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With Bitcoin finding its footing above its $63k key support, the entire market has reacted positively. While meme coins are going up, GambleFi cryptos have also started to trade in the green. Among them is $BAG, the native crypto of Bag.win, a metaverse-focused online gambling platform.
The crypto has experienced a major pump over the last three days. Investors are now wondering if they should start moving more towards utility-focused assets.
BAG Token Surges By Triple Digits In Two Months
While the BAG token has experienced a double-digit increase over the last three days, its price chart shows that, since August 5th, the token has risen by more than 150%.
The token is currently trading around the $0.002 level, with $0.0017 acting as its immediate support and $0.0026 standing as its resistance.
The token’s market capitalization is just over $10 million.
What is Bag.Win?
Bag.Win is an online cryptocurrency trading platform operated by BAG Limited. It is part of Decentral.Games, a metaverse online gambling platform. As a licensed casino, regulated by the government of the Autonomous Island of Anjouan, Union of Comoros, Bag.win’s primary focus is on virtual casino games.
The platform offers a wide array of titles, including Blackjack, Roulette, Plinko, Crash, Mines, Dice, Hi-Lo, Keno, and Tower. With notable providers like Evolution, BGaming, and more supplying games, the platform’s selection is constantly expanding.
Regarding bonus perks, Bag.win offers four main options: a 100% deposit bonus for new players, a $2,000 casino leaderboard, a $4,500 poker leaderboard, and a Hot Hand Jackpot.
In terms of interface, Bag.win is minimalistic, featuring just 30 games. It is also crypto-specific, though a drawback is that players are required to complete KYC (Know Your Customer) verification if they want to wager higher amounts.
Additionally, the platform is equipped with an engagement-based gaming experience, integrating social gaming elements for enhanced player interaction.
Bag.win Price Prediction
2024
Bag.win’s price action has been volatile. However, since August 2024, it has formed an upward channel pattern, hitting higher highs and higher lows. This indicates that the price is on a gradual upward trajectory.
If this channel holds and macroeconomic conditions remain conducive, with Bitcoin rallies and increased interest in BAG, the token’s price could rise. BAG might attempt to reach $0.003 by the end of 2024. However, a drop below the support line of $0.0017 could push its price down further.
2025
Provided that BAG continues to follow the current upward channel pattern, it is possible for the token to reach its all-time high of $0.0038 in the first quarter of 2025. Achieving this would require an 83% increase, which is feasible, considering the token’s value has risen by triple digits since August 2024.
If Bitcoin enters another bullish season next year and reaches the much-anticipated $100k mark, Bag.win could attempt to climb even higher. In such a scenario, it is possible for the token to reach new highs and potentially hit $0.01.
2026
Things may start to cool down for the entire crypto space in 2026 if Bitcoin undergoes a significant rally in 2025. This could lead to a slight decline in its price, similar to what happened in early 2022 when Bitcoin dropped from $69k to $50k. That said, with institutional investments, such as ETFs, flowing into Bitcoin, we may see more mainstream adoption for the world’s leading crypto. This could push bulls to maintain Bitcoin’s price, potentially trending sideways around the $120k range.
Since BAG is a low-cap crypto, it could also benefit from this stability, potentially experiencing a significant pump in value and reaching 10x growth.
Memebet – High Potential Casino Token Early in Roadmap
BAG is a suitable investment to consider. However, given its ongoing price volatility, it remains uncertain whether it will continue to maintain an upward channel pattern. Investors should consider diversifying their crypto portfolios with other assets that share similar fundamentals.
Memebet Token is one such cryptocurrency investment making waves in the crypto space with its unique combination of gaming and memes. Built on the Ethereum blockchain, this token introduces the world’s first meme coin-only online gaming platform, where meme coins are used exclusively for deposits and wagering.
Memebet Casino operates on Telegram, offering users the added advantage of anonymity. The platform will feature over 1,000 casino titles and numerous global sports betting opportunities.
Holding the Memebet Token provides users with several perks, including airdrops that require wagering on games using MEMEBET. Two airdrop seasons are planned, with the first one set to occur during the presale, by which time Memebet Casino will have been developed.
Additional perks include access to NFT loot boxes containing real-world prizes and tangible benefits for users. These appealing factors have enabled Memebet Token to raise more than $300k to date.
Even the most analytical crypto reviewers, such as Cilinix Crypto, have stated that this project could potentially be the next 5x casino coin.
