Neither DEX nor CEX helps to increase or decrease the price of a token or guarantee that the price of the token will increase. for a token to increase in price, there needs to be a lot of demand for that token in the market. and if the team of that token is very strong and the team itself buys back tokens and works to increase the price, then the position of that token can be seen in a good position in the market. otherwise not possible. and gambling sites are so busy with their gambling platforms that they can pay little attention to their tokens
DEX and CEX helps the token to get a demand for new investors since newly listed token will be on the spotlight of the exchange to be notice easily by its user. This is the reason why the price fluctuates during the initial list on exchange especially on Tier 1 exchange because there’s a lot of liquidity coming from traders on that exchange.
The benefitts of the token itself is the most crucial part on the success of the token. Investors want something to gain while most of the casino utility token failed on this part because casino use the token to reward players so it always being dump in the market using investors liquidity.