Re: Are gambling altcoins undervalued?

Quote from: romero121 on February 06, 2019, 02:07:02 PM

Quote from: meliquiades on February 05, 2019, 04:42:15 PM

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/

This will truly help with the increasing circulation of the tokens. This will generate volume to the altcoin token. But, to the same as its peak it won't bounce back just because of the token getting added to the gambling website. Majority of the users prefer bitcoin over many other tokens and altcoins.

Circulation of the token is key here. The economy of these gambling alts is very simple: generate demand for the token by offering a gambling product people want to play, reduce supply of the token because people lose said tokens to the house. In theory, price increases.

The problem is the experience offered by most hasn't been good enough so far to generate significant demand. If that changes, the model should hold up.