{"id":580912,"date":"2024-09-27T19:45:33","date_gmt":"2024-09-27T19:45:33","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=580912"},"modified":"2024-09-27T19:45:33","modified_gmt":"2024-09-27T19:45:33","slug":"cryptos-first-meme-coin-casino-memebet-surges-past-300000-in-presale-as-meme-coin-market-soars-18","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cryptos-first-meme-coin-casino-memebet-surges-past-300000-in-presale-as-meme-coin-market-soars-18","title":{"rendered":"Crypto\u2019s First Meme Coin Casino Memebet Surges Past $300,000 In Presale As Meme Coin Market Soars 18%"},"content":{"rendered":"

Web3’s first meme coin casino Memebet Casino<\/a> 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. <\/p>\r\n\r\n\r\n\r\n

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Memebet Casino is riding the crest of the wave of a meme coin gold rush that has added double-digit percentage gains to most leading projects over the last 7 days, including Shiba Inu ($SHIB), which is up nearly 40%, while Pepe ($PEPE) and DogWifHat ($WIF) both advanced 30%. <\/span><\/div>\r\n<\/figure>\r\n\r\n\r\n\r\n

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. <\/p>\r\n\r\n\r\n\r\n

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<\/a> presale—is up a sweltering 945%.<\/p>\r\n\r\n\r\n\r\n

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. <\/p>\r\n\r\n\r\n\r\n

As borrowing costs come down, investors move into risk-on positions, and this has been broadly reflected by crypto’s rebound since the announcement. <\/p>\r\n\r\n\r\n\r\n

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). <\/p>\r\n\r\n\r\n\r\n

Meme Coins Are Here To Stay: Unlock Their Gaming Potential At Memebet Casino<\/h2>\r\n\r\n\r\n\r\n

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. <\/p>\r\n\r\n\r\n\r\n

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. <\/p>\r\n\r\n\r\n\r\n

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.  <\/p>\r\n\r\n\r\n\r\n

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<\/a>. <\/p>\r\n\r\n\r\n\r\n

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. <\/p>\r\n\r\n\r\n\r\n\r\n\r\n

The Fed’s recent rate cut announcement had a very telling impact on the volatile meme coin market. According to CoinGecko<\/a>, the sector grew around 7% in the 24 hours after the announcement as a clear signal from traders that fall is Meme Coin Season. <\/p>\r\n\r\n\r\n\r\n

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.<\/p>\r\n