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Thanks to its variety of captivating elements, the Formula 1 industry has continued to experience a significant surge in popularity, with a growing user base across the world.
According to Forbes, Formula 1 races collectively recorded a historic 5.7 million attendees in 2023. This figure is projected to continuously rise, meaning more users and investors will be joining the sector each year.
Billion Dollar Jackpot is a new blockchain-powered project that aims to capitalize on the virality of the F1 market to gain traction. Powered by its native token $BDJ, this innovative project blends the thrill of F1 along with crypto to deliver a rewarding and fun-filled gaming experience.
The project kicked off its presale campaign a few weeks ago and has garnered close to $200k at the time of writing. Can $BDJ leverage its F1-based fundamentals to attract a large number of potential investors? How high can the token go post-launch? We assess the different aspects of this project to predict where its price may be heading once the presale concludes.
What Is Billion Dollar Jackpot?
Billion Dollar Jackpot is a revolutionary platform that seeks to change how sports enthusiasts engage with Formula 1 racing. The project, through its upcoming blockchain-based platform, is providing an exclusive opportunity for users to predict the top 10 racers in the thrilling F1 competition and savor life-changing winnings. The closer the prediction given by players, the more rewards they win.
To enhance the overall experience of players and help them make informed predictions, Billion Dollar Jackpot will integrate real-time F1 data, statistics, and analytics. These top features, coupled with its AI-driven recommendations increase users’ chances of making accurate forecasts and winning big rewards.
More so, beyond the regular prediction of F1 events, Billion Dollar Jackpot also plans to host an “End of Season Jackpot” to incentivize the season’s overall top performers with huge crypto prizes. All rewards on the platform will be paid out through its native currency, $BDJ.
Users will also be able to stake their $BDJ tokens to get passive income. With not less than 20% of its total supply allocated to rewarding early holders, BDJ’s staking adds an extra layer of reward potential to the ecosystem. As such, users can either earn $BDJ by making the right predictions, staking their tokens, or both.
Finally, by relying on blockchain technology, Billion Dollar Jackpot promises to deliver an F1 prediction platform where gaming outcomes are fully transparent and fair.
Billion Dollar Jackpot Price Prediction – Next Big Project In The GambleFi Niche?
While Billion Dollar Jackpot may be in its presale phase, it has explicitly revealed its primary concept and the direction it aims to follow in the future, thereby making it possible to gauge its potential as a cryptocurrency.
So far, $BDJ has earned considerable interest, particularly from investors who are enthusiastic about emerging GambleFi cryptocurrency projects. The rising popularity of tokens in this niche is not unconnected to the level of growth that has greeted the online gambling landscape over the last few years.
According to Statista’s recent data, the overall market value of the industry has exceeded $100 billion, with expectations that it might attain a $500 billion valuation in years to come. The exponential growth of this market has incredibly benefitted gambling-specific cryptocurrencies. At press time, these cryptos boast an overall market cap of more than $290 million.
Billion Dollar Jackpot taps into this trend by launching a decentralized prediction ecosystem where gamblers, particularly Formula 1 lovers, can forecast race results and win mind-boggling prizes. While most gambling platforms cover different varieties of sports betting options, Billion Dollar Jackpot has taken a unique route by specializing in Formula 1 alone.
According to its website, the gaming ecosystem will feature numerous game modes and interactive elements to support players while placing bets on the racers who may probably win the game. This creative concept coupled with the promise of large payouts enhances the market appeal of Billion Dollar Jackpot.
While $BDJ is expected to successfully attract many investors to its ongoing presale, the complete launch and adoption level of its F1-specific platform will be the major factor driving its post-launch performance on the price charts.
To better understand Billion Dollar Jackpot’s potential, let’s draw a comparison with $RLB, the native token of a well-known online casino Rollbit. Built on Solana, RLB serves as gamblers’ ticket to unlocking the high-rewarding lottery program of the Rollbit casino.
