While BTC’s rise to $80K and $100K dominated price predictions earlier this year, investors are less optimistic now. Most of the broader market has slowed down, following in the footsteps of Bitcoin.
But emerging tokens like Insanity Bets ($IBET) defy the trend. Still in the presale stage, the viral token is immune to the downtrend, and investors are hoarding it in large numbers to take advantage of its high upside potential.
Has Bitcoin Reached its Peak?
Veteran trader Peter Brandt has suggested that Bitcoin may have already found its peak at $70K in this bull cycle.
Exponential decay is behind the dull outlook. Exponential decay occurs when each successive cycle sees a peak price at only about 20% of the previous cycle’s peak gain. Bitcoin has followed this trend in the last three market cycles.
Bitcoin cycle exponential decay. Source: Peter Brandt
As a result, the world’s largest cryptocurrency will struggle to reach $100K this year.
On the bright side, even Peter Brandt isn’t entirely convinced by this theory. He reveals that he is not happy about the Exponential Decay trend seen in Bitcoin, especially given its significant position in his investment portfolio.
Giovanni Santostasi, CEO and research director at Quantonomy, weighs in by pointing out that there is limited data to substantiate the theory.
For investors, the data is a signal to diversify into other emerging assets. That explains the rising interest in projects like Insanity Bets, which are still in their early stages, thus leaving a large room for returns.
Although the prevailing short-term bearish sentiment surrounding BTC can turn into a rebound soon, investors are redirecting their funds towards emerging assets with higher upside potential.
Why is Insanity Bets Trending?
In the crypto market, generating passive income goes beyond mere value appreciation. Staking rewards are also popular.
Insanity Bets is fast emerging as an excellent source of passive income in 2024.
Staking the native token, $IBET, investors can earn substantial returns. But there are also multiple $IBET derivatives available:
- $sIBET (staked iBet) earns 35% of all platform fees and can be converted into $IBET tokens with flexibility.
- $bIBET (burnt iBet) is created by permanently removing $IBET tokens from circulation. Holders of $bIBET receive 50% of platform fees, a notable increase over $sIBET’s 35%.
- $esIBET (escrowed iBet) rewards $sIBET holders automatically, facilitating the compounding of staking rewards.
Investors can also stake $USDT, $ETH, $WBTC, and $IBET to mint $ILP tokens on Insanity Bets. It fuels the house fund, enables larger bets, and investors who mint $ILP tokens receive 90% of the house’s profits (and losses) from games. The platform stays profitable in the long run, mitigating the risks of investing in $ILP.
GambleFi Continues to Thrive
GambleFi is hot. It is expected to grow further over the next few years for its blockchain-based foundation that offers better transparency and decentralization.
While established projects like Rollbit and Stake.com have been here for a longer time, they don’t suit investors who are seeking higher returns within a shorter timeframe.
This is where emerging projects like Insanity Bets come into the picture. Like Bitcoin, high-cap cryptos like Rollbit may have already reached their peak potential.
The best part about promising new cryptos is that they typically have a lower initial market cap, leaving more room for growth and returns.
Can Bitcoin surge by 5000% in a year? It is highly unrealistic. But newer projects like Insanity Bets have the potential to achieve significant growth in a short time.
The new wave of GambleFi initiatives is led by Insanity Bets.
It stands out due to multiple key factors. First and foremost, it offers an extensive gaming library featuring various games like Coin Flip, Dice, Rock Paper Scissors, Roulette, Keno, Hi Lo, Crash, Blackjack, Poker, and Slots.
The house edge ranges from 1% to 5%, thus ensuring long-term profitability.
The project takes a community-centric approach, with 90% of winnings and 85% of fee revenue returned to the community.
Insanity Bets staking tiers
Investors can unlock multiple sources of passive income with different risk appetites such as $ILP, $IBET, and $IBET derivatives. Solidproof and Cyberscope security audits underscore the credibility of the project.
Currently in the presale stage, $IBET tokens are available for purchase at fixed discounted prices. An 80-week vesting schedule is in place for team allocations, promoting long-term commitment.
Visit the official Insanity Bets website to learn more about the presale and the project. Presale investors are eligible to join the $1M Insanity Giveaway Contest.
Disclaimer: The text above is an advertorial article that is not part of Cryptonews.com editorial content.
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