Dogecoin Investors Transition to New GambleFi ICO, Pursuing Possible 895% Returns

The Dogecoin bulls were dominant on Monday, driven by an increase in meme coin speculation following Roaring Kitty’s reemergence on social media. However, investors are concurrently reallocating their assets to a new GambleFi ICO named Mega Dice as they seek 10x or 895% returns.

On Monday, Dogecoin rose by 5% and was last seen trading just below $0.15, marking a 10% increase from earlier session lows.

Roaring Kitty, a prominent GameStop investor and a significant figure in the 2021 meme stock movement, sparked a surge in sentiment for meme coins and meme stocks with his first post on X since 2021.

pic.twitter.com/YgjVqtgcNS

— Roaring Kitty (@TheRoaringKitty) May 13, 2024

His return has led to widespread speculation that a new season for meme coins may be upon us.

Nonetheless, the Dogecoin chart offers little justification for such optimism at this moment.

The Dogecoin price is currently hovering near its 21-day moving average and is significantly lower compared to its 50-day moving average.

Additionally, the price appears to be forming a bearish descending triangle from its highs in late March.

A drop below the $0.12 support level could pave the way for a swift decline towards $0.10.

With Dogecoin potentially headed back under $0.10 soon, investors are turning to new GambleFi ICO Mega Dice as they hunt upside. Source: TradingView

Can Dogecoin Reach $1?

Despite this, as the uncontested leader of meme coins, Dogecoin remains a solid option in this bull market.

Dogecoin could realistically increase 6.5 times from its current price to reach $1, fulfilling a long-held aspiration of many in its community.

At the $1 mark, Dogecoin’s market capitalization would exceed $140 billion.

This is substantial for a token that primarily serves as a collector’s item and operates on an independent blockchain.

Few anticipate Dogecoin achieving a 10x increase or more. Investors aiming for larger returns, such as 20-50x, should consider an often overlooked investment approach – presale investing.

Web3 projects typically offer their tokens at significant discounts to early investors while raising funds for development.

If presale investors can identify promising projects that gain traction in the market, they stand to realize substantial profits.

One presale initiative that analysts at Cryptonews highly endorse is the new GambleFi ICO Mega Dice Casino.

Dogecoin Alternative to Consider – Mega Dice (DICE)

Mega Dice is a well-established crypto casino that has recently initiated a presale for its utility token, DICE.

With over 10,000 active monthly players and more than $50 million wagered each month, Mega Dice’s large user base ensures strong demand for DICE.

This is reflected in the impressive success of the project’s presale, which is nearing the $1 million mark.

Another milestone reached here at Mega Dice Casino

We now have 9000 members in the $DICE Telegram community

$70K left before we hit $1M – Get your $DICE before next price increase

https://t.co/Pk6R16oOKk pic.twitter.com/vZCPF0Kzs0

— Mega Dice Casino (@megadice) May 13, 2024

Investors are urged to act swiftly, as once the $1 million threshold is reached, the DICE price will increase from $0.069.

At a price of $0.069 per token, DICE is currently valued at a modest $29 million market cap. This is quite low considering the level of real-world adoption Mega Dice’s platform is already achieving.

With Mega Dice positioned as a leader in GambleFi, its token could potentially be valued at billions of dollars in the future. This could easily translate to a 50-100x return.

For DICE holders, the expectations include substantial cashback rewards on their wagers and an attractive passive income through staking.

Don’t Miss Out! Join the $DICE Airdrop and Earn Your Share of a $750,000!

Learn how below pic.twitter.com/OqbkcWR2LL

— Mega Dice Casino (@megadice) April 30, 2024

The new GambleFi ICO is also offering a $750,000 airdrop to reward early presale participants. Mega Dice is additionally implementing a referral program.

Check Out Mega Dice Casino’s Presale

Refer & Earn with $DICE! 💰

Imagine your referral spends $1000, you will then automatically get your 10% referral fee of $100 🚀

Sounds good right? Here’s how to get started: ⤵️ pic.twitter.com/lBX2izatxp

— Mega Dice Casino (@megadice) May 6, 2024

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