And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!
We need to understand that tokens are somethings that has more higher volatility even than the coins itself, well atimes those behind the NFT pump the price just to deceives and eventually you discover a sporadic decline in its value, this is risky enough but weather rising or falling ones you have your assets in tokens then bear in mind the more danger it poses and same way it has a good opportunity to provide as well, but the effect of pump and dump could be disastrous.
The less volume a token has, the more volatile it is and the easier it is to manipulate, which is why these tokens are pushed by a few buy orders and sell orders, resulting in dumps. Casino tokens do not normally have a use case like typical projects and hype like other tokens out there, so a single person or group can do whatever they want. They can even buy their token at a lower price and decide to pump the price, and once they get the attention of traders who like to pump and dump, they sell on them and withdraw their capital and profit.
My advice is to buy Casino tokens only if you need to use them for some benefits within the platform and not as an investment like other cryptos.
On point and people should know about the basics about low-high volume where price would be entirely different if we do talk about behavior in terms of pump and dump.
I agree into the word that i dont see much relevance in terms of utility of these type of tokens which could really be only used on the platform itself thats why they arent really
getting that much attention or something not really surprising but its up to someone and as a show of support on a casino then its depending whether someone will
really make out investment and trust up.