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Shiba Inu Investors Redirect Capital to New Cryptocurrency Gambling ICO, Targeting 100x Returns in 2024
As the Shiba Inu (SHIB) price finds it challenging to break free from the gravitational influence of its 21 and 50DMAs and remains confined within recent price ranges, Shiba Inu holders are reallocating their investments to a new cryptocurrency gambling ICO named Mega Dice (DICE), anticipating potential 100x returns in 2024.
This week, the SEC’s endorsement of spot Ethereum ETFs may have provided a boost to ETH and some associated tokens like Ondo.
However, it has not succeeded in uplifting the Ethereum-based meme coin Shiba Inu.
Currently priced at $0.00002420, the second-largest meme coin globally has been facing challenges in gaining momentum in recent weeks.
The Shiba Inu price has remained within the $0.000020s since the beginning of April.
With the Shiba Inu price trapped in the $0.000020s for two months, this new crypto gambling ICO is attracting attention. Source: TradingView
Although Shiba Inu has increased by 130% this year, it has declined nearly 50% from earlier peaks.
It is therefore not surprising that holders are exploring alternatives, such as the promising new crypto gambling ICO Mega Dice (DICE).
New Crypto Gambling ICO Mega Dice (DICE) Presale Raises $1.1 Million
Mega Dice is a well-established crypto casino, featuring over 10,000 monthly users and $50 million in monthly bets.
The crypto casino aims to improve user experience and its web3 integration by taking a logical next step: the introduction of its own utility token, DICE.
Given the platform’s robust user base and growth potential, the DICE presale has proven to be a significant success.
Token sales have already exceeded $1.1 million, as investors rush to acquire DICE at an attractive valuation.
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$DICE presale has raised $1 MILLION!
This #MillionDollarMilestone brings us closer to revolutionizing GameFi. What’s coming 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
DICE holders can expect substantial cashback rewards on their bets, access to exclusive NFTs that provide VIP Mega Dice gaming advantages, and an attractive passive income through staking and Mega Dice’s generous refer-to-earn initiative.
The crypto casino project is also conducting a $750,000 airdrop to reward early presale participants. Additionally, Mega Dice is implementing a referral program.
Our Season 2 AIRDROP is still ongoing! Don’t miss your chance to grab a share of the $750,000 airdrop!
The $DICE presale has already reached $1.3M and is well on its way to the next target of $2M!
Remember, 1 $DICE = 0.075. Price will increase when we hit $2M
BUY… https://t.co/I9m6DVDKj2
— Mega Dice Casino (@megadice) May 24, 2024
Can DICE 100x?
At a price of $0.075 per token, DICE has a relatively modest market capitalization of $33 million.
Considering that 1) Mega Dice is already a market leader and 2) the growth potential of GambleFi, traders should not dismiss the possibility that DICE could achieve a 100x increase from this point.
According to data compiled by Statista, the global betting market is valued at $263 billion annually. Crypto casinos account for a mere 0.1% of this total.
However, a widespread shift in the gambling industry towards web3 appears inevitable, driven by the enhanced security, transparency, and anonymity that blockchain-based web3 applications provide compared to their centralized web2 counterparts.
Indeed, GambleFi has experienced remarkable growth over the past year.
Data from a Dune dashboard indicates that the cumulative number of GambleFi users is rapidly increasing on both Ethereum and Arbitrum.
The key question remains whether Mega Dice can maintain its market leadership. If it succeeds, DICE could potentially evolve into a multi-billion dollar asset.
Check Out Mega Dice Casino’s Presale
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