Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies.
The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.
Of course, FunFair at one point had a $900m+ marketcap (now just $21m).
Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?
Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/
The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.
Of course, FunFair at one point had a $900m+ marketcap (now just $21m).
Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?
Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/
I don't really understand the point behind rolling out a new crypto token for using in gambling sites! The crypto market is bursting with loads of crypto tokens right at the moment and majority of them has no value. So rolling out a new token just to use in a gambling site, makes really no sense as the utility of such tokens will be very limited. Instead gambling companies should just continue using top cryptos like bitcoin, Eth or any other well circulated cryptos. That makes more sense instead of rolling out a whole new coin or token. I don't see any good future for limited tokens for gambling only.
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