The Shiba Inu (SHIB) price is struggling to break free from its 21 and 50DMAs and has remained stuck within recent ranges. As a result, Shiba Inu holders are diverting their funds to a new crypto gambling ICO named Mega Dice (DICE) in hopes of achieving potential 100x gains in 2024. The recent SEC approval of spot Ethereum ETFs has positively impacted ETH and some of its ecosystem tokens, such as Ondo, but has not provided a significant boost to Shiba Inu. Despite being up 130% on the year, Shiba Inu is down nearly 50% from its earlier yearly highs and has been trading in the $0.000020s since the start of April.
New Crypto Gambling ICO Mega Dice (DICE) has successfully raised $1.1 million through its presale. Mega Dice is an established crypto casino with over 10,000 monthly users and $50 million in monthly wagers. The platform aims to improve user experience and web3 integration by introducing its utility token, DICE. With a strong user base and growth potential, the DICE presale has attracted significant investor interest, surpassing initial sales targets. DICE holders can look forward to cashback benefits on wagers, access to limited edition NFTs, passive income through staking, and a referral scheme.
Mega Dice is currently running a season 2 airdrop offering a share of $750,000 to early presale investors. Additionally, the platform is implementing a referral program to incentivize further participation. With a token price of $0.075 and a modest market cap of $33 million, DICE presents the potential for significant growth. Considering Mega Dice’s market-leading position and the growth potential of GambleFi, there is speculation that DICE could potentially see a 100x increase in value. The global betting market is worth $263 billion annually, and the shift towards web3 applications in the gambling industry is anticipated due to the benefits offered by blockchain technology.
The rapid growth of GambleFi on platforms like Ethereum and Arbitrum indicates a growing interest in decentralized gambling applications. Mega Dice’s success in maintaining its market leadership will be crucial in determining the future value of DICE. If the platform can sustain its position, DICE has the potential to become a multi-billion dollar coin. Investors should conduct thorough research and consider the high-risk nature of investing in crypto assets before participating in initiatives like Mega Dice’s presale. This article serves as informational content and does not constitute investment advice. It is essential to be aware of the risks involved in the crypto market.
