Consequently, experts believe that RLB could reach a peak valuation of $1 billion during this bull cycle, which would mean a 5x growth from its current market cap of $186 million. However, smart money investors are already a step ahead. Crypto assets of the same category show a high degree of correlation. An RLB bull run would also be extremely bullish for similar, low-cap gems. Unsurprisingly, Mega Dice has emerged as a top choice for being the next Rollbit Coin, owing to its established community backing. Indeed, the casino already has over 50,000 players and sees north of $50 million in monthly wager volume. Thanks to its attractive 200% bonus for new players, regular giveaways and Telegram-based UI, Mega Dice is one of the quickest-growing global crypto casino brands that is set to be a key player in the $76 billion online gambling industry. As expected, this is a decidedly bullish scenario for its new native token DICE.
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Bitcoin is close to its all-time price high following a remarkable recovery that has seen it triple in value over the last 12 months. On Tuesday, the cryptocurrency came within a few hundred dollars of its previous record of $68,990, which it achieved in November 2021. This all-time high was succeeded by a massive price correction that was compounded by collapsing cryptocurrency exchanges and failed crypto tokens. After consolidating its losses following the crash, bitcoin began to climb steadily in price until late 2023. This is when rumours of an industry-defining event began to supercharge the rally. For years there had been speculation that the US Securities and Exchange Commission (SEC) was going to approve a bitcoin spot exchange-traded fund (ETF), a type of security that would open up the market to billions of dollars worth of institutional investors. These rumours turned out to be true, when the SEC approved a wave of ETFs, triggering the second leg of the current price run.
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Bitcoin miner MARA, recently rebranded from Marathon Digital, announced on Thursday it has purchased an additional $100 million worth of bitcoin. The acquisition brings MARA’s balance sheet holding to more than 20,000 BTC -2.71% ($1.3 billion) — nearly 0.1% of bitcoin’s total 21 million supply, according to a statement shared with The Block. The bitcoin miner did not provide specific details on when the purchases were made and at what average price, with the firm simply taking "strategic advantage of favorable market conditions to opportunistically purchase bitcoin in the market,” MARA CFO Salman Khan told The Block. However, based on the dollar amount and the company’s balance sheet holdings of 18,536 BTC as of the end of June, according to Bitcoin Treasuries, the latest acquisitions are likely to have totaled around 1,500 BTC, bought in the $54,000 to $68,000 range this month.
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