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There is a rising demand for casino cryptos right now, causing both big and smaller GambleFi cryptos to surge in value. CryptoBet has also followed this trend and has enjoyed a continuous rise in value throughout the year.
But with a profitable year already, investors are now confused about whether to invest more funds into the project or stay out, fearing a potential correction.
Over 140% Returns in 2024
In its early days, CryptoBet’s native token CBET peaked impressively, benefiting from the growing demand for GambleFi projects. However, after reaching its all-time high of around $0.30, the token swiftly entered a downward spiral, facing continuous declines over the following years.
From 2021 onwards, CryptoBet’s price entered a prolonged period of stagnation, trading at near-bottom levels with little to no movement. As seen in the all-time chart, the token’s price remained below $0.0008 for most of the subsequent years, reflecting dwindling interest in the project and a broader bear market in the crypto gambling space.
However, 2024 has brought a surprising reversal. After years of stagnation, CryptoBet’s price saw an impressive recovery, rising by over 140%. As shown in the one-year chart, the token began 2024 at approximately $0.00026 and has climbed to $0.00064 in the current market, marking a notable upward trend.
While investors are excited by this resurgence, it’s worth noting that the project itself has not regained the relevance or activity it once had during its early boom.
Although the recent gains are substantial, they may not necessarily indicate a long-term recovery. The project has yet to demonstrate new developments, partnerships, or innovative features that could sustain this growth. Without fundamental improvements, this price increase could be temporary, driven more by market speculation than genuine recovery.
What is CryptoBet?
CryptoBet is a cryptocurrency-focused online casino that offers a minimalistic gaming experience. Its interface is notably simple, making it easy for users to navigate, though this simplicity also highlights the platform’s limited offerings. Unlike many other casino platforms,
CryptoBet does not require users to go through a Know Your Customer (KYC) process, which makes onboarding quick and anonymous.
New CBET web3 gaming app is now live at https://t.co/jTC4bM4xkK 
— CryptoBet.com (@CryptoBetCom) February 10, 2023
The casino also exclusively supports cryptocurrency payments, completely bypassing traditional payment options like credit cards or bank transfers. This might appeal to users who prioritize privacy and decentralized finance, but it also limits the platform’s accessibility to a wider audience. It used to have active social media channels too, but they seem to have gone silent since 2023.
In terms of content, CryptoBet’s game selection is rather small. It offers a few slots and basic casino games, but it lacks the extensive variety found on more established gambling platforms. While the project claims on portals like CoinMarketCap that more updates and features may be on the way, it’s been quite some time since any significant additions have been made. The platform has remained relatively stagnant, leaving many to question its future growth.
CBET Price Prediction
Taking elements like trends, recent price and demand surges, etc., here is a price prediction for the token, indicative of a potential future trajectory for the project in the coming years:
2024
The current upward trend in the GambleFi sector could benefit CBET in the short term, especially if market conditions remain favorable. CBET’s price recovery of over 140% is impressive, but without any active development or major updates to the platform, sustained growth seems unlikely.
The token could continue to trade in the current range or pump slightly more, with speculative trading potentially driving some temporary price spikes while maintaining volatility. However, unless CryptoBet introduces meaningful improvements, a significant breakout beyond the current price levels appears doubtful.
2025
If CryptoBet remains inactive, the future looks uncertain for CBET in 2025. The GambleFi space is increasingly competitive, with new, innovative projects entering the scene.
Without new features, partnerships, or community engagement, CBET may struggle to maintain its position. Any upward momentum would likely be short-lived, with the token hovering around the $0.001 range even with a relatively steady growth trajectory.
Occasional speculative pumps could also occur, but the project’s stagnation would keep investor confidence low, preventing sustained growth. This, however, could be reversed if the team manages to bring in developments of value that could keep investors interested.
2026
By 2026, CBET’s success will depend heavily on whether the CryptoBet platform can revitalize itself within the current crypto gambling space. If the project continues to lack updates and user engagement, it risks becoming irrelevant, with the token potentially dipping further to the current $0.0006 range or even lower.
However, as mentioned before, if CryptoBet manages to introduce new features, revamp its offerings, and re-engage its community on a larger scale, CBET could see a modest recovery, though reaching its previous highs would still be a distant possibility. New integrations and strong partnerships could also contribute to its growth, which in this case could end up providing massive gains too.
This Presale Crypto Could Also Be a Potential 10X Crypto
CryptoBet has been a part of the crypto gambling space for quite some time, and despite its past stagnation, it has managed to deliver impressive returns in recent months. This resurgence highlights a broader trend—there is a growing demand for GambleFi projects as more investors recognize the potential of this sector.
The ability of older projects like CryptoBet to generate substantial returns after years of inactivity suggests that the sector as a whole could be poised for even greater growth. This rise in interest also opens up opportunities for newer projects, which are just beginning to establish themselves in the market.
One such project that could capture investor attention is Memebet Token. As an early-stage GambleFi project, Memebet Token is making waves with its innovative approach. It combines the popularity of memecoins with the excitement of crypto casinos, offering a seamless, no-KYC betting experience via Telegram.
With the ability to wager using popular memecoins, Memebet stands out as a unique entity in the space. So, investors looking for high-growth potential in GambleFi would surely want to keep an eye on this project, as it has all the hallmarks of a strong addition to a diversified portfolio.
Memebet Token has already been featured in several online articles, garnering attention from multiple crypto influencers. It has also been discussed in YouTube videos by leading creators like ClayBro, further validating its growing presence in the market. With a growing community and rising media coverage, this early-stage crypto offers investors a chance to enter a promising GambleFi project while it’s still in development.
To connect with the team or learn more about the project, investors can follow their social media handles on platforms like Twitter and Telegram.
Visit Memebet Token
*Cryptonomist did not write the article or test the platform.