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I can see that few gambling websites have their own tokens, is it advisable to invest money in such tokens? Also how is the performance compared to other coins and BTC? Do these tokens follow BTC movement like other tokens? Football club tokens surges when an upcoming big match is around the corner what about gambling tokens. ??

This thread would be good to read which people are still discussing about: Investing in Casino tokens such as BFG, OWL or TFS (https://bitcointalk.org/index.php?topic=5406098.0)

We suppose not to be repeating what we have talked about before not long ago which still have a thread people are discussing about. I saw the thread just on the first page of gambling board.

Casino tokens doesn't follow BTC trend since its main feature is for reward. The token price is almost stable since gamblers that earn casino tokens through gambling sold there tokens to get back part of there losses. The only time this kind of tokens will pump is when it has a major listing or when the emission rate for token minting is already low so that the total circulating supply will not be flooded.

I forgot to mention that casino tokens usually have token burn so it pumps even the market is bearish once the casino commence buy back for there token burn. I would say that casino token behaviour is far different from Bitcoin but it's still same profitable in the long run.

Well you can choose to invest in casino token, most of them directly follows the bitcoin movements they are seen as an altcoin so no changes compared with other crypto token out there. Maybe you can read around the forum I suggest much discussion have taken place already.
But investment, bitcoin will be more preferable since all altcoin depends on the movement and can easily bounce back within short period of time.

I'm familiar with FUN token and compared to bitcoin, it has maintained its price more stable recently. Before the crash which has defined the end of the bull run, FUN price was 30 satoshis, but now FUN price is at 38 satoshis. So it was definitely a good investment against btc. Everyone who bought FUN back then, can sell now for 7 satoshis profit per token (1 satoshi cut for fee). It's about 26% profit made swaping FUN and bitcoin. Not bad at all...

And there are many other gambling tokens disponible on crypto market, although I can't say anything consistent about them, because I'm not an adopter.

Te problem about tokens is the centralization, usually the tokens creators hold a big piece of the cake, and if they decide to sell their holdings, then the token will crash and the creators will walk away with the investors money.

And another important point to focus is the token volatility is bigger than the Altcoins, so, in the moment that you purchase the token you are already gambling.

That's why i prefer the Altcoins gambling than the tokens gambling.

That will be a waste of money; it's unlikely to get a good return, while you are taking the maximum risk. If you investigate few ICOs with casino, you will find most of them as dead. With very limited use case, there's no altcoin can grow bigger. You must consider all before you get in the bus.

 Take casino tokens as a utility tokens, that is to say, their best used for payment on the platform and use to play some games if there come with bonuses. The advantage of using casino tokens over others is the fact that if you bet are. made in some of the casinos using their tokens you may earn special rewards in bonuses.

Aside from that most casino tokens are not too good for investments, most especially for long-term investments.

And this is why casino tokens are valuable to gamblers but not to all crypto users.
But if you talk about regular crypto users who are not into gambling, I guess, they won't prefer to buy this type of token.
So if you compare casino tokens let's say with btc, more than likely, a crypto user will choose btc no doubt.
And with other alts, like top alts, most likely, they will choose top alts. It means, casino tokens have specific uses for gamblers.
But when it comes to the large population of crypto users, they won't choose casino token for investments.
As for performance, you've seen that even popular casinos having their own tokens (freebitco, betfury), just to name a few,
they are also having challenging times marketing their token and so the price is not all the while increasing.

Ops can you mention any gambling tokens that has performed extremely well in the market?

I use to hear of some of the gambling tokens such as the owl token that was performing great with its stable price for some time until the token get listed on a new ter of exchange and since then the volume has gone down.
So I think no gambling token has performed well since the hype in casino tokens began alongside the IEO hype, their all died a natural death.

