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The price of Rollbit’s native token RLB has risen over 4% in the last 24 hours to $0.165899. This comes after reports emerged that rival crypto casino platform Stake had been hacked for $41 million.
RLB is now up an impressive 49% over the past 30 days, cementing its status as one of the top performing cryptocurrencies. With Stake’s future now uncertain following the hack, analysts predict more crypto gamblers and whales may flock to Rollbit.
“This hack really dents trust in Stake,” said crypto analyst Charlemagne. “If Rollbit can market itself as a more secure alternative, it could attract a lot more users and see strong growth ahead.”
Rollbit’s price chart shows bullish momentum currently, with RLB likely to test resistance around $0.18 in the coming days. If the platform can bolster security and take advantage of its rival’s misfortune, RLB could reach $0.25 by end of year.
However, some urge caution about the risks in decentralized crypto casinos. If Rollbit does shore up protections though, it remains well-placed to capitalize on the fast-growing niche.
