BetFury Token Price Prediction – Is BFG a Good Investment?

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BFG, the native token of the popular casino BetFury, emerged on the news after it rose by more than 5% on the monthly charts. A multi-utility token powering the decentralized crypto casino, it has seen many ups and downs since its launch. 

Due to its recent performance, the crypto community is wondering whether they should invest in this token or look for alternative investments. 

What is BetFury?

BetFury is a licensed online gambling platform and sportsbook offering over 8k games. 

This versatile casino features a collection of slots, live casino games, and table games. It also offers 21 BetFury Originals. Designed for crypto enthusiasts, these games are simple and pack ample rewards. 

The platform also offers many bonuses, including a 590% welcome bonus spread across three deposits and up to $10,500. Additional promotions include regular tourneys and other seasonal perks.

However, the platform’s unique crypto section is noteworthy. It offers low-interest crypto loans, staking perks with up to 60% APY, and futures trading facilities. 

These factors have generated significant interest among crypto enthusiasts. As a result, BetFury’s native token—BFG—currently maintains a market capitalization of over $25 million. 

BFG Price History

CoinMarketCap’s earliest record for the BFG price shows that it was around August 2021 when it was around its all-time high: $0.03. The token’s value was corrected after that, and the crypto winter further pushed the token inside volatile zones. 

After trading within the $0.012 and $0.015 range throughout 2022 and most of 2023, it was in 2024 that the BFG price again tried to claim its all-time high. However, it fell short and could only reach the $0.029 level. 

The token’s value dropped again but bounced to the $0.023 level. BetFury’s fundamentals allowed BFG to stay afloat despite Bitcoin’s Black Monday on August 5th, 2024.

At the time of writing, BFG is trading around the $0.022 mark.

BetFury Price Prediction

At the time of writing, the BFG token is currently maintaining a stable RSI of 58, and its MACD is still in the positive zone, indicating that the token is in the accumulation range. 

Since late July 2024, the token has been trading between $0.02 and $0.024. The chart shows that its price action will remain inside this zone, at least for the short term. Based on this information, here are the price predictions for this token for 2024 and beyond. 

2024

If market conditions improve, Bitcoin could cross over its long-held resistance of $60k, and the entire crypto market may move to the bullish zone. This could push the BFG price to go beyond the $0.03 mark and target new highs. 

However, it will also depend on BFG Token’s adoption rate and investor’s reception of gaming tokens as a whole.

2025

If 2025 becomes a bullish year for Bitcoin, mirroring 2021’s price action, we may see the entire cryptocurrency market moving up. While high-cap crypto may rise by double or triple digits at most, low-cap tokens such as BFG could experience a higher level of price increase.

Furthermore, if more people arrive to test out BetFury’s staking perks, loans, and futures trading facilities, it could become a viable investment for long-term investors. If the BFG price moves up parabolically, it could reach above the $0.2 level.

Is Memebet Token A Good Investment: New Crypto Casino Project

Memebet Token is an ERC-20 token that powers a Telegram casino of the same name. The Memebet Casino, however, is a different type of online gaming site. While its games combine the traditional suite of old and new titles, Memebet Casino will be meme coin-exclusive. 

It means that users will only be able to use meme coins to wager on games, which will have a compounded effect on gaming. 

With the added risk of meme coins’ price action, the uncertain outcomes of the games will create a high-risk, high-reward environment suitable for degen investors. A constant barrage of memes on social media is another reason investors find this project engaging. 

Crypto Gains, a leading crypto YouTuber with over 136k subscribers, has also covered this project recently.

“If you are one of those people who go big on memes, Memebet Token is a good asset to pick,” the YouTuber said. 

The meme coin project will also bring two airdrops, dropping $MEMEBET tokens to those who wager their $MEMEBET tokens on the Memebet Casino games. Special perks are also associated with NFT Lootboxes. More information about them will be revealed soon. 

These factors have led the Memebet Token to raise more than $200k since launch. Currently priced at $0.0251, Memebet Token can potentially be a suitable crypto for those looking to diversify their gaming crypto portfolios. 

*Cryptonomist did not write the article or test the platform.