SBET Price Prediction 2024-2026: Will the Gamblefi Token Continue to Grow?

Worth over $350 million in total valuation, the Gamblefi space is surely shaping up to be an aggressive category in the crypto space.

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With a total valuation of over $350 million, the Gamblefi sector is quickly becoming one of the most competitive categories in the crypto space. Several projects are driving this growth, including SBET, which has been gaining popularity online and surging in value recently.

But is SBET a good investment to consider right now? This price prediction may help provide some clarity.

Why is SBET Gaining Traction?

While SBET is the name of the crypto and its ticker too, the project that it serves as a native token for is called Sportbet. As the name suggests, Sportbet is a gambling platform focused on providing sports betting services. It also features a casino of its own, packed with popular and trending game titles from leading providers in the space. 

With over a 125% bonus package up to $1000, 50% fast-release cashout up to $500, and more, the platform automatically becomes a very appealing option for betting enthusiasts. One can also enjoy a $50 risk-free bet, which is just another one of the various promotions the platform currently has. 

100% anonymous ⁰To get a fully #decentralised #betting experience, players can log in via their EOS wallets. 🔥 No KYC needed.🔥 We take bets in bitcoin, ethereal, tether, EOS, Litecoin, SBET🔗 Sportbet website https://t.co/va7qp9OMY8🔗 Telegram https://t.co/XwadcZ92gt pic.twitter.com/xLRMTfeSNT

Currently, Sportbet supports over 14 sports betting options, all curated to provide the best experience for users, from ease of navigation to high security. Built in 2018, it is a licensed entity that has been gaining popularity recently due to its steady growth in demand as well as token value.

The recent months have showcased major volatility for the crypto space, with projects like Bitcoin and other leading altcoins also seeing fluctuations at regular intervals. This cannot be said to be the case with SBET, which has been on a constant uptrend since the start of this year, with very minute price drops in between. 

Despite supporting just six cryptocurrencies, including its native token SBET, and being a lesser-known entity, the project has managed to garner attention across the globe. Naturally, all these factors combined have paved the way for the project and its native token SBET to go viral in the crypto space.

SBET Token Price History

SBET has experienced a slow yet steady growth pattern over the past few years. Launched in 2018, the token initially saw low trading volumes, reflecting a relatively quiet presence in the market. However, as the Sportbet platform began to gain traction with its robust sports betting and casino offerings, SBET gradually started attracting attention from the crypto community. 

The token has consistently trended upward since early 2024, as reflected in the chart, with minimal retracements and corrections. Volumes have also been increasing, indicating growing interest in the token, though it remains a relatively small project compared to major players in the gambling and crypto space.

One key element of the project is the lack of transparency regarding key data like its precise market cap, which leaves a certain level of skepticism about its long-term viability. Nevertheless, given the gradual rise and steady interest from investors, SBET has positioned itself as an interesting, albeit lesser-known, asset in the growing Gamblefi sector.

SBET Price Prediction

2024

As 2024 nears its end, SBET’s current upward trajectory may continue, largely fueled by increased attention to the gambling sector, especially with the expansion of online betting platforms. The rising RSI (currently around the 79 range) reflects the strength of this uptrend, though it also hints at a potential overbought condition. 

If demand continues and more promotions attract new users, this steady rise might persist. However, investors should remain cautious about the relatively low liquidity and possible corrections after this strong upward momentum. At the time of writing, the project has been in the $0.0045 range, so there may be a possibility for the token to cross the $0.005 level by the end of 2024 if the analysis plays out correctly.

2025

By 2025, SBET could continue growing slowly but steadily. The token may see additional gains if the Sportbet platform further expands its user base and diversifies its crypto offerings. While the MACD, based on the current chart, suggests a solid trend upward, the pace of growth is expected to remain modest unless the project announces major developments or improvements. 

The potential for adoption and partnerships within the Gamblefi space could act as significant growth factors. However, the value of the token will hinge largely on the project