Memebet Token’s Presale Hits $350K: The Winning Streak Keeps Rolling
While the crypto market receded on Wednesday, the Memebet ($MEMEBET) token presale remains largely unaffected, having now reached $350,000 in funding.
The project, which transforms meme coins into wagering currencies within the emerging GambleFi scene, appears to be the next essential utility for the sector – especially valuable amid the current market fluctuations that have led to significant declines in asset prices.
When the Telegram-based crypto casino opens, meme coin holders will be able to bet using Dogecoin ($DOGE), Shiba Inu ($SHIB), Bonk ($BONK), Floki ($FLOKI), and Pepe ($PEPE), with more meme coins set to be added.
Users can deposit these assets to wager on casino games, slots, and sports odds on the Memebet Casino platform.
To help meme coins establish a presence in the Web3 gaming scene, prospective contributors can purchase the project’s native token, $MEMEBET, at the current price of $0.0255.
However, as the startup approaches its seventh funding stage in less than 24 hours, the price of one $MEMEBET will increase to $0.0256 to accommodate new investors.
Iran’s missile strike on Israel has heightened geopolitical tensions, causing the market to shift into fear mode.
As a result, assets like gold surged to as high as $2,673, while crude oil nearly jumped to $72 a barrel on Tuesday.
Bitcoin has yet to establish itself as a safe haven asset, dropping to $60,164 before bouncing back to $61,893 on Wednesday.
Open interest in Bitcoin has also decreased by about $1 billion, with Ethereum ($ETH) losing around $650 million.
The recent sell off has caused $1B+ in Open interest to be wiped on #Bitcoin.$ETH lost about $650M in OI.
Most other alts also lost 5-10% of their respective Open Interest. Meme coins got hit
