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/I think that coin can bounce to the high price, but unfortunately, we never know when the time will come. I think it's because we are seeing bitcoin price getting down too deep that makes altcoin become undervalued. There will be many new coins for gambling like the existing coins, but they need to compete with the other coins for gambling. They need to give more benefits to the people so people can know which are those coin that will be profitable not just in gambling but also for making a profit in trading.