As the Dogecoin (DOGE) price rebounds from Monday’s sharp decline, but remains stuck within a medium-term downtrend, Dogecoin holders are pivoting to a new ICO in the GambleFi sector as they bet on 100x gains.
DOGE was last trading just under $0.10, having dipped as low as $0.08 on Monday, its lowest level since February.
That means it’s already been able to recover more than 20%.
But that doesn’t mean the bulls are in control of the market once again.
Indeed, DOGE remains at risk of being sold off again at any moment, given it remains stuck in a longer-term downtrend.
It may be a struggle for Dogecoin to push back to the north of the $0.11/12 area.
DOGEUSD / Source: TradingViewIts no surprise then that Dogecoin holders are looking for alternative investments with a better possibility of near-term gains.
And new ICO that looks to be a future GambleFi market leader called Mega Dice (DICE) is attracting a lot of attention.
Here’s why analysts at Cryptonews.com rank it as one of their best new ICOs to invest in this August.
New ICO Mega Dice (DICE) – One of August’s Best Presale?
Mega Dice is a crypto casino has already been in the game for some time.
The crypto casino already has over 10,000 monthly users and $50 million in monthly wagers, as per its official website.
Mega Dice is now taking the logical next step to expand its utility and web3 integration via the launch of its exciting new DICE GambleFi token in an exciting new ICO.
Given its already large user base and strong value proposition, the new ICO has been absolutely flying.
Mega Dice has already sold DICE tokens worth nearly $1.7 million.
#DICE presale has raised $1.6 MILLION!
This milestone brings us closer to revolutionizing GameFi. Remember
Current tier price: $0.090
Current presale target: $2M
We’re implementing multiple tiered price increases, so make sure to secure your $DICE early – we’ve now… pic.twitter.com/7n6H0TaK37
— Mega Dice Casino (@megadice) July 8, 2024
At $0.105266 per token, DICE is valued at a very modest sub-$40 million market cap. That’s very low considering the amount of real-world adoption Mega Dice’s platform is already garnering.
With crypto casino project Mega Dice already a market leader in GambleFi, its coin could one day be worth over billions of dollars.
This could easily be a 50-100x coin, which could rank it as 2024’s best presale.
Cryptonews.com’s inhouse analyst Crypto Arjay explains DICE’s 100x potential below.
So, what utility will DICE holders get?
DICE acts as a sort of VIP token for Mega Dice casino users, granting them cashback benefits on wagers and access to limited edition NFTs that grant VIP Mega Dice gaming benefits.
But DeFi degens are also flocking to the DICE token thanks to its impressive staking yield.
The crypto casino project is also running a $750,000 airdrop to reward early presale investors.
Our Season 2 airdrop is in progress! $750K in $DICE airdrops will be paid this weekend – check your casino balance
Missed Season 2? Stay tuned to our community and social media profiles for details around the $DICE Season 3 airdrop, where we’re giving away $750,000 AGAIN … pic.twitter.com/tyx93glK1m
— Mega Dice Casino (@megadice) July 19, 2024
New ICO Mega Dice could be on of 2024’s best presales and is not too be missed.
Check Out Mega Dice Casino’s Presale
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