{"id":582787,"date":"2024-10-02T13:51:35","date_gmt":"2024-10-02T13:51:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=582787"},"modified":"2024-10-02T13:51:35","modified_gmt":"2024-10-02T13:51:35","slug":"memebet-token-winning-streak-continues-as-presale-roars-past-350k","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/memebet-token-winning-streak-continues-as-presale-roars-past-350k","title":{"rendered":"Memebet Token Winning Streak Continues As Presale Roars Past $350K"},"content":{"rendered":"

While the crypto market receded on Wednesday, the Memebet ($MEMEBET) token<\/a> presale remains largely unaffected, having now reached $350,000 in funding.<\/p>\r\n\r\n\r\n\r\n

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.<\/p>\r\n\r\n\r\n\r\n

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.<\/p>\r\n\r\n\r\n\r\n

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<\/a> will increase to $0.0256 to accommodate new investors.<\/p>\r\n\r\n\r\n\r\n

Meme Coins Lose $6 Billion – Buy Cheap Ahead Of Crypto’s Bullish Months?<\/h2>\r\n\r\n\r\n\r\n

Iran’s missile strike on Israel has heightened geopolitical tensions<\/a>, 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.<\/p>\r\n\r\n\r\n\r\n

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.<\/p>\r\n

<\/p>

The recent sell off has caused $1B+ in Open interest to be wiped on #Bitcoin<\/a>.$ETH<\/a> lost about $650M in OI.

Most other alts also lost 5-10% of their respective Open Interest. Meme coins got hit especially hard, retracing the entire recent move.
pic.twitter.com\/EoKRntuORR<\/a><\/p>— Daan Crypto Trades (@DaanCrypto) October 1, 2024<\/a><\/blockquote>