RLB token likely gives investors very last chance to accumulate it in a long consolidation phase that will end soon.
Price around $0.08 days ago is possibly bottom price range of the token, before it starts to recover and rallies more together with cryptocurrency bull market and altcoin season.
I am very bullish on this token as it is about one year since its blast off in 2023. The team are still doing what they promised, buy back and burn the token.
I only think about the blockchain migration from Solana to Ethereum. We can not know about future and that migration helps $RLB to have a bull run in 2023 but if the team had decided to stay on Solana blockchain, the token would have participated in Solana season recent months.
Though tokens built in ethereum still do rally, but I honestly also think that if RLB was still on Solana at the moment, it's price would be way higher than it currently is, but all the same, still good.
And besides, In this days with crosschain technology and interoperability between chains effortlessly, was there really any need to have shifted to ethereum from Solana? I think it would have been much better and made more sense if the devs had launched RLB on ethereum while also allow it to run on Solana, this way, those who don't like buying on centralized exchanges and also don't want to pay huge fees on dexs would have easily bought the Solana version of the token..
Just my thought though.
And again, speaking on the potential of RLB, aside from the coming bull run and altseason which simply means that, everything may likely go up, I would say that a buy back and burn is a good enough catalyst or reason to believe that RLB will perform well, there are alot of tokens in the market with a buy back and burn feature already, the team need to discover new use case for the token, this is what will drive its price up and sustain it, else, RLB may likely crash hard after the bull run and altseason comes and goes.