There are few gambling tokens wherein market prices gone up. Most of the time, the market value of gambling token is either stable or falling. Stable because its supply si continuously circulating because it id a token being used in a gambling platform, demand won't be that high because on the usual, the token supply is huge. To fall on the other hand has a tendency especially if the gambling platform itself did not manage to attract the attention of many gamblers. Much better if you would directly invest to the project itself thru 'shares' if you are really looking for profit from investing in gambling related projects such as with what I have tried doing (earned some profit but BTC affected the profit. But I won't point finger to other factors, I also made some errors, but the idea is there already). Here's the thread (not as updated as before, quite busy these days but I'll follow it up maybe next week or month):
https://bitcointalk.org/index.php?topic=5239794.msg54203954#msg54203954Feel free to thow your opinions as well.
Those who gone up must be from the popular casinos. It's hard to ignore the tokens because they can have certain benefits and investing on them is another way of showing your support to the casino that you love. Not just gambling tokens but the movements of a common crypto are also like that. They are not stable in short.
This is normal and this is not bad but it was an advantage because it enable us to buy low and sell high. Some of the gambling tokens have a huge supply but a casino can add a burning mechanism to greatly lessen the tokens supply. If you don't want your profit to be affected by btc then you better convert them into stable coins. For some casinos, they are giving returns in stable coins, which are great.
We are the ones who could really eventually see whether it would be beneficial for us or not or simply seeing the potential or not.When it comes to investment decisions then it would really be varying on someones
decision and movement or potential movement of a gambling based token couldnt really be known but as long there are people who do actively trade or buy it then its value could always be having the potential
or chance whether it would be going up or down.We know that investment does always correlate or involved risk and thats the importance on which you do make yourself
that prepared.
Risk and potential benifits, you as investor is the only person who can decide to what might be the potential outcome of chosen investment, whatever kind of investment even it's a casino base asset or just another regular crypto, the decision always depends from how you manage to engage with the development of such asset.
Keeping the coin while earning with the staking rewards is one of those feature that investors hold for this kind of projects,
chance to grow the numbers of coins while waiting for the pump.
Though the situation right now is not in the favor of investor but chances still remain the same, if the bull come strong the
value will pump eventually,.