Rollbit is a massive player in the online gambling sector, primarily targeting the crypto user base.
There is a very good in-depth report on Rollbit’s business here, but this post will just lay out the reasoning for why I believe the worst could be behind us.
$RLB Price Action
RLB has performed poorly over the last year, albeit with significant buybacks.
Since buybacks started, the price has been down ~65%.
Put simply, there are essentially no prominent buyers besides the buybacks. We’ve seen numerous whales dump high seven-figure stacks, which has hammered the price.
However, at $153M FDV and a slow beat-down, most rational sellers who are in a rush to sell would have already sold. The price is quickly approaching an inflection point whe
