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bitcoin hits $62,500 following Fed rate cuts, sparking memecoin surges led by Popcat (+30%) and Memebet’s new ICO.
The cryptocurrency market is experiencing renewed optimism, with bitcoin recovering to $62,500 following the Federal Reserve's interest rate cuts.
Memecoins have benefited from the market rally, with numerous tokens experiencing gains.
Popcat leads the way with a 30% increase, while Dogwifhat (13%), Brett (10%), Floki (10%) and Pepe (9%) all see gains.
Bullish sentiment is also spreading to memecoin ICOs amid hopes of a bull run in October, with a new pre-sale crypto-news.care/b_memebet-en_117000?referrer=memebet-token-presale-nears-$250k-meme-coin-casino-launching-on-telegram-soon” target=”_blank”>Memebet (MEMEBET) profile benefiting.
The GambleFi project is building a crypto casino that supports betting on meme tokens like Dogecoin, Shiba Inu, Pepe, and more, and has raised close to $250,000 despite its recent launch.
Combining memecoins with GambleFi
As if online gambling wasn't entertaining enough, Memebet allows users to wager highly volatile joker chips.
It's a use case that speaks directly to crypto “degens” – those who aren't afraid of risk as long as the potential for return matches it.
The Solana blockchain became a hotbed for these risk-hungry traders, with market participants investing millions of dollars into all sorts of outlandish tokens.
For example, a satirical meme coin called “Jeo Boden” reached a market cap of over $600 million. Nothing allowed this valuation but pure degenerate risk appetite.
The Degens are always looking for new ways to make money and recently, they have come across GambleFi.
Ansem, a popular Solana memecoin trader, has backed GambleFi’s leading token, Rollbit, to achieve significant success in the coming months.
Thousands of his followers invested after he unveiled the project, causing the value of RLB to skyrocket.
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However, Rollbit's branding is probably too “narrow” for the average Solana degenerate, given their appetite for projects like Jeo Boden.
This is where Memebet comes in. It is a native meme coin casino that allows degens to risk it all by betting on sports betting games and events.
Coming soon, web app and casino integrated with Telegram
Memebet token pre-sale is ongoing, but investors don’t need to wait until it ends to start playing. The casino is scheduled to launch before the pre-sale ends.
Memebet Casino will be launched as both a web app and a Telegram app. This ensures maximum accessibility for all players and positions Memebet similarly to projects such as Notcoin and Hamster Kombat.
Notcoin and Hamster Kombat are P2E (Play-to-Earn) games launched on Telegram and each of them has gained tens of millions of users. They did so through airdrop incentives, which distribute tokens to the game's players.
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The Hamster Kombat token launch and airdrop will take place in a week, but Notcoin went live in April and the project reached a market cap of $2 billion.
Like these projects, Memebet will launch an airdrop before the token is listed on exchanges.
Telegram has over 900 million users, which has opened Memebet to a wide new audience. It is worth noting that it does not require KYC, so the casino onboarding process takes just a few seconds.
A closer look at MEMEBET's airdrop and other utilities
crypto-news.care/b_memebet-en_117000?referrer=memebet-token-presale-nears-$250k-meme-coin-casino-launching-on-telegram-soon” target=”_blank”>Betting chips It stands out from Notcoin and Hamster Kombat because users must hold the MEMEBET token to gain airdrop eligibility.
Hamster Kombat has over 200 million users. Imagine if all of them invested at least $10 in HMSTR – the value of the token would be sky-high.
Indeed, Hamster Kombat was an outlier in terms of adoption, but Memebet is taking steps to ensure it builds a large user base as well.
MEMEBET holders will not only gain access to the airdrop, but will also receive casino bonuses, loot boxes, bigger rewards, a VIP community group, and more.
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Loot boxes are a centerpiece of Memebet’s community initiatives. It’s an industry first that offers real-world prizes like nfts, cash, and signed Messi Argentina jerseys to winners.
Analyst says memecoin staking is an “incredible” opportunity
crypto Wire, a popular YouTuber known for covering early-stage projects, says it’s “amazing” that Memebet allows users to bet with other memecoins like Dogecoin.
He nodded at Dogecoin's lackluster performance this cycle, suggesting that casino gambling is a much-needed avenue for profit.
“Every time a project comes along that allows people to use their DOGE, it’s amazing. We’ve all been waiting (for a long time) for the price of Dogecoin to go up,” he said.
The memecoin and GambleFi sectors have long operated in parallel, attracting the most risk-hungry participants in the crypto world.
However, Memebet is the first time these two categories have converged, and the MEMEBET token is at the center of it all.
Investors can purchase MEMEBET in the pre-sale for $0.0252, but this price is expected to increase throughout the campaign.
For more information, crypto-news.care/b_memebet-en_117000?referrer=memebet-token-presale-nears-$250k-meme-coin-casino-launching-on-telegram-soon” target=”_blank”>Visit Memebet Token Pre-sale Website or join the community at twitter.com/Memebetcasino” target=”_blank”>unknown and Telegram.
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