Investors who were previously optimistic about Bitcoin reaching $80K or $100K are now less hopeful as the broader market has slowed down. However, emerging tokens such as Insanity Bets ($IBET) are defying this trend by remaining immune to the downtrend. Veteran trader Peter Brandt has suggested that Bitcoin may have already peaked at $70K in this bull cycle due to exponential decay, which limits the peak price of each successive cycle to around 20% of the previous cycle. While this theory has its limitations, it has prompted investors to diversify into other emerging assets like Insanity Bets, which are still in their early stages and offer high upside potential.
Insanity Bets is becoming a popular source of passive income for investors in 2024 by offering staking rewards through its native token, $IBET. Investors can also earn rewards through $IBET derivatives such as $sIBET, $bIBET, and $esIBET. Additionally, investors can stake other cryptocurrencies like $USDT, $ETH, and $WBTC to mint $ILP tokens on the platform, which provides them with a share of the house’s profits and losses. The platform ensures long-term profitability and mitigates risks for investors. As the GambleFi sector continues to thrive, emerging projects like Insanity Bets are gaining attention for their unique offerings and potential for growth.
While established gambling platforms like Rollbit and Stake.com have been dominant in the market, newer projects like Insanity Bets offer investors the opportunity for higher returns in a shorter timeframe. These emerging projects have lower initial market caps, allowing for more room for growth and returns compared to high-cap cryptocurrencies like Bitcoin. The growth potential of newer projects like Insanity Bets is significant, making them attractive investment opportunities for those seeking exponential returns in a short period. Insanity Bets stands out in the GambleFi sector for its extensive gaming library, community-centric approach, and multiple sources of passive income.
Insanity Bets has various features that set it apart from other projects in the GambleFi sector. The platform offers a wide range of games with house edge percentages ranging from 1% to 5%, ensuring long-term profitability. Insanity Bets follows a community-centric model by returning 90% of winnings and 85% of fee revenue to the community. Investors can access multiple sources of passive income, such as $ILP, $IBET, and $IBET derivatives, with security audits from Solidproof and Cyberscope underscoring the project’s credibility. Currently in the presale stage, $IBET tokens are available at discounted prices with an 80-week vesting schedule for team allocations, encouraging long-term commitment from investors.
Overall, the prevailing sentiment in the crypto market is shifting towards emerging assets like Insanity Bets, which offer high upside potential and multiple sources of passive income. While Bitcoin may have already peaked in its current cycle, newer projects in the GambleFi sector are attracting attention for their innovative offerings and potential for growth. Investors are diversifying their portfolios towards these emerging assets in search of exponential returns in a relatively short period. As projects like Insanity Bets continue to gain traction, they present unique opportunities for investors looking to capitalize on the evolving landscape of the cryptocurrency market.
