GambleFi ICO Becomes New Haven for XRP Investors Eyeing 1,948% Gains
As XRP (XRP) investors lose faith in the prospect that the cryptocurrency might be able to stage a comeback later in 2024, XRP investors are eyeing up an exciting new GambleFi ICO called Mega Dice as they eye potential 20x or 1,948% gains.
XRP was last trading just below $0.48. The crypto has been continually finding resistance at its major moving averages in recent weeks.
At current levels, XRP is down around 36% from its late-2023/early-2024 double-top highs.
And it is down 50% from its 2023 highs near-$0.95. That’s mostly because, unlike other major cryptos like Bitcoin, Ethereum and Solana, XRP lacks a convincing adoption narrative.
It’s no surprise then that XRP investors are looking for alternatives to improve their likelihood of near-term profits.
XRP may be struggling with an adoption narrative, but the fast-growing GambleFi sector most definitely is not.
Decentralized Applications (dApps) like Polymarket have surged into popularity in recent months.
Its TVL has shot up to above $40 million from under $10 million in late 2023, as per DeFi Llama.
Crypto casinos, have also experienced strong growth in recent quarters.
After exploding into life this time last year, major Ethereum-based GambleFi apps have continued to rack up new users, as per a Dune dashboard.
Amid the sector’s strong growth prospects, investors are hunting for the best GambleFi tokens to buy now.
Analysts at Cryptonews.com have picked out a new GambleFi ICO called Mega Dice as having lots of potential.
Here’s why the new GambleFi ICO could be a new haven for XRP investors.
Mega Dice is a well-established crypto casino that already boasts over 10,000 monthly users and $50 million in monthly wagers.
The crypto casino is expanding its utility and web3 integration
Read more on cryptonews.com
