GambleFi Is Next Undervalued Crypto Narrative? Expert Predicts It Can 50x Alongside Meme Coins

The GambleFi sector has been tipped to explode along with meme coins when the global crypto market turns bullish enough.

In a Twitter post, a famous market expert and trader Mags says most gambling-focused cryptocurrencies are still undervalued despite boasting a cumulative market cap exceeding $300 million at press time.

GambleFi tokens are severely undervalued.Top most GambleFi token – $RLB is sitting at only $172M marketcap. – $500k (aprx) in 24h Casino Revenue- $19M in past 30 days- 51.73% of supply burnt – Chart forming bullish sturcturesee you in Billions.. https://t.co/cSyyA33h1l pic.twitter.com/xOhB8GWRon

— Mags (@thescalpingpro) October 14, 2024

Mags believes the sector will witness 50x growth alongside meme coins, with the likes of RLB, RETARDIO, TGC, and MEMEBET among the top projects to watch.

What Is Fueling The Buzz Around The GambleFi Niche

GambleFi is a fast-growing market segment that blends the elements of online gambling with crypto trends to gain the attention of the investing community. Tokens, in this category, are specifically designed to facilitate wagering transactions, unlock access to unique features, and enhance transparent gameplay in the online gambling sector.

They offer more than just the thrill of gambling – investors can either capitalize on their market strengths to amplify their returns, wager them on high-rewarding betting opportunities, or both. Given its multiple unique value propositions, it is no surprise that they have gained traction, drawing the interest of gamblers and investors alike.

However, despite the tremendous growth witnessed in the GambleFi space, it still trails the meme coin niche. As a matter of fact, the meme coin sector’s valuation is 120x bigger than GambleFi’s overall market cap, prompting crypto analysts like Pirate Benny to insist the latter is massively undervalued.