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/It happens that mostly accepted coins for gambling are those who are in the top BTC, ETH and some others. But those coins that don't have market value will certainly decline. Those on the top have already establish good market connections thus, they could be trusted by merchants and gambling companies. Of course they look for assurance and to make sure that they could be not fall into nothing.