As the Shiba Inu (SHIB) price struggles to escape the magnet pull of its 21 and 50DMAs and remains locked within recent ranges, Shiba Inu holders are shifting funds to a new crypto gambling ICO called Mega Dice (DICE) as they eye potential 100x gains in 2024.

The SEC’s approval of spot Ethereum ETFs this week might have boosted ETH and some of its ecosystem tokens like Ondo.

But it has failed to bolster Ethereum-based meme coin Shiba Inu.

Last at $0.00002420, the world’s second-largest meme coin has been struggling with momentum in recent weeks.

The Shiba Inu price has been trapped in the $0.000020s now since the start of April.

With the Shiba Inu price trapped in the $0.000020s for two months, this new crypto gambling ICO is attracting attention. Source: TradingView

While Shiba Inu is still up 130% on the year, its down nearly 50% from earlier yearly highs.

It’s no surprise then that holders are shifting to alternatives, like exciting new crypto gambling ICO Mega Dice (DICE).

New Crypto Gambling ICO Mega Dice (DICE) Presale Raises $1.1 Million

Mega Dice is an already well-established crypto casino, boasting more than 10,000 monthly users and $50 million in monthly wagers.

But the crypto casino is looking to enhance user experience and its web3 integration via taking a natural next step. The launch of its very own utility token, DICE.

Given the platform’s strong userbase and growth prospects, the DICE presales has been a huge success.

Token sales have already surpassed $1.1 million, investors pile into to bag DICE at a cheap valuation.

$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

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.

The crypto casino project is also running a $750,000 airdrop to reward early presale investors. Mega Dice is also running a referral scheme.

Our Season 2 AIRDROP is still ongoing! Don’t miss your chance to grab a share of the $750,000 airdrop!

The $DICE presale has already reached $1.3M and is well on its way to the next target of $2M!

Remember, 1 $DICE = 0.075. Price will increase when we hit $2M

BUY… https://t.co/I9m6DVDKj2

— Mega Dice Casino (@megadice) May 24, 2024

Can DICE 100x?

At $0.075 per token, DICE has a very modest market cap of $33 million.

Consider 1) that Mega Dice is already a market leader and 2) the growth potential of GambleFi, traders shouldn’t rule out that DICE could 100x from here.

As per data compiled by Statista, the global betting market is worth $263 billion annually. Crypto casinos barely make up 0.1% of this.

But a broad Gambling industry shift to web3 seems inevitable, thanks to the superior security, transparency, and anonymity that blockchain-based web3 applications offer versus their centralized web2 counterparts.

Indeed, GambleFi has seen explosive growth in the past year.

As per a Dune dashboard, the cumulative number of GambleFi users continues to rapidly expand on both Ethereum and Arbitrum.

Whether Mega Dice can retain its market leadership position is probably the biggest question. But if it can, DICE could one day become a multi-billion dollar coin.

Check Out Mega Dice Casino’s Presale

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