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As the crypto market rallies, traders are keen on Memebet, a new memecoin casino token nearing $300K in presale funds.
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As the crypto market rally progresses, traders are eyeing new memecoin casino token Memebet (MEMEBET).
The total crypto market cap has jumped almost 10% this week, enabling significant capital inflows into new altcoins.
Memebet is currently undergoing a presale, allowing investors to buy in from the ground floor. The total raise is approaching $300K on the back of the market’s bullish momentum.
The project is raising funds to build crypto’s first meme coin casino. Users can wager on thousands of games and sportsbook events with meme coins like Dogecoin, Pepe, and Shiba Inu.
Uptick in social activity reflects high interest in Memebet Casino
Despite being newly launched, Memebet Casino is already seeing significant momentum on social media.
This is a positive sign in an industry where social prominence is closely linked to success.
Memebet Casino is a GambleFi project – but it’s not aimed at traditional online gamblers – it’s aimed at the new generation of online gamblers, memecoin degens.
The memecoin sector is worth $47 billion today, so there’s undoubtedly a huge addressable market for Memebet Casino.
As such, trend-savvy traders are taking advantage and getting in early.
Over 13,000 people have joined the Memebet Casino X account, and over 6,000 have joined its Telegram channel.
As the crypto market picks up pace, traders pour into Memebet Casino with hopes of gains.
One smart money analyst, ClayBro, says Memebet is “the best way to accumulate memecoins before the upcoming bull market.”
“We are witnessing the beginning of a shift from ‘risk-off’ into ‘risk-on’ assets. Investors will be looking for cryptocurrencies that pay high returns, and Memebet is going to pay very high returns,“ he said.
Though ClayBro did not predict how far he thinks Memebet token could go, other analysts have offered exciting forecasts.
For example, RJ from Cryptonews and Crypto Boy both suggest it can 100x in price.
But what’s causing all this buzz?
Memebet is a memecoin with degen-friendly utility
The memecoin sector is a monster at a $47 billion valuation. For reference, that’s more than the entire market cap of Coinbase, which is a publicly-traded company in the United States.
But why is the memecoin sector so big? Ultimately, everyday investors were tired of getting beat by institutions and smart money traders.
To this day, it’s common practice for venture capitalists to get early access to projects and then sell to retail at a higher price later. This is why memecoins were such a big draw – they’re a “dumb money” play,
Memecoins break every principle of investing. They’re so counterintuitive that smart money and institutions simply don’t stand a chance.
As such, you see normal people investing and becoming overnight millionaires. The most recent example is First Neiro on Ethereum, which has provided 500x gains in just over one month.
But where does Memebet come into all of this?
Memebet is creating a memecoin utility that lies true to ‘degen’ values: online gambling.
A lot of utility in crypto (real-world assets, decentralized finance, AI, payments, decentralized physical infrastructure) is highly technical, providing smart money with an edge.
Meanwhile, Memebet token’s ‘memecoin casino’ utility is digestible to the everyday trader.
Join the Memebet token presale for airdrop access
The Memebet token presale offers a chance to participate at a low price and opens investors to an upcoming airdrop.
Memebet Casino had tons of giveaways and prizes planned to stimulate user acquisition and engagement, and it starts with airdrop season 1 while the presale is ongoing.
Presale investors who wager tokens on the casino will be eligible for the airdrop rewards, and the more they bet, the more they can earn.
Investing in early-stage projects often comes with risk – that’s why Memebet has called in a third-party security firm to battle-test its smart contract. Coinsult carried out an audit and found no issues, indicating that Memebet is safe and secure.
The current Memebet token presale price is $0.0253, but this is expected to rise throughout the campaign, with the next increase later today.
For more information, visit the Memebet token presale website.
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This article first appeared at crypto.news
