Pepe, Brett, and Dogwifhat boost Memebet token ICO
The post Pepe, Brett, and Dogwifhat boost Memebet token ICO appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin hits $62,500 post-Fed rate cuts, sparking memecoin surges led by Popcat (+30%) and the new Memebet ICO. The crypto market is seeing renewed optimism, with Bitcoin reclaiming $62,500 following the Federal Reserve’s interest rate cuts. Memecoins have benefited from the market’s bump, with numerous tokens seeing rises. Popcat is leading the way with a 30% pump, while Dogwifhat (13%), Brett (10%), Floki (10%), and Pepe (9%) all seeing gains. The bullish sentiment is also spilling over into memecoin ICOs amid hope for an October bull run, with new presale Memebet token (MEMEBET) benefiting. The GambleFi project is building a crypto casino that supports meme coin wagering for tokens like Dogecoin, Shiba Inu, Pepe, and more, and has raised close to $250k despite just launching. Combining memecoins with GambleFi As if online gambling wasn’t entertaining enough, Memebet lets users wager highly volatile joke tokens. It’s a use case that speaks directly to crypto ‘degens,’ those unafraid of risk so long as the return potential matches up. The Solana blockchain became a hotbed for these risk-hungry traders, with market participants pouring millions of dollars into all types of whacky tokens. For instance, a satirical meme coin called ‘Jeo Boden’ reached a market cap above $600 million. Nothing enabled this valuation, bar pure degen risk appetite. Degens are always looking for new ways to earn, and recently, they’ve caught onto GambleFi. Ansem, a popular Solana memecoin trader, has backed the leading GambleFi token, Rollbit, for significant success in the coming months. Thousands of his followers invested after he tipped the project, causing the RLB value to explode. However, Rollbit’s branding is likely too ‘buttoned-up’ for the average Solana degen, given their…
Filed under: News - @ September 19, 2024 6:15 pm