Casino tokens usually don't follow btc movements like most other tokens do. Their prices are affected by other factors.
Most of those tokens have a small marketcap and it's the team or owners who decide whether to move the price up or down.
When the prices go up too high, they increase the supply by minting as many new tokens as needed to reduce the prices. When the prices start falling, they limit the supply by burning some tokens or through buyback.
But all of this wouldn't be possible if there is no demand on the token in first place.

I have two gambling tokens and so far I'm good with both tokens these tokens have staking features and I'm staking both tokens at the same time playing on both I already made a profit from both tokens because I got a hold of them on a much lower price, both tokens are doing good in the market and both of their platforms are competitive in the gambling industry compared to new altcoins in the market it worth investing in these tokens but I would not say that its a better investment than Bitcoin or other fully established coins in the market, it's just worth adding to your portfolio.

In my personal opinion, investing in casino tokens is somehow on the borderline.  There had been some projects before but they seemed to fail.   It really depends on the Casino's performance since some casino do really have a good marketing strategy and some casinos that are performing so-so.   I think the speculation isn't different from those ordinary tokens but the advantage of gambling tokens is that they have utility on the gambling casino they are integrated with.  So better to do your own research and see it yourself if the gambling token is worth investing.


The performance of gambling tokens is dependent on the revenue of the casino though they are also affected by speculation, they do not follow BTC movement because they have already utility and that utility dictates the performance of the gambling tokens.

^I don't think it is advisable if you are a pure gambler, not an investor.
I have held casino tokens but I choose a casino that has a good reputation and I know it is unlikely to scam its users. The token casino is very risky, it is not advisable to hold it for a long time. I am still in favor of BTC and a few established altcoins to hold while gambling, it makes me comfortable that I know I am in a safe zone when it comes to price volatility.

Read up the 1st comment on this thread which it would really be a good thread for your to look upon since its been discussing about gambling based tokens.Its up to you whether you would really be considering on investing with these tokens or not.When we do talk about performance then this is something we could really say that it would be always varying with the demand.Usually these tokens doesnt really correlate with
Bitcoins price or overall market trend.Checking out chart histories of the current existing  casino tokens which they arent really that on a good condition or position if we do talk about value.
Its up to someones choice which if they could really bare out that certain risk or not.

Betfury so far is the token I received in the signature bounty campaign back when Betfury is in their ICO stage as the most profitable token I've received I never thought that they will be one of the frontlines in the casino-based tokens before there were only a few casino based tokens but their platform is not active here in Bitcointalk, BFG token so far have exceeded my expectation but not all token based casino are good I have seen some new casino with their token already out of the picture after doing their ICO, so still better do your research check the platform, its reputation and profitability of course.

Having your own token might not be the option now for those casinos, because they started to innovate with NFT so I believe it's better to have your own NFTs than to have your own token, I've seen the success of NFTs with Rollbit and I believe that's a good update. Some site choose not to create their token though, because they know investors are not all gamblers. It's not advisable and not mandatory for a new gambling site, it's better to have more options when depositing than to focus on one token only.

It's hard to see them being used outside of their casinos. People mainly invest in them is just for the rewards and price appreciation, nothing else.

Investing in casino tokens or choosing other coins will depend on the results of your own analysis and considerations because everyone must have thought of everything before making a decision. If we look at the performance of each casino coin or token and compare it with other coins or BTC, it is very different because each coin or token will provide different benefits. But for the possibility of increasing, all coins and tokens on the market can increase, especially if a big pump is coming to the market, including casino tokens or sports club tokens. So before you decide, you better find out more about the projects so you can find out if it's worth doing or if it is better to choose another coin or token.

I think gambling tokens are different and not the same as altcoins. Because of the gambling token based on my perspective and understanding, besides you can trade it on other exchanges, you can also play on the gambling platform that has it so you can gamble, it depends on you if it's just to pass the time for you to save or to grow of course there is money.

But I also think it is also possible that other gambling tokens follow or move based on the movement of bitcoin's price, this is just my opinion, I don't know about others.

