Floki Holders Are Turning to This Cryptocurrency Casino Initiative – Potential for 100x Growth in 2024?

As the Floki (FLOKI) bulls target a swift 50% increase from current levels near $0.00021 to yearly peaks exceeding $0.00031 following a significant technical breakout, its holders are starting to gravitate towards a new crypto casino initiative known as Mega Dice (DICE).

This week, FLOKI surged above an ascending triangle pattern and has regained its position above key moving averages.

The wider cryptocurrency market has experienced a surge this week, driven by softer US CPI data and optimism surrounding Bitcoin ETFs.

The lower-than-anticipated US inflation statistics have fueled expectations that the Federal Reserve may implement rate cuts later this year.

US core #inflation declines for the first time in six months, providing relief for the Fed and financial markets. April core CPI, which excludes food and energy prices, rose 0.3% from March month-over-month, following a 0.4% month-over-month increase the previous month. Year-over-year, it increased 3.6% in April after a 3.8% rise in March. Overall… pic.twitter.com/0MzgiswrxF

— Holger Zschaepitz (@Schuldensuehner) May 15, 2024

This seems to have drawn institutional investors back to spot Bitcoin ETFs in large numbers, with these products experiencing net inflows throughout the week.

According to The Block data, inflows have already surpassed $750 million since Monday.

Additionally, 13F filings revealed that over 500 asset managers gained exposure to Bitcoin ETFs in the first quarter.

It is not surprising that the market has been on an upward trend, with meme coins like Floki rising alongside it.

The unexpected return of renowned GameStop investor Roaring Kitty on Monday has also ignited hopes that the season for meme stocks and meme coins has returned.

FLOKI’s next target for upward movement will be a retest of the late March highs around $0.27.

Beyond that, the all-time highs from March, which are above $0.31, will come into consideration.

As Floki prepares for a rally, profit-taking holders are turning their attention to the crypto casino project Mega Dice, with some suggesting that 100x gains could be achievable in 2024.

Mega Dice is a well-established crypto casino that already has over 10,000 monthly users and $50 million in monthly wagers.

The crypto casino is enhancing its utility and web3 integration through the launch of its new DICE GambleFi token.

Here’s why it might be the best presale of 2024.

Crypto Casino Project Mega Dice (DICE) – 2024’s Best Presale?

Due to its already substantial user base and appealing value proposition, the DICE presale has been experiencing remarkable success.

Mega Dice has already sold tokens worth nearly $1.1 million.

$DICE presale has raised $1 MILLION!

This #MillionDollarMilestone brings us closer to revolutionizing GameFi. What’s next?

Next tier price: 0.075

Next presale target: $2M

We’re implementing multiple tiered price increases, so make sure to secure your $DICE… pic.twitter.com/MDfn5lVhju

— Mega Dice Casino (@megadice) May 15, 2024

At $0.075 per token, DICE is valued at a relatively modest $33 million market cap. This valuation is quite low considering the level of real-world adoption that Mega Dice’s platform is already achieving.

With the crypto casino project Mega Dice positioned as a market leader in GambleFi, its coin could potentially reach a value of billions of dollars in the future.

This could easily be a 50-100x coin, potentially making it the best presale of 2024.

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 the next price increase

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

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

For DICE holders, there are expectations of significant cashback rewards on their wagers, access to exclusive NFTs that provide VIP Mega Dice gaming advantages, and a notable passive income through staking and Mega Dice’s generous refer-to-earn program.

https://x.com/megadice/status/1790762975143285230

The crypto casino project is also conducting a $750,000 airdrop to reward early presale investors and is implementing a referral scheme.

Check Out Mega Dice Casino’s Presale

The post Floki Holders Are Flocking to This Crypto Casino Project – 100x Possible in 2024? appeared first on Cryptonews.