Why Bonk Holders Are Flocking to This New Telegram Casino – Is It the Next Big Play?
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
On the verge of a bearish breakdown, Bonk (BONK) holders are shifting their attention to Mega Dice (DICE), a new Telegram casino set to launch on Solana DEX Raydium on September 30.
With Mega Dice already gaining traction, some consider it the next big play in the GambleFi sector.
Currently priced around $0.00001650, Bonk has formed a bearish ascending triangle structure over the past few months.
This pattern typically signals the likelihood of a major bearish breakdown, with BONK potentially dropping to April lows in the $0.000012 range.
Given this outlook, it’s no surprise that many are searching for high-potential alternatives.
Cryptonews.com’s list of best new meme coin presales would be a good place to start.
But traders must remember, meme coins like Bonk often lack a convincing value/utility proposition beyond their community support.
And this makes them exceedingly risky and volatile.
Traders might instead want to look at fast growing crypto sectors based upon a real, high potential use case.
The real-world asset tokenization is one high potential sector. DeFi and GameFi are others.
But one of the fastest growing sectors in recent years is GambleFi.
Traditional online betting platforms/websites have long been plagued by trust issues, given their lack of transparency.
Blockchain-based, smart-contract powered betting dApps are solving this problem.
First movers like Stake.com and Rollbit have already been making waves.
But one newer crypto casino is taking a more innovative approach to spur adoption.
Popular, encrypted
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