The Ethereum (ETH) price has risen dramatically over the past month. As a consequence of this, Ethereum's network, a foundational block in the blockchain space, is currently facing a critical test of scalability, manifesting in the form of slow transactions and high gas fees.
In other news, InsanityBets (IBET) has launched their pressale. The project is offering investors the opportunity to become the house – rewards are on offer thanks to their innovative sIBET, bIBET and ILP derivatives. The launch price is just $0.001, with the team stating a launch target price of $0.018 in their whitepaper.
Ethereum's Challenge: The Quest for Scale
The Ethereum price has been on a rise recently, with gains of over 60% in the last month. WIll the Ethereum price keep rising? We think Ethereum's growing scalability concerns have translated into a less-than-ideal user experience, characterized by long wait times and costly transaction fees.
This scalability bottleneck has started to impact Ethereum's robust market presence, signaling a need for innovative solutions.
InsanityBets (IBET): A New Gaming Frontier
As Ethereum (ETH) seeks to remedy its throughput troubles, InsanityBets (IBET) is carving out a space in the lucrative crypto casino industry as it seeks to take market share from competitors such as stake.com and Rollbit.
IBET introduces a gaming ecosystem that rewards investors with up to 50% of the platform's fees whilst their innovative liquidity pool offering promises investors the opportunity to benefit from the redistribution of 85% of the platform's gambling winnings! The platform's game roster is close to being fully developed and games including options like Coin Flip and Plinko will be released in beta-testing format to presale participators. This looks like a fantastic opportunity to own part of a project that is disrupting a $230bn industry.
InsanityBets is Capitalizing on the Gambling Industry
The multi-billion dollar global betting market is on the cusp of evolution, and InsanityBets is strategically positioned to capitalize on this opportunity and is looking to heavily reward investors who back the project through redistribution of up to 50% of fees and 90% of gambling winnings.
The platform empowers users to "become the house," providing a way to engage directly with the betting economy by depositing funds and serving as a counterparty to bets.
InsanityBets Launches Presale
The presale of IBET has just launched, with the token currently priced at $0.001. The team have stated in their whitepaper that they have based future calculations on an expected launch price of $0.018, meaning the current presale price is great value.
The platform looks sustainable and offers stakers and burners the option of earning significant passive income through fees generated by the platform. It's a comprehensive project and should attract significant attention from investors.
In a landscape where Ethereum's (ETH) challenges have become a prominent stumbling block, InsanityBets (IBET) positions itself as a herald of efficiency and pioneering spirit. It provides an excellent value proposition and looks to be a great opportunity to purchase an early-stage altcoin.
Website: https://insanitybets.com
Presale: https://buy.insanitybets.com
Telegram: https://t.me/insanitybets
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.