Thanks to the well-established market presence of Rollbit, RLB took off in 2022 and quickly gained the attention of a huge chunk of investors. Since making its debut on exchanges, this token has soared by more than 2000%, bringing 20x returns to earliest investors. Also, with a market cap of $180 million, RLB has established itself at the frontline of the bustling GambleFi niche.
RLB’s outstanding performance within a few years of its launch serves as a testament to the widespread acceptance of the crypto gambling sector.
$BDJ has a chance to follow in the footsteps of RLB, benefitting from the rising interest in the gambling market if it fulfills its core promise of turning people’s passion for Formula 1 into potential profits.
That being said, a good presale outing for $BDJ will definitely strengthen its chances of securing top exchange listings as soon as it lands on IEO.
According to Michael Wrubel, a famous market expert with more than 300k YouTube subscribers, the prospect of getting listed on tier-one trading platforms alongside its innovative gaming and staking offerings can help BDJ bite into the market share of RLB, probably becoming the next 10x crypto in the GambleFi market.
Another GambleFi ICO To Watch Out For This Year – The Meme Games
The Meme Games (MGMES) is another top GambleFi crypto project with exceptional reward potential. Inspired by the competitive spirit of the Olympics, The Meme Games taps into two of the most trending niches in the crypto realm – memes and gaming to deliver a combination of exciting and rewarding investment experience.
Central to The Meme Games is its highly unique gamified presale model which empowers early investors to multiply their investments from the very start. While participating in its presale, investors are offered a rare opportunity to win a 25% bonus through their favorite meme coin characters. The project supports top meme coin characters such as Dogecoin, Brett, Pepe, Dogwifhat, and Turbo.
Participants will be able to select any of the aforementioned characters for an exhilarating 169m sprint. Whenever any of the selected athletes win the race, their investors will savor a free bonus on the $MGMES they buy.
In essence, apart from facilitating a sense of belonging and enthusiasm among different meme coin lovers, The Meme Games is also introducing an exclusive avenue for them to amplify their gains, even while at presale.
Meanwhile, one of the most intriguing aspects of this presale approach is that it supports multiple entries, meaning investors can participate as many times as they want and earn more rewards. More so, since there is no minimum purchase requirement, The Meme Games is the right bet for those seeking to increase their bags this year.
In terms of transparency and security, The Meme Games leaves no stone unturned. First, like the Billion Dollar Jackpot project, it leverages the powers of blockchain to ensure that the outcomes of games are not only transparent but also random. When it comes to security, The Meme Games has received a full audit from Coinsult and SolidProof.
These key aspects of the project, fueled by its multiple appearances on prominent crypto publications like Finbold, Bitcoinist, and even Cointelegraph, have positioned $MGMES on the watchlist of many degen investors.
More so, keeping up with the trends of the latest presale cryptos, The Meme Games has also introduced a standard staking facility where investors can put their tokens to best use and earn dynamic APY rewards. Those who stake their tokens right now will savor a three-digit annual percentage yield. However, as more tokens are staked, the APY rewards will reduce, making it important for early investors to acquire and stake their $MGMES tokens as soon as possible.
The Meme Games is expected to draw the curtains on its presale on September 8, with expectations that the token will list on DEX two days later. Given the surge of interest in new meme coins and its multiple rewarding initiatives, ClayBro, a leading crypto YouTuber with over 130k subscribers tips The Meme Games to record explosive performance upon launch.
Ahead of its September 10 exchange listing, investors can take advantage of The Meme Games’ ongoing low-entry event to get in on the ground floor. 1 $MGMES is currently selling for $0.0093 and can be purchased using ETH, BNB, USDT, and credit/debit cards.
For more updates, follow The Meme Games on X or join its Telegram channel.
*Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2024/08/21/billion-dollar-jackpot-price-prediction-is-bdj-the-next-big-gamblefi-crypto-to-watch/