Quote from: Wapfika on Today at 10:03:27 AM

Quote from: Strongkored on Today at 03:32:38 AM

Quote from: dwyane36 on August 04, 2022, 09:03:37 PM

Quote from: Unsoldier on August 04, 2022, 10:36:00 AM

I hope the price of BFG will go up after the community vote. But I think these measures will not lead to big changes. There is already too much circulated supply of token on the crypto market.

If we check the chart for the last few days, we will see that the BFG token has already grown by about 8-10%, and the daily trading volumes have even grown up to $420k. Obviously, the current BFG price is because of the community vote, but it doesn't look impressive at all. I note that the Betfury team mentioned in the article that increasing the BFG mining price should have a positive impact on BFG price, but it seems to me that many users expect something more rather than a 10% increase.

But today trading volume decreased by more than 30% it's unfortunately that good news regarding a token will only have a temporary impact and everything will return to normal, with trading volume still low BFG will have a hard time rising unless there is a group that wants to pump it but what is certain is that this only benefits the group

The current hype is just temporary because the concern is about the token supply only and not related to profitability of the casino. Betfury needs to increase there casino profit in able for there tokens get a proper exposure from investors that will increase the price in the long run. News about minor changes will just create short term hype due to price discussion of members but it will go back to normal once no one is buying at the pump price.

This is the limitation of casino utility token, It’s highly dependent on casino performance. If Betfury casino is not growing further,The token will stay low and just move sideways like what happening right now.

Investors always seek for the platforms performance before pouring some money on their tokens created this is why Betfury needs to perform well and offer more unique utilities to their tokens which didn't been offered yet by their competitors. Also they need to conduct more promotion with extended efforts on other marketing stuff since for sure they will get the best result out of it.