.16 trillion. Chart: TradingView.com
The Unstoppable Growth Of Cryptocurrencies And Bitcoin Casinos
One of the newest trends in the cryptocurrencies and gaming sector, crypto casinos, could change the face of the industry as we know it. Some of the biggest Bitcoin casinos on the market now have thousands of active players worldwide, thanks to their numerous advantages over conventional casinos, including quicker payments, better security, and greater transparency.According to Casinos Blockchain, the global crypto casino market will be worth nearly $280 billion this year, with a $250 million gambling market. Over the years, cryptocurrency has accounted for 4% of all gambling, which is quickly rising.
By the end of 2030, Straits Research projects that the global industry for online cryptocurrency gambling will be worth $153 billion, expanding at a CAGR of about 12%. Meanwhile, based on Captain Altcoin’s research, Rollbit (RLB) earns an astounding of $498,582,700 by collecting almost $1.36 million daily. This revenue exceeds that of Ethereum, a cryptocurrency with 2,000 times the value of Rollbit.(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).
Featured image from BitcoinChaser