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/
As they offer their tokens in exchanges, the price will be affected on the situation, right now the market is bearish so the value of tokens will drop and it will loss the interest of the gamblers to play since they are afraid that the value will continue to drop. 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/
Majority of the gamblers are not traders, so they will prefer a coin that is more stable like BTC, and that's the reason why majority always have BTC as a means for gambling so gamblers can choose among the coins available.
BTC was also down but if you check the price history of Funfair and Edgeless you can already determine the reason.
