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/There are already lots of existing crypto coins in the market as far as I know way back the date I have started getting engage into this crypto community that a lot of alternative coins or commonly known as altcoins has existed rather than just Bitcoin itself which d have its own purpose why it was created and how it must be used. Well, I am really not underestimating the value of altcoins because with regards to gambling, we all know that Bitcoin was not just the only crypto being used by online gambling sites because the availability and capability of other coins to be used is also present. That is why I find every altcoins important most of the time because like Bitcoin, they also have that capability to grow their prices to be beneficial for us. Which is the main reason I get into an
exchange to explore alternative coins buying and trading at the same time with just 50% trading fee so that from fiat I can have the altcoin I want or from crypto to crypto that I can be able to use to play gambling not just with Bitcoin itself because crypto world is really wide so exploration with the other coins is a good thing to witness what they can afford to give.
On topic,they arent undervalued yet these coins is being created specifically with gambling but these do still end up on failure.Why? People always prefer the best one which is Bitcoin.
No matter how fast or low fees it do have,people would still stick to traditional ways.