CoinPoker Price Prediction – Is $CHP a Good Investment?

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CHP, the native token of one of the world’s biggest crypto poker platforms, CoinPoker, has dropped by close to 5% since last month. However, this price action is mostly because of the inherent market volatility. 

Will the current online gambling craze allow CoinPoker to surpass the $1 mark heading into 2025? 

CoinPoker Price Heading Into Q4 2024

Over the last 30 days, CoinPoker’s price is slightly in the green, up just under 2%.

At the time of writing, CoinPoker has a market cap of $15 million and is trading around the $0.55 mark.

CoinPoker’s Performance in 2024

CoinPoker’s performance on the price charts in 2024 has been filled with crests and troughs. While it opened this year at $0.08, the price drop started quickly, and by May 2024, the CHP had bottomed around the $0.055 level. 

Another surge in the CHP price then began thanks to new tournaments and hope in the cryptocurrency market. However, the token started to trend down from the beginning of July 2024. 

As a result, CoinPoker (CHP) is again trading around its yearly low, however it is still in a multi-year uptrend since its ICO in early 2018 – performing well during the 2022 bear market, as Rollbit Coin did – so this dip may present a buying opportunity as the site grows and once Bitcoin’s rally cools off, allowing altcoin dominance to rise again. 

During Bitcoin dips CHP token has tended to perform well:

In recent months its player base has also grown thanks to a renewed marketing push, increased tournament guarantees, freerolls and other promotions. 

Can the Token Make a Comeback?

Bitcoin is on the rise again. It has crossed the $64k threshold, priming the entire crypto ecosystem for growth. This could also benefit the $CHP price action. 

That being said, the CoinPoker token has been very insulated from the standard crypto market trends. 

For instance, the token’s price trended down in March 2024, at a time when Bitcoin was at its all-time high. While we cannot dismiss the possibility of CHP following Bitcoin’s trend, for now, the ecosystem’s facilities must be considered first. 

Thankfully, CoinPoker has made multiple positive developments that could push its value: 

Partnerships and Sponsorships – CoinPoker’s Recipe for Growth 

Since the beginning of this year, CoinPoker has entered partnerships with many renowned names in the poker or sports industry. 

Its partnership with the Irish Poker Festival is notable. In August 2024, the World Champion Boxer Carl Froch also joined CoinPoker as an ambassador. 

The same month, Austrian footballer and poker professional Mario Mosbock became CoinPoker’s ambassador. And in September, Ukrainian poker professional Olga Lermolcheva partnered with this poker platform. 

Charlie Carrel has also been an ambassador for several years, offering many promotions for players as shown in the video above.

In addition, the platform has become the regional sponsor for the Argentina National Football Team. 

As a result of these partnerships, more tourneys and better promotions are arriving on the CoinPoker platform, giving people access to a better poker-playing experience. A combinative impact of these factors could have a bullish effect on the CHP price. 

Constant engagement with the poker community on social media will also play its part in increasing CHP’s value. 

Can the CHP Price hit $1?

CoinPoker has a total supply of 274,720,612. Reaching the $1 valuation would allow CHP to flip the RLB token, which is currently the biggest GambleFi crypto in market capitalization (over $210 million).

CHP’s value could increase if CoinPoker implements new perks similar to RLB. However, to reach $1, it has to increase by more than 18x, which would require a major parabolic event to occur within its ecosystem.

Notably CoinPoker has expanded its betting platform to include a crypto casino and sportsbook, making it now more comparable to Rollbit, as it no longer simply offers poker.

Memebet Token: New Casino Coin with High Potential This Year

Another high-potential token to buy besides CoinPoker this year is Memebet Token. Also powering an online gambling platform, Memebet Token changes the paradigm of the online betting scene by making the casino meme coin-exclusive. 

This means that only meme coins can be used to wager on games on the platform. This approach will not only make the casino accessible to most players but also enhance the gameplay experience by doubling down on the volatility factor, blending the volatility of the crypto market with the uncertain nature of games. 

Multiple games have been planned for Memebet Casino, which will be available as a web and Telegram casino. These games will include poker, slots, and multiple crypto-specific titles. Global sports betting opportunities will also be available, making Memebet Casino a suitable platform for degens to engage with. 

Many YouTubers have already started to rally behind Memebet Token. ClayBro, one of the biggest crypto analysts on YouTube, has said that Memebet Token is the “best way to accumulate for the upcoming bull market.”

At the time of writing, Memebet Token has raised more than $280,000 via its presale. Those interested can visit memebettoken.com to participate. 

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