I have invested in FUN tokens before and earned extremely small profits through them since they behave like stablecoins majority of the time. It's not worth investing in gambling tokens if you ask me since there are way better alternatives out there.

I suggest investing in reliable crypto casino bankrolls instead since you will earn decent profits in the long-term as long as you are willing to be patient.

It's not advisable but this must be based on the result from your research. The performance from the gambling tokens is bad enough compared with another coins or even bitcoin. I just wanna remind you that if the gambling tokens never got big pump like what happened with common tokens or meme tokens in the market. I don't know why the whales are always discredit the gambling tokens. The volume relatively smalls even some tokens have zero volume at this time.
These tokens are not even following bitcoin but it was reflecting the performance from the platforms that issue the token. It's very sad to say about the truth if gambling tokens rarely got pumped like football tokens.

Yes, I have not invested in fun tokens, I have only bought a small part of Betfury's BFG tokens but so far they have given small returns but in several cryptocurrencies, among them bitcoin, it does not seem bad to me, the BFG do not increase in price, It seems normal to me because no token so far I have seen that it increases, but it generates passive income, I think that it is a characteristic that can be used as a good thing to attract more players and clients, the BFG tokens move to that level and are also burned, but there are still many to give them movement, I think that is what makes it unable to acquire a really great value, and due to the market situation it is difficult for it to increase.

It’s very hard to market the gambling token as compared to normal altcoin and Bitcoin.Because the volatility of bitcoin and altcoin was huge compared to the gambling tokens.We know gambling is not a long term one.Any gambling website can shutdown on a month also.So the flow of gambling token in a market only with the gamblers and mostly not with the regular traders.

The performance of altcoins are better than gambling coins because they have better use cases and that's why the result from investing money on gambling tokens and coins can't be compare to other altcoins, for me there is no reason to buy a gambling token unless the developer introduces a better use case.

Sure, many online gambling sites are releasing their own tokens, for example: Topic: CRYPTO CASINOS WITH STAKING FEATURE (THEIR OWN TOKEN) (https://bitcointalk.org/index.php?topic=5353217.0), they follow the development of digital currency, behind it all, that's not all that is listed, there are many others, which are not listed there.

Not forcing, if you want to invest, the choice is in your heart and mind, if you are sure why not, of course if in doubt back off, investing is the choice of each individual.

its performance is the same as other types of crypto in general, traded on the crypto market.

Some of the experiences I have seen token/coin movement in the crypto market, many follow the direction of the Bitcoin flight clock, including gambling tokens, there are also the opposite, such as BULL coins, but not including gambling token types.

In terms of movement and decline have different understandings, the problem lies with the sellers and buyers, club tokens are moving, many may buy, gambling tokens may not be of much interest, bottom line: buyers/enthusiasts can decide whether the token is skyrocketing or not.

Invest in altcoins is always more risky than investing in btc... you can have a new coins that is a better version, or just a casino could scam....or worst these runs in centralized blockchain.... plus other issues linked directly to gambling world.

About performance of these coins lets take some examples:
https://coinmarketcap.com/currencies/betfury/
Launched in Aug 2021 was quoted at 0.031 usd // nowadays 0.01335 usd
0.0000007912 btc // 0.0000006969 btc

https://coinmarketcap.com/currencies/owldao/
Launched in Oct 2021 was quoted at 0.0063 usd // nowadays 0.01207 usd
0.0000001314 btc // 0.000000631 btc

https://coinmarketcap.com/currencies/tfs-token/
Launched in Dec 2021 was quoted at 0.006 usd // nowadays 0.005365 usd
0.0000000708 btc // 0.0000002806 btc

I am excluding some other coins that has just scammed (like betking coin).
Some coins had a good performance if compared to btc just because the price of btc was weak during this year. I don't know if the same could apply with btc pumping .... 

