Is Internet Computer Doomed to Zero? ICP Price Decreases by 2.3%, Investors Flock to New GambleFi Token
Concerns are rising among investors that the once-promising cryptocurrency, Internet Computer (ICP), may be on the verge of crashing to zero. Despite its rally since late 2024, there is a growing risk that the momentum will fizzle out. As a result, investors are now turning their attention to a new and promising GambleFi token called Mega Dice (DICE).
Currently, ICP is trading at $13.64 and is struggling to regain its position above the 21-day moving average (21DMA). The cryptocurrency has been experiencing an upward trend since late 2023. However, if this trend breaks, a rapid decline to $10 is expected.
Recognizing the potential downward spiral of ICP towards $10, investors are eagerly exploring the opportunities offered by the exciting new GambleFi token. Internet Computer, a decentralized blockchain network, has been striving to achieve its vision of a functional global computing network since its launch in May 2021. However, it has failed to gain significant adoption.
According to DeFiLlama, the blockchain has only managed to lock in around $95 million in cryptocurrency through smart contracts, a comparatively small amount compared to Ethereum’s $134 billion. This lack of real-world traction has led some investors to fear that ICP will never gain momentum and will eventually plummet in value.
ICP is a highly speculative coin that has experienced sudden rallies as risk appetite increases. However, it is unlikely to reach its 2021 peak near $350 again. With the risk of ICP falling below $10, it comes as no surprise that investors are diverting their attention to a new GambleFi token called Mega Dice (DICE).
For crypto investors seeking higher potential returns than those offered by ICP, exploring presale investing is recommended. Many Web3 projects and protocols offer their native tokens at a discounted rate to early investors to raise funds for development. If these presale investments align with successful projects in the market, exponential gains can be realized.
One such project that has caught the attention of analysts at Cryptonews is Mega Dice Casino. As an already established crypto casino, it has launched a presale of its utility token, DICE. Holders of DICE tokens can enjoy significant cashback benefits on their wagers and generate passive income through DICE staking. Additionally, the crypto casino is currently running a $750,000 airdrop to reward early presale investors. With $700,000 already raised, potential investors are advised to act swiftly before the DICE price increases upon reaching the $1 million milestone.
Investors can find more information and participate in Mega Dice Casino’s presale to explore this alternative to ICP. As a reminder, crypto is a high-risk asset class, and this article is purely for informational purposes and does not constitute investment advice. It is important to be aware that there is a possibility of losing all invested capital.