As Ripple (XRP) Price Drops on Profit Taking, Investors Eye InsanityBets (IBET) Presale for Portfolio Diversification
The Ripple (XRP) price suffered a setback as investors looked to take profits. The Ripple price has risen in the face of thelegal challenges faced by Ripple and its executives at the hands of the U.S. Securities and Exchange Commission (SEC).
Among the emerging alternatives, InsanityBets (IBET) has just launched its presale at $0.001, with investors noting the team’s statement in their whitepaper that they expect to launch at $0.018. Investors are backing the project and seeking to become the house, thanks to the innovative options available on the InsanityBets platform.
Ripple Labs and its leadership are embroiled in SEC litigation concerning alleged securities violations, marking a series of legal setbacks for the company. The XRP price has risen steadily and investors are questioning whether they should still by XRP whilst the price remains under $1. The SEC case represents a risk and, as such, investors are taking profits off the table and diversifying.
InsanityBets stands out in the blockchain arena by revolutionizing the gaming and gambling with cross-chain functionality and offering investors the opportunity to be the house. Their innovative ILP token distributes 90% of house earnings to holders, whilst holders of sIBET and bIBET earn 35% and 50% of platforms fees respectively. The platform is in the process of developing various games, including Coin Flip, Rapid Chess, and Dice, which feature player-versus-player interaction and employ fair randomness technologies for guaranteed transparency.
The strategic positioning of IBET within the lucrative $230 billion crypto betting sector, coupled with its innovative tokenomics and derivatives options, makes this look an attractive option for 2024.
The IBET token has
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