Wagerr Price Prediction – Will WGR Coin Recover?

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Crypto projects have been experiencing a sudden increase in demand across the space ever since Bitcoin managed to reclaim its $63k price range. Wagerr, a popular casino-themed crypto, has also experienced a decent surge in demand and value, likely as part of this overall growth.

This new interest in the project, however, has left investors wondering if the token will be due for more profitable price actions in the coming weeks or months.

The Price History of Wagerr’s WGR Token

Launched during the early rise of the GambleFi sector, Wagerr’s WGR token initially gained substantial momentum, benefiting from the growing interest in decentralized gambling platforms. 

After its launch in 2017, WGR quickly soared to an all-time high of over $0.90, reflecting the strong early demand for blockchain-based betting solutions. However, the token’s popularity soon dwindled as competition in the sector grew, and the overall market for GambleFi slowed down.

Since its peak, the token has been on a continuous downtrend, with significant drops in value over the years. By mid-2018, WGR had fallen to around $0.07, marking a sharp decline of over 90%. Throughout 2019 and beyond, the token has largely remained in a bearish state, with minor spikes occasionally pushing it up to $0.05. Still, these have been short-lived as resistance levels formed around the $0.05 and $0.02 marks.

Currently, WGR is trading around the $0.002 range, with low trading volume and weak bullish sentiment. While the project had enjoyed a massive market cap of upwards of $157 million during its inception, it currently has a market cap of about $500k, which is lower than a majority of its competitors in the space.

What is Wagerr?

Wagerr is among the first crypto casinos that surged in popularity, launched way back towards the end of 2017, before the Bitcoin bull market had fully kicked off. It featured no betting limits, guaranteed payouts, and accessibility from any region as its main features, all while boasting a mobile application that promised high security. 

With its native token WGR, investors could enjoy access to a portion of the winning bets on the platform. As Wagerr focused on sports betting only, the platform shot up in popularity even sooner, as a crypto-based sportsbook at the time was hard to come across, unlike crypto casinos. However, in the past couple of years, the project’s popularity has seen a massive decline, with the website URL often not loading to the Wagerr platform.

Currently, reviews of the project mostly feature bearish views, which makes sense given that the original website of the initiative itself is unresponsive. However, there has been some activity when it comes to the WGR token over the years, even if it was usually making a lower low as it followed its ongoing downtrend.

WGR Price Prediction

Here is a price prediction for the WGR token, based on its chart history and relevance as a crypto project in 2024.

2024

Given the historical context and current trends, 2024 is likely to be a challenging year for WGR unless there is a significant development to revive its presence in the GambleFi space. The project has been largely inactive, with its website often unresponsive and its social media channels showing little to no engagement. Despite that, there’s still some regular trading volume, which suggests that a core group of investors or traders may still be active.

Technically speaking, the RSI shows signs of being in an underbought zone, currently around 30, which could hint at some potential for a short-term recovery. However, this alone is not a strong enough indicator for a full-fledged reversal. 

Without a community to support the token and no visible efforts toward platform growth or partnerships, WGR will likely struggle to gain any significant upward momentum. Traders could expect continued volatility with resistance around the $0.002 level, as the project lacks the fundamentals to drive any major sustained price growth at the moment.

2025

In 2025, the token’s situation may remain stagnant unless Wagerr can overcome its current issues, such as the inactive platform and declining user base. Without any visible roadmaps or updates from the team, it is difficult to anticipate any substantial upward movement. 

The crypto market is also becoming increasingly competitive, with new projects regularly entering the GambleFi sector, putting more pressure on older projects like Wagerr.

The price might see some occasional short-lived spikes due to speculative trading or macro market conditions, but it’s unlikely that WGR will break out of its downward trend without a revival of the project’s community and technology, as per the current chart analysis. 

Without major improvements or developments on the horizon, the token could continue to hover around current price levels, facing resistance at every upward attempt. However, if developers manage to focus on its development and marketing strongly once again, then a bullish move may be expected for the token.

2026

By 2026, WGR’s value will be heavily dependent on whether the project can resolve its current issues and bring back some level of innovation or engagement within the crypto gambling space. With newer and more advanced platforms emerging in the GambleFi sector, the competition will only intensify, which could further marginalize Wagerr if it remains inactive.

If the team behind Wagerr can manage to address its platform and community concerns, there may be room for a modest price recovery. However, without significant new developments or external catalysts, it is more likely that WGR will remain in its current state or potentially see further declines. 

The possibility of the token becoming obsolete is not out of the question if no improvements are made to the ecosystem. However, with a complete do-over of the project in terms of development and publicity, the project could also see some gains going forward.

Newest Casino Coin On Presale: MEMEBET

Wagerr, once a popular name in the crypto casino space, has now fallen to a drastically low valuation. Despite its initial popularity, the project has struggled to maintain momentum in recent years. 

While it may have the potential for a pump if its development is revived, many investors are now turning their attention to a new and promising alternative—Memebet Token. Memebet Token is setting itself apart by combining the excitement of memecoins with the thriving online betting industry. The project offers a seamless, no-KYC Telegram-based casino experience where users can wager with popular memecoins, making it a standout in the GambleFi space.

In addition to traditional casino games, Memebet Token features Play-to-Earn opportunities, giving users the chance to earn rewards while participating in fun, decentralized betting activities. The project’s growing community and active development have made it one of the most exciting presale tokens in the space right now, especially for those looking for an engaging and innovative crypto-betting experience.

Industry experts, including 99Bitcoins, have already dubbed Memebet as an explosive project with significant potential for growth. Having raised more than $275k already and boasting a growing community, one can surely consider the project’s native token MEMEBET as a great addition to their portfolio, especially if the goal is to stock up on potentially profitable GambleFi tokens.

To learn more, one can follow Memebet Token’s social media channels on Twitter and Telegram.

Cryptonomist did not write the article or test the platform.