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/Concluding altcoins would bounce back is going to be a long shots that one would need to be more careful in giving an estimate. At some point the price of BCH was was $1000 but now its just fairly above $100 the same fate befell ETH and other major alt coin without any sign of recovery in sight. If the major alt coins could be hit this hard, I wonder the amount of hope left for the fairly known alt coins that are out there among which is the example you have stated.
New coins will continue to emerge every day while some will stand the test of time, other might face extinction really soon and there is nothing anyone can do about it. Its a fundamental law that must be applied to in the crypto industry.