CryptoMediaClub
Wednesday, October 29, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Is Arweave Going to Zero? AR Price Drops 18.7%, While Traders Are Accumulating This New GambleFi Token

01.05.2024
A A
0
137
VIEWS
ShareShare

The token for storage coin project Arweave (AR) has shed 18.7% overnight, taking some of the heaviest losses amidst a market-wide crash that has dragged market leader Bitcoin‘s (BTC) price down by 7%.

Arweave currently trades at a price of $27.76, according to CoinGecko. Given the fact it is currently posting 7-day losses of 18.1%, it’s clear the crash only began in the last 24 hours.

According to the token’s trading chart, a major sell-off occurred overnight. AR’s Relative Strength Index (RSI) is currently at 27 with the potential to fall further. RSI is a metric analyzing whether a token is priced well or not based on current buying and selling momentum.

Source: TradingView

An RSI below 30 is oversold, so it looks like tempestuous waters for the rest of the day. For some, this may be a perfect dip-buying opportunity, but as with any investment, investors should research prudently.

Arweave’s AR is currently trading about $4 south of its 30-day moving average, represented by the blue line. This further underscores the token’s extreme volatility right now.

Although AR is not a blockchain-based token, the Arweave protocol taps a distributed ledger system (DLS) to store data across multiple nodes.

The primary function of Arweave is to be a decentralized data storage solution, matching users who need data storage with those who have a surplus of it to give away.

It’s competitor, Filecoin (FIL), posted lighter overnight losses of around 6% and currently changes hand at $5.33.

Cryptocurrencies everywhere are tumbling. Bitcoin’s heavy intraday losses put it now at around $57,500, far south of the $60k psychological support level and some 22% down from an all-time high of $73,737.94, posted on March 14 this year.

Investors Stack Mega Dice While Funds Exit Arweave.

Projects like Arweave and Filecoin both underscore the premise that crypto has a lot more to offer the world beyond payments and a store of value.

Today’s market crash may have briefly dimmed their shine, but the world hasn’t seen the last of utility tokens. As developers get more comfortable with the technology, crypto will likely be utilized in ways we can’t imagine yet.

GambleFi is one sector that’s getting more of a look-in nowadays. That’s because it’s a crypto-native Web3 version of online gambling.

According to data compiled by Statista, revenue in the sector market is projected to climb to $100.90 billion this year.

That means investors wanting a head start on Web3’s newest innovations early are more likely to find heady upside potential in tokens attached to crypto-integrated iGaming platforms, like Mega Dice.

The #1 GameFi token has arrived on #SOL 🚀

Join the $DICE presale and be part of the next gem gaming token – $600K already raised! 🚀

Presale link: https://t.co/E5WFsXQhfQ 🏆

Why should you consider joining the $DICE presale? 👇 pic.twitter.com/nTtNHgrqDC

— Mega Dice Casino (@megadice) April 30, 2024

The Mega Dice ($DICE) presale is barely a fortnight old, and it has already bagged over $600,000 in investments, according to the token’s website.

As the platform’s native token, players can use $DICE to fund games and receive payment. Some games will require the token to play.

Using $DICE on Mega Dice will have further benefits down the line. The casino plans to integrate the token into its loyalty program, offering more generous rewards to gamers who opt to play with it. The token will also unlock access to exclusive competitions and VIP experiences.

The team has also indicated there will be a buyback and burn program. This means Mega Dice will periodically buy some of the tokens and remove them from circulation to help keep them scarce and drive value.

Keep up to date with Mega Dice news over on X/Twitter and Telegram.

Join the presale now on the Mega Dice website.

The post Is Arweave Going to Zero? AR Price Drops 18.7%, While Traders Are Accumulating This New GambleFi Token appeared first on Cryptonews.

Share10Tweet7ShareSharePin2

Related Posts

France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro
All news

France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro

29.10.2025
0

France has taken a bold step that could reshape Europe’s monetary direction. Lawmakers in the National Assembly have adopted a...

Read moreDetails
Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

28.10.2025
UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

28.10.2025
SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

28.10.2025
Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

28.10.2025
Load More
Next Post
BAXUS Raises $5 Million in Funding to Expand Web3 Spirits Marketplace

BAXUS Raises $5 Million in Funding to Expand Web3 Spirits Marketplace

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Boerse Stuttgart Turns into First German Crypto Supplier to Obtain MiCA License

Boerse Stuttgart Turns into First German Crypto Supplier to Obtain MiCA License

9 months ago

Swift Announces Successful Tokenization Experiment Using Chainlink’s CCIP

2 years ago
Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

4 months ago
Binance Faces Mandatory Audit in Australia Over ‘Serious’ AML and Terror Financing Concerns

Binance Faces Mandatory Audit in Australia Over ‘Serious’ AML and Terror Financing Concerns

2 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

Does a weaker dollar drive Bitcoin price now?

Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

Why is Bitcoin price pumping? Catch up on what’s moving crypto

Trending

France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro
All news

France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro

29.10.2025
0

France has taken a bold step that could reshape Europe’s monetary direction. Lawmakers in the National Assembly...

Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

28.10.2025
Watch these 4 tripwires to signal XRP price direction this week

Watch these 4 tripwires to signal XRP price direction this week

28.10.2025
UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

28.10.2025
Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

28.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz