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The GambleFi sector has been tipped to explode along with meme coins when the global crypto market turns bullish enough.
In a Twitter post, a famous market expert and trader Mags says most gambling-focused cryptocurrencies are still undervalued despite boasting a cumulative market cap exceeding $300 million at press time.
GambleFi tokens are severely undervalued.Top most GambleFi token - $RLB is sitting at only $172M marketcap. - $500k (aprx) in 24h Casino Revenue- $19M in past 30 days- 51.73% of supply burnt - Chart forming bullish sturcturesee you in Billions.. https://t.co/cSyyA33h1l pic.twitter.com/xOhB8GWRon
— Mags (@thescalpingpro) October 14, 2024
Mags believes the sector will witness 50x growth alongside meme coins, with the likes of RLB, RETARDIO, TGC, and MEMEBET among the top projects to watch.
What Is Fueling The Buzz Around The GambleFi Niche
GambleFi is a fast-growing market segment that blends the elements of online gambling with crypto trends to gain the attention of the investing community. Tokens, in this category, are specifically designed to facilitate wagering transactions, unlock access to unique features, and enhance transparent gameplay in the online gambling sector.
They offer more than just the thrill of gambling - investors can either capitalize on their market strengths to amplify their returns, wager them on high-rewarding betting opportunities, or both. Given its multiple unique value propositions, it is no surprise that they have gained traction, drawing the interest of gamblers and investors alike.
However, despite the tremendous growth witnessed in the GambleFi space, it still trails the meme coin niche. As a matter of fact, the meme coin sector’s valuation is 120x bigger than GambleFi’s overall market cap, prompting crypto analysts like Pirate Benny to insist the latter is massively undervalued.
GambleFi on a whole is massively undervalued - over 120x from the crypto gambling market cap to meme coins market cap.Just imagine when people realise you can buy the next $RLB for currently under $2mil in market cap, insane opportunity on $WIK at these levels.#GambleFi https://t.co/srMsKAto1h
— Pirate Benny (@WickedLemming) October 15, 2024
Meanwhile, considering various projections that the online gambling sector will attain a $500 billion milestone in the next few years, the GambleFi niche is strategically poised to ignite the next market frenzy, with the likes of RLB, RETARDIO, TGC, and MEMEBET potentially fueling the charge.
Investors Buzz Over RLB’s Recent Market Performance
With a staggering market cap of approximately $200 million, RLB, the core currency of Rollbit Casino, has continued to dominate the entire GambleFi sector. The token, being an integral aspect of the gambling ecosystem, serves multiple purposes including casino and sports betting, futures trading, staking, lottery participation, and more.
These utility ideas, coupled with the popularity of its casino platform, have been driving the demand for the token. Over the past 30 days, Rollbit has recorded not less than $19 million in casino revenue.
Meanwhile, a zoomed-out look at the weekly charts shows that the RLB price is up 11% in the last seven days, oscillating between $0.084 and $0.089. With buyers maintaining their dominance over their seller counterparts, RLB has a higher chance of even surpassing this level in the coming days.
More so, in the event that the casino’s revenue sees a stronger uptick due to increased patronage, popular crypto trader Cevo expects the RLB price to peak somewhere between $1 and $3 before the second quarter of 2025.
RETARDIO Pumps 300% On The Monthly Chart
RETARDIO is another top GambleFi token that has been on a significant uptrend. Over the last 30 days, this token surged 300% to emerge as one of the top gainers in the global crypto market.
At the time of writing, RETARDIO is exchanging hands around $0.153, with bulls exerting more pressure to push the price even higher.
RETARDIO’s impressive performance in the last couple of weeks is a reflection of what GambleFi meme coins - tokens combining gambling and meme coin aesthetics - are capable of achieving within a short timeframe.
$TGC Surges 6% This Week
$TGC is the native token of a fully licensed Telegram gambling platform, TG.Casino. Despite being a new entrant, this innovative casino has made giant strides, boasting over 32,000 players and close to $2 billion in wagering revenue.
$TGC one of my big bull run bags Adoption stats simply cannot be ignored Largest FA to pa gap in the market imo $15m rangeWeekly rev share/buybacks & 🔥 17% supply 🔥 & 60% range staked #Gamblefi monster https://t.co/J7vMwI6mPd
— Degen Ape (@degenApe22) October 15, 2024
Beyond its classic casino segment and sportsbook covering global events, TG.Casino’s viral success has also been underpinned by its weekly profit-sharing program, with a tangible portion of its revenue distributed among $TGC holders. This high-rewarding system, coupled with its burn program, boosts the profit potential of the token and drives its growth.
In terms of market performance, the $TGC price has increased 6% in the last seven days to trade around $0.17. Breaking above this level could potentially lead to a bigger rally to $0.2 or higher for the token.
MEMEBET May Be The Next GambleFi Meme Coin To Watch
Built on Ethereum, Memebet is a newly launched presale token that has positioned itself on the watchlist of both meme and gambling enthusiasts. Like Retardio, Memebet’s major appeal lies in its ability to tap into the trends in the crypto gambling and meme coin niches.
With degen gamblers as its main target, Memebet is introducing an all-around gambling platform that caters to varied tastes and preferences. It offers a sweeping array of quality wagering opportunities that cut across casino and sports betting options, with limitless payout powers.
Another key attraction for Memebet is its multi-meme posture, supporting mainstream meme coins like Pepe, Dogecoin, Floki Inu, Shiba Inu, Bonk, Popcat, and even its native token $MEMEBET.
Also, being a casino platform that's fully accessible on Telegram, Memebet opens up a more seamless gateway for gamblers to enjoy the authentic thrills of online gambling. This aspect of the casino strengthens its market appeal and positions it for widespread adoption within the wider gaming community.
In terms of security, Memebet has been fully audited by Coinsult - a third-party blockchain security protocol. More so, despite being at its earliest stage, the project has earned the recognition of top sporting associations like the Argentina Football Association (AFA), boosting its credibility among players and investors.
Wagering with $MEMEBET unlocks special exclusive holder benefits like mega airdrops, VIP bonuses, exclusive access to games and features, and NFT loot boxes among others. At press time, the platform is airdropping $1,000 worth of $MEMEBET tokens to lucky casino wallets in celebration of its upcoming gambling platform.
To participate in the airdrop, presale buyers are encouraged to join the platform’s social media channels and submit their purchase wallet address. Once the presale is over, qualified persons will receive their free rewards.
Considering several key factors, including its gambling utility, rising social media popularity, earning potential, and meme fundamentals, well-known market analysts say Memebet could be up for an explosive start upon DEX launch.
At press time, Memebet is nearing the $500k mark in presale, underscoring investors’ growing confidence in its short and long-term potential. For those interested, one $MEMEBET can be purchased for a discounted rate of $0.0259 and with BNB, ETH, MATIC, USDT, or debit/credit cards.
To stay updated with the project, follow Memebet on Twitter or join its Telegram channel.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
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