Of course, such an increase in the value of bitcoin, as has been observed recently, will seriously affect gaming sites focused on cryptocurrency. First of all, an increase in transaction fees is becoming relevant. Already, in the bitcoin network, the average cost of a commission is more than $ 10, for simple Ethereum transactions more than $ 6, and for Ethereum smart contracts, it is generally more than $ 20.
With small traders, small gamblers, altcoins are best for them to have reduction in transaction fees. Ethereum is the biggest altcoin and it has many periods with expensive transaction fees. In 2017, it was CryptoKitties and ICOs. In 2019, it was IEOs and DeFi projects are main reasons for the rise of fees in 2020 and 2021. The rally of Ethereum is another factor contributes to the rise of fees.
These processes will seriously change the audience of players, because in countries with a low standard of living, $ 10 is already a very decent amount. Players from such countries will simply not be able to use the gaming services. And this is a serious problem for the development of the entire gaming industry in cryptocurrency.
Don't invest, don't trade, don't play games, don't gamble if you are not afford to your loss. It is not a matter of where you are from, is it?