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$WIK, the native token of Wicked Bet Casino, has been in a desperate battle for survival, having struggled to gain the attention of the wider crypto investing community.
Although it made its debut with high intentions and expectations, $WIK has only been able to lure a handful of investors – a development that has negatively impacted its trading volume.
Per on-chain data, $WIK currently has one of the lowest trading volumes over the past eight months, indicating a lack of interest from investors.
Unsurprisingly, $WIK’s inferior liquidity has taken a toll on its price, opening it up for extreme volatility. While it saw a 3% surge in the last 24 hours, hovering between the $0.031 and $0.038 levels, the $WIK price is still down 16% over the past week.
Can $WIK turn things around to actualize its mission of leading the next generation of GambleFi tokens?
What Is WickedBet Casino
WickedBet Casino is a decentralized online casino that showcases a plethora of games, provided by reputable software developers like Pragmatic Play, Push Gaming, Evolution, Quickspin, and Thunderkick amongst others.
Gaming offerings on WickedBet Casino cut across slots, card games, and live casino options. The platform also offers lotto betting on the outcome of 27 different international lotteries, including Powerball, Euromillions, and MegaMillions.
Being the core currency of the casino ecosystem, $WIK serves as a microtransaction token, giving holders an edge over their counterparts. Also, WickedBet offers discounts on all lottery bets submitted with $WIK. Other perks tied to this token include rakeback boosters, odds boosts, VIP bonuses, and many more.
$WIK has a total supply of 100 million and not less than 30% of the supply has been burned through the intensive burning initiative of WickedBet.
$WIK Price Forecast – Can WickedBet Casino Token Recover?
$WIK has been the subject of rapid swings since the start of the year, oscillating between $0.03 and $0.1 on most days due to limited buyer and seller participation.
In a burgeoning crypto market characterized by high volatility, projects seeking to enjoy more stability and minimize the risk of sudden price fluctuations must command substantial trading activity.
However, being a cryptocurrency with minimal trading activity and sparse participants, $WIK’s overall price performance has been majorly influenced by shifting sentiment and trends in the broader crypto market. As such, it is no surprise that it joined the rest of the crypto market in a March 2024 significant rally that took the price of Bitcoin to its current all-time high of $73,835.
Amid the lively uptrend in the market, $WIK briefly rallied to a record high of $0.2 before correcting to settle around $0.1. Since that time, the WickedBet Casino token has been in one of the most bearish downtrends, losing almost 70% of its peak value.
While there’s no doubt about $WIK’s posture as a GambleFi token, given its utility posture as the micro-transaction currency on all of WickedBet Casino’s offerings, its overall performance has not corresponded with the level of growth witnessed in that niche. Unlike more established gambling-focused cryptocurrencies like RLB, $WIK has an extremely low market cap of about $1.5 million which further makes it susceptible to more volatile actions.
In fact, considering its current market position, even little transactions among its small cohort of traders can trigger heavy price fluctuations for $WIK.
With that being said, $WIK’s poor market outing is underpinned by many factors, including its less public awareness, minimal community reach, limited listings, and low level of interest in its gambling offerings.
At the time of writing, $WIK is only trading on Uniswap DEX and has not been listed by any CEX platforms at all – not even smaller exchanges like KCEX, thereby hindering its popularity among investors. Meanwhile, even a few investors who were aware of the asset have not been showing great interest in what it has to offer, as indicated by its on-chain trading volume.
Despite the consistent market struggles, a new dawn is still plausible for $WIK if the project team can introduce more compelling updates, integrations, and utilities that not only align with market trends but also appeal to a wider investor base.
If the team is able to initiate strategic partnerships with top-rated brands and come up with high-rewarding offerings that can expand its community reach, $WIK will definitely resonate with more investors, thereby driving up its demand. Otherwise, the token’s downward movement before the end of the year may possibly be higher than its upward movement.
Above all, given the uncertainty around the future of $WIK, investors are now turning to new ICO alternatives like Memebet, which many experts have tipped for an explosive debut.
Leading Alternative To $WIK – $MEMEBET
Developed on Ethereum, Memebet is turning heads as the first-ever web and Telegram online casino that primarily caters to the diverse gambling needs of all categories of degen crypto gamblers. The innovative project is pioneering a new generation of crypto gambling that will not just unite different meme coin communities but also deliver the authentic thrills embedded in the electrifying realm of online casino and sports betting.
What sets Memebet apart from other online casino projects is its emphasis on transforming the decentralized crypto gambling arena through its multi-meme posture, versatile gaming options, and mind-boggling reward mechanics. At its core, Memebet introduces a completely unique way for degen gamblers to wager on their favorite casino games and sports betting markets through mainstream meme tokens like Pepe, Dogecoin, Floki Inu, Shiba Inu, Bonk, and even its native token $MEMEBET.
Also, aligning with other top-tier crypto gambling platforms, Memebet is offering a sweeping array of high-rewarding and engaging wagering possibilities. From adrenaline-pumping crypto-native slots to different variations of live casino games, Memebet is positioning itself as a fast-emerging hub for ecstasy and winnings. Those who love to wager on global sports betting markets will also find Memebet attractive. Featuring competitive odds and excellent payout powers, Memebet provides limitless opportunities for lovers of the game.
One vital factor that could fuel Memebet’s organic growth is its ease of access. While the casino is fully accessible through its fully optimized web version, users seeking a more seamless pathway to enjoy its unlimited gambling offerings will also be able to use its Telegram bot. This flexibility will open up Memebet for widespread adoption and positively improve the overall experience of users.
Most importantly, Memebet, despite being at its earliest stage, has started ticking all the right boxes to deliver safe gameplay and investment. The revolutionary meme coin project recently passed an audit from Coinsult – an independent blockchain security protocol. This impressive milestone, coupled with its integration as a regional ambassador of the Argentine Football Association (AFA) strengthens Memebet’s credibility in the market.
Meanwhile, while wagering on games with traditional meme coins guarantees unbeatable gameplay, those who use $MEMEBET will even be able to activate special exclusive holder benefits like regular P2E airdrops, special NFT loot boxes, early access to new features and games, and VIP bonuses for high rollers. As a matter of fact, in celebration of the upcoming launch of its casino platform, Memebet is currently airdropping $1,000 worth of $MEMEBET tokens to lucky casino wallets.
Those willing to benefit from this generous offering can follow these simple steps – buy $MEMEBET during its ongoing presale, submit their purchase wallet address, and join the platform’s social media channels. Qualified persons will get their free rewards as soon as the presale is over.
According to popular crypto market analysts, Memebet’s major draw lies in its ability to merge two of the most trending niches in the global crypto market – GambleFi and meme coins. Don’t forget these two niches have witnessed tremendous growth over the past few years due to the surge of interest in what they have to offer.
While the meme coin sector is still far ahead, boasting a cumulative market cap exceeding $55 billion, the GambleFi niche is gradually making its mark, commanding a total valuation of about $350 million. By taking an innovative posture that taps into the fundamentals of these two hot niches, Memebet is strategically positioned to capture the imaginations of the wider crypto community.
Considering various experts’ predictions, Memebet has all it takes to become a key player in the global crypto landscape, biting into the market share of its predecessors in the GambleFi and meme coin sectors.
At press time, Memebet has garnered close to $400k in presale as investors continue to bet big on its future potential. Priced at $0.0257, $MEMEBET is considered an ideal option for those seeking to diversify into a new crypto asset offering a combination of fun and utility at low costs. $MEMEBET can be swapped with BNB, ETH, MATIC, USDT, or debit/credit cards.
To stay updated with the project, follow Memebet on Twitter or join its Telegram channel.
