XRP Holders Are Shifting Funds to This New Crypto Project – What’s the Big Deal?

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Joel Frank

Author

Joel Frank

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Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology…

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Last updated:

October 8, 2024 11:17 EDT

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XRP (XRP) holders have faced disappointment since last week as the cryptocurrency struggles to gain momentum despite recent catalysts, leading many to explore new opportunities like Meme Bets (MEMEBET), a crypto project within the growing meme coin and GambleFi spaces.

Last trading around $0.53, XRP is down over 20% from last week’s highs in the $0.66s.

The XRP price has struggled to challenge yearly highs in the $0.70s, even with the anticipated boost from Bitwise’s XRP ETF application.

Despite hopes that positive developments would send XRP above last year’s highs, the cryptocurrency has failed to recover significantly.

Its lack of a serious adoption story, in contrast to major coins like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), has likely contributed to this underperformance.

Given these missed opportunities, XRP holders are now turning to alternative cryptocurrencies, with Meme Bets seen as a potential standout in the market.

What Makes the New Crypto Project Meme Bets Stand Out?

Meme Bets is a new crypto Telegram and web casino project that has quickly gained attention, especially within meme coin trading and GambleFi circles.

The project seeks to become the first crypto casino where users can bet using their meme coin holdings, offering a unique proposition for meme coin enthusiasts.

To fund platform development, Meme Bets is conducting a presale of its native MEMEBET token.

The presale has quickly approached the $400,000 mark within a few weeks, reflecting the increasing attention around the project. Many analysts are viewing MEMEBET as a token with growth potential.

Several crypto analysts have shown support for the token, urging their audiences to consider it.

Tyler Hill Investing identified it as a noteworthy presale in the current market.

Clinix Crypto and analysts at 99Bitcoins have also expressed optimism about the project’s future.

Analysts at Cryptonews.com also rank Meme Bets as one of the top new meme coins to watch.

With growing interest, Meme Bets presents a new option for investors looking to diversify into meme coins and GambleFi.

Buy MEMEBET Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.