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Worth over $350 million in total valuation, the Gamblefi space is surely shaping up to be an aggressive category in the crypto space. This is due to several projects, one of which is SBET, which is not only gaining popularity online but has also been surging in value lately.

But is SBET a good investment to consider right now? This price prediction may help provide some clarity.

Why is SBET Gaining Traction?

While SBET is the name of the crypto and its ticker too, the project that it serves as a native token for is called Sportbet. As the name suggests, Sportbet is a gambling platform focused on providing sports betting services. It also features a casino of its own, packed with popular and trending game titles from leading providers in the space. 

With over a 125% bonus package up to $1000, 50% fast-release cashout up to $500, and more, the platform automatically becomes a very appealing option for betting enthusiasts. One can also enjoy a $50 risk-free bet, which is just another one of the various promotions the platform currently has. 

100% anonymous ⁰
To get a fully #decentralised #betting experience, players can log in via their EOS wallets.
No KYC needed.
We take bets in bitcoin, ethereal, tether, EOS, Litecoin, SBET
Sportbet website https://t.co/va7qp9OMY8
Telegram https://t.co/XwadcZ92gt pic.twitter.com/xLRMTfeSNT

— sportbetone (@SportBetOne) April 14, 2022

Currently, Sportbet supports over 14 sports betting options, all curated to provide the best experience for users, from ease of navigation to high security. Built in 2018, it is a licensed entity that has been gaining popularity recently due to its steady growth in demand as well as token value.

The recent months have showcased major volatility for the crypto space, with projects like Bitcoin and other leading altcoins also seeing fluctuations at regular intervals. This cannot be said to be the case with SBET, which has been on a constant uptrend since the start of this year, with very minute price drops in between. 

Despite supporting just six cryptocurrencies, including its native token SBET, and being a lesser-known entity, the project has managed to garner attention across the globe. Naturally, all these factors combined have paved the way for the project and its native token SBET to go viral in the crypto space.

SBET Token Price History

SBET has experienced a slow yet steady growth pattern over the past few years. Launched in 2018, the token initially saw low trading volumes, reflecting a relatively quiet presence in the market. However, as the Sportbet platform began to gain traction with its robust sports betting and casino offerings, SBET gradually started attracting attention from the crypto community. 

The token has consistently trended upward since early 2024, as reflected in the chart, with minimal retracements and corrections. Volumes have also been increasing, indicating growing interest in the token, though it remains a relatively small project compared to major players in the gambling and crypto space.

One key element of the project is the lack of transparency regarding key data like its precise market cap, which leaves a certain level of skepticism about its long-term viability. Nevertheless, given the gradual rise and steady interest from investors, SBET has positioned itself as an interesting, albeit lesser-known, asset in the growing Gamblefi sector.

SBET Price Prediction

2024

As 2024 nears its end, SBET’s current upward trajectory may continue, largely fueled by increased attention to the gambling sector, especially with the expansion of online betting platforms. The rising RSI (currently around the 79 range) reflects the strength of this uptrend, though it also hints at a potential overbought condition. 

If demand continues and more promotions attract new users, this steady rise might persist. However, investors should remain cautious about the relatively low liquidity and possible corrections after this strong upward momentum. At the time of writing, the project has been in the $0.0045 range, so there may be a possibility for the token to cross the $0.005 level by the end of 2024 if the analysis plays out correctly.

2025

By 2025, SBET could continue growing slowly but steadily. The token may see additional gains if the Sportbet platform further expands its user base and diversifies its crypto offerings. While the MACD, based on the current chart, suggests a solid trend upward, the pace of growth is expected to remain modest unless the project announces major developments or improvements. 

The potential for adoption and partnerships within the Gamblefi space could act as significant growth factors. However, the value of the token will hinge largely on the project’s development and popularity, without which there may be a huge slump in value for SBET.

2026:

In 2026, SBET’s growth may be more substantial, assuming it solidifies its presence in the competitive crypto gambling space. Increased gambling activities and the mainstream acceptance of blockchain-based betting could contribute to its value rise. However, external factors like regulatory changes and market saturation could influence its overall performance. 

While growth seems likely, the extent of it will depend on how well the project adapts to evolving industry trends and expands its utility. If the current pace at which the token has been growing continues even after two years, then the $0.01-$0.02 range may not be difficult to achieve.

Memebet Token – Newest Gamblefi Investment Vehicle

Memebet Token can be an exciting alternative to consider alongside SBET, particularly for those who are looking for faster short-term gains. While SBET has been growing steadily over the years, making it an excellent option for long-term investors, Memebet Token stands out with its strong social media presence and rapid traction in the crypto space, even though it has not officially launched yet.

For those who prefer a faster pace and are hoping for a significant price surge, Memebet Token could be a great option to consider. Its growing popularity and virality element, combined with the unique concept of a casino powered by memecoins, sets it apart. 

Unlike traditional platforms that rely on leading cryptos or traditional payment methods only, Memebet allows users to wager with several top memecoins. This innovative approach has garnered attention from major crypto outlets and influencers. 

Popular YouTuber Cilinix Crypto has even dubbed Memebet Token the next big casino crypto, predicting it could easily 5x in value within the coming months.

Memebet Token’s initiative is set to target two key groups: Telegram’s vast user base of over a billion people and degen crypto gamblers who are eager for a fun, meme-fueled casino experience. The project offers several perks that are already turning heads, such as a no-KYC Telegram casino, crypto-native casino games, and a global sportsbook covering major sports leagues like the EPL and NBA.

For those interested in keeping up with Memebet Token’s progress, the project is active on both Telegram and Twitter, offering regular updates and a space for investors to stay informed.

Visit Memebet Token

*Cryptonomist did not write the article or test the platform.