Decentral Games (DG) Token Crashes 60% in a Week – Is It Time to Cut Losses and Look for Alternatives?

Decentral Games, a crypto casino ecosystem that presents users with an online gaming platform set inside a metaverse, has lost nearly 60% of its value in the last seven days.

Decentral Games (DG) has lost nearly 60% of its value in the last seven days, and its price action has been anything but stellar since it hit an all-time high of $0.55. However, some creative things are happening within Decentral Games’ ecosystem, and a semi-optimistic price prediction can be made.

The metaverse casino’s performance has been nothing to write home about this year. It consistently trades around the $0.008 mark and may continue to trend around this level for a long time.

Hardly any distinguishing patterns have emerged from this token, and its trend line has been straight since last month. Considering that the developments within its ecosystem have been conventional, and there isn’t a sign of new players joining up, DG will likely trade around the same zone till the end of 2024.

However, the current price action is also necessary because the Decentral Games tokens are in the process of unifying under another community known as BAG. The project’s official Twitter and Telegram channels belong to BAG, which means we have to wait for a complete migration to discern DG’s performance over a longer timeframe.

Furthermore, CoinMarketCap shows that the community sentiment around this project is bullish despite the market conditions. However, fewer than 100 people have placed their votes, indicating that only niche investors may be invested in what Decentral Games may become.

Decentral Games portrays itself as a metaverse of casino games within the Decentraland ecosystem. Inside the metaverse, the games consist of standard old-school titles like cash poker, blackjack, and Roulette.

The ecosystem also features a poker arcade, which is a metaverse-based poker arcade accessible on any device.

There is also an ICE Metaverse Poker ecosystem comprised of daily challenges.

The project has partnered with Decentraland, Polygon, Atari, The Milk Road, Biconomy, and others to offer its games.

These games are powered by the DG token, a utility and governance crypto that gives users access to everything from voting rights to cashback rewards.

Even though Decentral Games lies inside the world’s biggest metaverse ecosystem – Decentraland, its performance doesn’t give us a bullish view about its future. Of course, that could be chalked up to the emergence of the BAG ecosystem and the overall bearish market action. However, since the token has traded at a low value since its inception, other investments should also be considered.

That’s not to say the token doesn’t have potential. However, gaming crypto seekers should still diversify their investments and dive into more accessible assets.

One asset that has arrived with these traits is the Memebet Token. Powering the world’s first meme coin-only casino on Telegram, Memebet Token has been described as a token designed for degen investors.

The project is already the regional sponsor of the Argentina National Sports Team, and it is now moving towards a volatile gaming niche that could change how people perceive meme coins.

The casino that the token powers, Memebet Casino, accepts top meme coins for wagering. Players can place bets on many games, including old-school games and modern crypto-specific titles.

Global sports betting opportunities also exist. However, since the token is available on presale, two of its biggest draws are low prices and airdrops.

The presale will have 30 stages, and the token’s price will increase marginally with each. Two airdrops are being planned. One will happen before the conclusion of the presale after the casino is developed.

Airdrop is gamified, requiring players to bet their Memebet tokens. While there aren’t any standard staking perks, holders of $MEMEBET will gain access to large rewards like high-roller benefits and NFTs.

The popular crypto channel Cryptonews has already raised awareness about the project after Memebet Token raised more than $200k within three days of its presale.

Memebet Casino is shaping up to be an inclusive crypto casino and adds the volatility of the market with the randomized outcomes of the games. This trait could potentially make Memebet Token a hit among short and long-term crypto investors.

*Cryptonomist did not write the article or test the platform.