As the Floki (FLOKI) bulls eye a quick 50% rally from current levels around $0.00021 to yearly highs above $0.00031 after a key technical break, its holders are beginning to flock to a new crypto casino project called Mega Dice (DICE).
FLOKI pushed to the north of an ascending triangle pattern this week and is back above its major moving averages.
The broader crypto market has been pumping this week after soft US CPI data and on Bitcoin ETF optimism.
The softer-than-expected US inflation figures have spurred hopes that Fed rate cuts are coming later this year.
US core #inflation cools for 1st time in 6 mths in relief for Fed and financial markets. April core CPI, which excl food and energy costs, increased 0.3% from March MoM after +0.4% MoM prev month. From a year ago, it advanced 3.6% in Apr after +3.8% YoY in March. Overall… pic.twitter.com/0MzgiswrxF
— Holger Zschaepitz (@Schuldensuehner) May 15, 2024
That appeared to attract institutional investors back to spot Bitcoin ETFs in droves, with products enjoying net inflows all week.
As per The Block data, inflows are already above $750 million since Monday.
Add into the mix 13F filings, which showed over 500 asset managers gaining exposure to Bitcoin ETFs in Q1.
It’s no wonder the market has been rallying, and meme coins like Floki have been going higher with it.
Monday’s sudden return of legendary GameStop investor Roaring Kitty has also spurred hopes that meme stock/meme coin season has returned.
FLOKI’s next upside target will be a retest of late March highs around $0.27.
Beyond that, the March all-time highs above $0.31 will come into play.
As Floki shapes up for a rally, profit-taking Floki holders are flocking to crypto casino project Mega Dice, as some suggest 100x gains are possible in 2024.
Mega Dice is a well-established crypto casino that already boasts over 10,000 monthly users and $50 million in monthly wagers.
The crypto casino is expanding its utility and web3 integration via the launch of its exciting new DICE GambleFi token.
Here’s why it could be 2024’s best presale.
Crypto Casino Project Mega Dice (DICE) – 2024’s Best Presale?
Thanks to its already sizeable user base and exciting value proposition, the DICE presale has been absolutely flying.
Mega Dice has already sold tokens worth nearly $1.1 million.
$DICE presale has raised $1 MILLION!
This #MillionDollarMilestone brings us closer to revolutionizing GameFi. What’s coming next?
Next tier price: 0.075
Next presale target: $2M
We’re implementing multiple tiered price increases, so make sure to secure your $DICE… pic.twitter.com/MDfn5lVhju
— Mega Dice Casino (@megadice) May 15, 2024
At $0.075 per token, DICE is valued at a very modest $33 million market cap. That’s very low considering the amount of real-world adoption Mega Dice’s platform is already garnering.
With crypto casino project Mega Dice already a market leader in GambleFi, its coin could one day be worth over billions of dollars.
This could easily be a 50-100x coin, which could rank it as 2024’s best presale.
Another milestone reached here at Mega Dice Casino
We now have 9000 members in the $DICE Telegram community
$70K left before we hit $1M – Get your $DICE before next price increase
https://t.co/Pk6R16oOKk pic.twitter.com/vZCPF0Kzs0
— Mega Dice Casino (@megadice) May 13, 2024
In terms of what DICE holders can expect to get – big cashback benefits on their wagers, access to limited edition NFTs that grant VIP Mega Dice gaming benefits and an impressive passive income via staking and Mega Dice’s generous refer-to-earn program.
https://x.com/megadice/status/1790762975143285230
The crypto casino project is also running a $750,000 airdrop to reward early presale investors. Mega Dice is also running a referral scheme.
Check Out Mega Dice Casino’s Presale
The post Floki Holders Are Flocking to This Crypto Casino Project – 100x Possible in 2024? appeared first on Cryptonews.
