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Web3’s first meme coin casino Memebet Casino is barely a fortnight into its $MEMEBET presale, but already the token has raised over $300,000 amidst an explosive meme coin rally that saw the extra volatile sector advance an eye-watering 18% in 24 hours to post a collective market cap of $55.3 billion.
There is also heavy speculation in the sector right now, with some of most rapidly growing projects being recent launches like the year-old Mog Coin ($MOG) and Neiro ($NEIRO), both of which kept pace with Pepe and DogWifHat this week.
Meanwhile, Moo Deng ($MOODENG), a meme coin tribute to a viral baby pygmy hippo in Thailand which launched a fortnight ago—about the same time as the Memebet Casino presale—is up a sweltering 945%.
In general, crypto markets responded positively to the US Federal Reserve’s decision to cut interest rates after two years and eleven consecutive hikes that saw American borrowing costs hit their highest level in twenty-two years last summer.
As borrowing costs come down, investors move into risk-on positions, and this has been broadly reflected by crypto’s rebound since the announcement.
All told, we could be looking at Uptober next month, which means Memebet Casino’s presale couldn’t come at a more timely moment. After all, $MEMEBET straddles two of the most explosive sub-sectors within crypto: meme coins and Web3 gambling (GambleFi).
Meme Coins Are Here To Stay: Unlock Their Gaming Potential At Memebet Casino
Meme coins like Dogecoin ($DOGE) and its many copycats may have started as a parody, but their fun and irreverent nature quickly inspired loyal and large communities, many of them sincere crypto fans who see encapsulated in them crypto’s founding ethos of independence and decentralization.
Now, their progenitors are accommodating growing demand for them by giving them new utilities. Shiba Inu is enhancing privacy features and building an ecosystem around its proprietary Ethereum Layer 2, Shibarium, while Floki is currently testing trading bot functionality.
Outside of the projects themselves, very few projects are accommodating meme coins seriously. That’s where Memebet steps in. Given the already rapid explosion of both meme coins and gambling within crypto, Memebet Casino is a significant step towards integrating meme coins in Web3’s economy as tender.
The project almost immediately bagged a $150,000 investment from an anonymous whale wallet on launchwww. Within 48 hours, Memebet had secured a second whale investment to the tune of $50,000.
With online gambling primed to explode from a $100 billion industry in 2024 to $130 billion within the next five years, both crypto and iGaming will rise in tandem and intersect in novel ways and both will be shaped by regulation in the coming years. In this context, Memebet Casino is the forerunner and will no doubt spawn copycats.
The Fed’s recent rate cut announcement had a very telling impact on the volatile meme coin market. According to CoinGecko, the sector grew around 7% in the 24 hours after the announcement as a clear signal from traders that fall is Meme Coin Season.
Given the projected growth in both crypto and online gambling, Memebet is in a prime position at the convergence of both to become Web3’s first multimillion-dollar meme coin casino. Within crypto it simultaneously straddles GambleFi and meme coin sectors too, giving it plenty of exposure to two of crypto’s fastest growing sectors.
A Quick Guide To Memebet Casino’s $MEMEBET Token
Memebet Casino’s native utility asset is the $MEMEBET token. Holding and using it unlocks a range of benefits for players, including airdrop rewards, special VIP degen bonuses, and access to upcoming Memebet Casino Lootboxes, which feature real-world prizes and casino bonuses.
In both the Telegram-integrated and web Memebet Casinos, players can gamble their meme coins in a plethora of different gaming and betting events. Memebet will initially enable holders of Dogecoin ($DOGE), Shiba Inu ($SHIB), Pepe ($PEPE), Bonk ($BONK) and Floki ($FLOKI) to play, but the team has hinted at a major expansion to the roster.
The project has also allocated 400 million $MEMEBET tokens to wagering airdrops and community rewards. To participate in season 1 of the airdrop, purchase and wager $MEMEBET during the presale to earn airdrop points and secure $MEMEBET rewards.
Some 1.4 billion $MEMEBET tokens are for the presale, representing 70% of its total supply of 2 billion tokens. Approximately 20% (400 million $MEMEBET) are for casino rewards.
Investors can buy in at a fixed low presale price of just $0.0254, visit the project’s website and connect your wallet (e.g. MetaMask, Best Wallet). In two days, this will rise a tiny fraction of a cent to $0.0255 as the presale enters the next stage.
Purchase $MEMEBET using ETH, USDT, BNB, or POLY, or bank card. Only purchases made on the Ethereum network (ETH, USDT or bank card) will immediately be sent to wallets.
Once you’ve purchased your tokens, add the token address to your wallet (0x0C4a2a28a4edb47a7a4c53B06143C53e889Bd5dB) to view your $MEMEBET.
Memebet Token has undergone a full audit by Coinsult, which found no critical issues with its code.
Memebet is also a regional sponsor of Argentina’s national football team, a clear signal that the project is ambitious and sees itself becoming an established global brand and leader.
Feel free to join Memebet’s community on X and Telegram for the latest news and updates about the project.
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