How come freebitco.in(a faucet/gambling site) is worth $40,000,000 then?
Where did you read that freebitco.in was "worth $40,000,000"?
Even if that was true (and I'm not yet convinced that it is), freebitco.in is almost certainly not "hosted on a free web hosting site".
Well yea it's definitely not on a free web hosting site.