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As Bitcoin reclaims the $63k range after a recent dump, other crypto projects have also been enjoying some bullish momentum. The GambleFi category, in particular, has been attracting attention, with projects like Bazed Games experiencing a sudden surge in demand and value.
But will this recent popularity continue in the coming months and reflect in its price trajectory? This BAZED price prediction attempts to answer this.
What Caused The Recent Pump
Bazed Games has experienced a remarkable surge in price over the last week, climbing over 100% within a short period. This upward movement saw the price jump from around $0.03 to a peak of $0.06 before settling slightly at $0.054, with a market cap currently exceeding $4 million.
This sudden pump is likely attributed to the increasing number of players joining the platform, which signals growing user engagement and platform adoption. The broader market conditions have also been slightly favorable in recent days, with the GambleFi sector witnessing a surge in demand. As one of the projects operating in this space, Bazed Games appears to have benefited from this increased interest, drawing attention from both investors and gamers alike.
However, despite the sharp increase, the price has corrected slightly, reflecting a healthy market reaction to short-term profit-taking. The underlying factors that likely triggered the pump—expansion of the player base and positive market conditions—remain intact, suggesting the potential for further growth in the near future.
What is Bazed Games?
Bazed Games is a decentralized GambleFi platform designed to bring blockchain-based gaming experiences to users. It can be considered just another crypto casino with a native token of its own, aiming to be the best in the space.
Players can engage in various games and betting activities while earning rewards using the native BAZED token. Integrated within the blockchain ecosystem, Bazed Games leverages DeFi principles to offer transparent, secure, and fair gaming opportunities.
It positions itself as a great entity by offering features that appeal to both crypto investors and casino enthusiasts. With features like competitive odds, fair play algorithms, and player rewards, the platform aims to blend the excitement of online gaming with the transparency of blockchain technology. It offers both a casino and a sportsbook, packed with leading titles and betting options from top providers.
The project features a vibrant social media community as well, indicating an organic following that could translate to potential users and investors.
Bazed Games Price Prediction
Based on multiple elements, a price prediction for the BAZED token can be made, giving investors a general idea of its future direction:
2024
Bazed Games has seen significant price movement recently, but technical indicators suggest mixed signals for the rest of 2024. Indicators suggest resistance at current levels, while the RSI sits near neutral, indicating balanced buying and selling pressure. The recent surge in GambleFi interest could support moderate price increases, but the sharp corrections suggest volatility will remain a key factor.
By the end of 2024, if the player base continues to grow and market conditions stay favorable, incremental gains are possible. However, any slowdown in platform growth or broader market downturns could result in a reversal, keeping prices relatively stagnant. For investors, a cautious outlook is warranted, with potential for short-term fluctuations but limited explosive growth.
2025
Looking ahead to 2025, the project’s current chart shows early bullish signals, which could hint at a positive price trajectory for Bazed Games if broader market trends remain favorable. If the platform successfully scales its operations and continues to attract players, slow but steady price increases are likely. The key to growth will be maintaining user interest and further expanding the ecosystem.
Without significant improvements or developments, however, the project could face challenges, potentially leading to sideways trading or even slight declines. Any downturn in GambleFi’s overall popularity or an influx of competitors could also negatively impact growth, making 2025 a year where the token may attempt to cross the $0.2 range or fall back to its current price levels.
2026
By 2026, Bazed Games will need to have firmly established itself as a major player in the GambleFi sector to maintain any kind of upward momentum. The price could experience more sustainable growth if the project successfully builds partnerships, integrates new features, and innovates within the industry.
However, competition in the sector will likely be fierce, and projects that fail to continuously engage users could see significant price drops. If Bazed Games manages to retain and grow its user base while offering new incentives and unique features, it could see significant gains, potentially inching toward the $1 range. Conversely, if it struggles to keep pace with competitors, the token might stagnate or even decline. So while price increases are possible, they depend heavily on long-term execution and market conditions.
Another High Potential GambleFi Crypto But With a Twist
Bazed Games is undoubtedly a strong contender for anyone interested in the growing GambleFi genre, thanks to its rising popularity and increasing player base. However, for memecoin enthusiasts looking for a more tailored experience, Memebet Token can also be an excellent platform, offering an exciting twist. Unlike traditional GambleFi projects, Memebet supports major memecoins as a payment option, seamlessly integrating popular tokens into its ecosystem.
What sets Memebet Token apart is its focus on the meme community and its no-KYC, Telegram-based crypto casino. It allows players to wager with their favorite memecoins, creating a fun and decentralized betting environment. In addition to traditional casino games, Memebet offers Play-to-Earn opportunities, where users can earn rewards by wagering MEMEBET tokens.
This innovative concept has already caught the attention of several influential figures in the crypto space, gaining endorsements from notable publications and YouTubers. Leading platforms like Cryptonews have expressed bullish sentiments about Memebet Token on their YouTube channel, highlighting its unique use case and potential for growth in the memecoin and GambleFi sectors. Its recent exposure on various crypto websites further solidifies it as a promising project to keep an eye on.
Having raised more than $275k already in its ongoing presale, the project is expected to enjoy massive growth in the coming weeks or months post-launch, which has made investors flock in and stock up on the presale tokens already.
To learn more, investors can follow the project’s social media channels on Twitter and Telegram.
*Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2024/09/25/bazed-games-price-prediction-2024-bazed-gamblefi-token/