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Cryptocurrency News Articles

Bazed Games (BAZED): A GambleFi Platform Combining the Thrill of Gaming with the Transparency of Blockchain

Sep 25, 2024 at 07:20 pm

As Bitcoin reclaims the $63k range after a recent dump, other crypto projects have also been enjoying some bullish momentum. The GambleFi category

Bazed Games (BAZED): A GambleFi Platform Combining the Thrill of Gaming with the Transparency of Blockchain

This article was paid for*

As Bitcoin approaches the $63k range following a recent dump, other crypto projects have also been experiencing varying degrees of bullish momentum. Among them, GambleFi has attracted attention with projects like Bazed Games seeing a sudden surge in demand and value.

But will this recent popularity continue in the coming months and reflect in its price trajectory? This BAZED price prediction attempts to answer this.

What Caused The Recent Pump

Bazed Games has seen a remarkable surge in price over the last week, climbing over 100% within a short period. This upward movement saw the price jump from around $0.03 to a peak of $0.06 before settling slightly at $0.054, with a market cap currently exceeding $4 million.

This sudden pump is likely attributed to the increasing number of players joining the platform, which signals growing user engagement and platform adoption. The broader market conditions have also been slightly favorable in recent days, with the GambleFi sector witnessing a surge in demand. As one of the projects operating in this space, Bazed Games appears to have benefited from this increased interest, drawing attention from both investors and gamers alike.

However, despite the sharp increase, the price has corrected slightly, reflecting a healthy market reaction to short-term profit-taking. The underlying factors that likely triggered the pump—expansion of the player base and positive market conditions—remain intact, suggesting the potential for further growth in the near future.

What is Bazed Games?

Bazed Games is a decentralized GambleFi platform designed to bring blockchain-based gaming experiences to users. It can be considered just another crypto casino with a native token of its own, aiming to be the best in the space. 

Players can engage in various games and betting activities while earning rewards using the native BAZED token. Integrated within the blockchain ecosystem, Bazed Games leverages DeFi principles to offer transparent, secure, and fair gaming opportunities.

It positions itself as a great entity by offering features that appeal to both crypto investors and casino enthusiasts. With features like competitive odds, fair play algorithms, and player rewards, the platform aims to blend the excitement of online gaming with the transparency of blockchain technology. It offers both a casino and a sportsbook, packed with leading titles and betting options from top providers. 

Alright, let’s settle this once and for all – what’s this sport really called? Football or Soccer? ⚽🏈Whatever your take, we’ve got bets on both at https://t.co/BfvYWcBVR2! 💸#Football #Soccer #PremierLeague #NFL #SerieA #ChampionsLeague #PL pic.twitter.com/6FzkRM67qc

The project features a vibrant social media community as well, indicating an organic following that could translate to potential users and investors.

Bazed Games Price Prediction

Based on multiple elements, a price prediction for the BAZED token can be made, giving investors a general idea of its future direction:

2024

Bazed Games has seen significant price movement recently, but technical indicators suggest mixed signals for the rest of 2024. Indicators suggest resistance at current levels, while the RSI sits near neutral, indicating balanced buying and selling pressure. The recent surge in GambleFi interest could support moderate price increases, but the sharp corrections suggest volatility will remain a key factor.

By the end of 2024, if the player base continues to grow and market conditions stay favorable, incremental gains are possible. However, any slowdown in platform growth or broader market downturns could result in a reversal, keeping prices relatively stagnant. For investors, a cautious outlook is warranted, with potential for short-term fluctuations but limited explosive growth.

2025

Looking ahead to 2025, the project’s current chart shows early bullish signals, which could hint at a positive price trajectory for Bazed Games if broader market trends remain favorable. If the platform successfully scales its operations and continues to attract players, slow but steady price increases are likely. The key to growth will be maintaining user interest and further expanding the ecosystem.

Without significant improvements or developments, however, the project could face challenges, potentially leading to sideways trading or even slight declines. Any downturn in GambleFi’s overall popularity or an influx of competitors could also negatively impact growth, making 2025 a year where the token may attempt to cross the $0.2 range or fall back to its current price levels.

2026

By 2026, Bazed Games will need to have firmly established itself as a major player in the GambleFi sector to maintain any kind of upward momentum. The price could experience more sustainable growth if the project successfully builds partnerships, integrates new features, and innovates within the industry.

However, competition in the sector will likely be fierce, and projects that fail to continuously engage users could see significant price drops. If Bazed

News source:en.cryptonomist.ch

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