“The crypto market has largely saturated. You should have started in 2010 to make a fortune from cryptocurrencies. It’s too late now.”
This is one of the top misconceptions about the crypto market. True, from $0.04865 in 2010 to $63,605 in 2024, BTC has surged 130733478.72% in fourteen years.
Strategic and well-thought-out long-term investments pay off.
But new investors have also been reaping large amounts of money from the market. The key lies in investing in young projects in the hottest crypto sectors every year. Investors who take advantage of the rising interest in fertile niches stand to gain a lot.
Bitcoin all-time price action, CoinMarketCap
The Hottest Crypto Niche of 2024
If there is one crypto industry that can balance utility and speculation in a healthy ratio in 2024 and beyond, it is GambleFi.
Whether you are into gambling or not, the fact remains that the industry is set to grow by leaps and bounds in the coming years. It is a goldmine from an investment perspective.
Niches like meme coins can make you more returns in a shorter time frame, of course.
But if you’re looking for a reliable yet lucrative investment, GambleFi tokens make better sense. They are a step above AI coins. While AI coins are hot, they demand greater investment in technical and human resources. Due to the rapidly evolving nature of the AI industry, it is hard for projects to stay relevant for the long term.
Online gambling is set to explode due to its accessibility and affordability. However, within the online gambling sector, GambleFi is set for huge growth.
Thanks to GambleFi’s focus on transparency and decentralization. It solves the credibility and accountability issue that has long plagued the gambling sector.
One of the hottest cryptocurrencies of 2024 was Rollbit. Even during deep bear markets, RLB coins continued to reward generous returns to investors. Early investors made returns of up to 5000% in 2023.
Projects like Insanity Bets ($IBET), in addition, are a great source of passive income.
Don’t Underestimate the Power of Crypto Passive Income
Crypto passive income is not limited to the value appreciation of your initial investment. It also comes from staking rewards. GambleFi tokens are proving to be a great source of passive income in 2024.
For example, Insanity Bets offers diverse sources of passive income that the investor can choose from. The native token of the platform is $IBET. But there are multiple $IBET derivatives that you can put to use, as shown below.
- $sIBET (staked iBet) receives 35% of all platform fees and can be converted into $IBET tokens anytime you choose.
- $bIBET (burnt iBet) is generated by permanently removing $IBET tokens from circulation. $bIBET holders receive 50% of the platform fees. It marks a notable increase over the 35% offered by $sIBET.
- $esIBET (escrowed iBet) automatically rewards $sIBET holders, enabling them to compound their staking rewards.
Investors can also stake $USDT, $ETH, $WBTC, and $IBET to mint $ILP tokens on Insanity Bets. Since they fuel the house fund and enable larger bets, investors who mint $ILP tokens get 90% of the house’s profits (and losses) from games, according to the white paper.
Insanity Bets staking tiers
In essence, you become the house by investing in $ILP tokens.
Since the system is designed to help the gambling houses stay profitable in the long run, it is an attractive investment prospect.
Top GambleFi Projects to Consider
There are many emerging and established projects in the GambleFi niche.
It is important to understand that established projects make more sense if you are looking for low but reliable returns in the long run. Projects like Rollbit and Stake.com are good examples in this case.
But if you are eyeing greater returns in a shorter time, you need to look for emerging projects. High-cap cryptos like Rollbit have saturated.
Emerging cryptos have a lower initial market cap, which leaves more room for returns.
To give a better perspective, we can’t expect BTC to surge 5000% this year. The same goes for Rollbit.
Rollbit Coin all-time price action, CoinMarketCap
But a new project like Insanity Bets can realistically do that. So within emerging GambleFi, make sure you’re investing in promising projects that have action-oriented roadmaps.
Insanity Bets, Scorpion Casino, and Mega Dice are some of the new projects in the GambleFi niche. But Insanity Bets shows greater potential compared to competitors in terms of utility and passive income.
Here are some of the key factors that give the project a strong competitive edge:
- An extensive gaming library featuring Coin Flip, Dice, Rock Paper Scissors, Roulette, Keno, Hi Lo, Crash, Blackjack (towards the end), Poker (towards the end), and Slots 5×5.
- House edge from 1% to 5%.
- 90% of the winnings and 85% of the fee revenue go back to the community.
- Multiple sources of passive income –$ILP, $IBET, and $IBET derivatives– for investors with different risk-reward appetites.
- Solidproof and Cyberscope security audits.
- 80-week vesting schedule for team allocation.
- And being in the presale stage, $IBET tokens are now selling for fixed discounted prices.
In addition to these, Insanity Bets is hosting a $1M Insanity Jackpot for presale participants. It is one of the biggest crypto giveaways of 2024. Visit the official Insanity Bets website to learn more.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