There were more than a handful of this kind of utility token before. Surely, there are benefits in using these tokens but only in their specific platforms or ecosystems. Outside, these tokens are nothing but speculative coins. Although there are still some that are in active use until now, many of these tokens are short-lived. So I don't think investing money in these tokens is a wise idea. Just gamble with Bitcoin and other established altcoins. You're safer this way.

there are several Gambling tokens that still in good running now , there are even some that made it to the top of making money from investors , but also it is hard to deny that coins nowadays or even in the past always rely in bitcoin movement , so yes there are still an effect from what bitcoin goes and what those token might come.
but the main objective here is still one and that is to gamble so what ever it moves still will always favor to the gambling site.

I only invested my money into FUN tokens on Freebitco.in and on Binance by staking at those two places so I think the returns are pretty decent too.
As for the rest of the casino tokens, I haven't tried them so I don't know how they perform yet.
But I think casino tokens also have a chance to go up high, especially if the altcoin season comes again because maybe there will be some whales will pump up the price.
Such tokens will also follow the movement of BTC like other tokens and these casino tokens are also waiting for the right moment to start increasing.

So far they are doing good I have Owldao tokens coming from Owldao signature campaign, and I do not regret holding them and staking them this is the pump on the price since their all-time high that was the time that I got hold of my token 332.9% and I also made a profit from staking my token in their pool, but it still depends on their platform if its generating support from the community, if it's worth holding these token I also have casino based token that failed to take off because of mismanagement, so when it comes to token its best to take a look on the platform and team's capability.

As for me - they are looks like other tokens. They were created to raise money and, may be, to attract attention of gamblers. There are usually some benefits to holders, without such benefits the tokens would be sold on the first pump. I think that it is possible to trade this tokens, but they are bad for investment.

Unfortunately, it is not the case, 2018, there have been a lot of tokens about gambling websites and sports, and we thought that it will do good. However, it is just pure hype though, I forget the name of some of the tokens I owned back then that literally went to nothing.

So if I would advise someone, I would rather invest on bitcoin and top 10 altcoins, just saying. Gambling platform that have their own tokens could be just hype in the beginning, just saying.

Nothing is advisable on any speculative assets to be honest. Always will below performance compare to BTC and that's not surprising as well because if BTC goes down the alts hit more harder. I think they follow same trajectory when it's bull run but during the past year I think BTC outrun most of these alts on profit ratio. I think club tokens are just being hyped in the market but it's expected after that it will hit hard as well.

These gambling tokens are developed to be used within the site. Some of these tokens can be claimed regularly from the gambling site at regular time intervals. Some sites conduct wagering contests with their own tokens and prizes in the form of the tokens were distributed. These system keeps the tokens into circulation, other than this there is no big usage.

Some of the fan tokens are hyped whenever there takes place few football matches with the participation of the respective player. Maybe in the coming days we can experience some price pumping with those fan tokens as FIFA is scheduled.

So far, none of the tokens from gambling sites have been successful and big, as an example I know of, the bitdice tokens from gambling sites don't even seem to have value and are no longer tracked at CMC, many gambling sites have recently launched tokens offering dividends. but unfortunately it never achieved and they left their tokens in the end, token holders will get nothing by holding their tokens, so I was never interested in their tokens even the price dumps every time, so better avoid investing there

Well, top 10 coins didn't even can be compared to Bitcoin, now you're want to compare gambling tokens that can be easily get manipulated and it's created just for hype to Bitcoin? obviously not. The football tokens aren't officially created from the club, but it's created by unknown people who're a big fan of the club. This mean the unknown people can turn their project become scam if they want, there's no reason for me to invest on crap tokens.

I personally think that casino coins aren't big enough to be compared with other type of coins. Maybe there will be a time that casino coins will get it's spot in the market just like what happened to exchange and wallet coins last bull market. Football tokens that are created by unknown people will surely have no future and this type of coins becomes famous also last bull market and most of their investors are just degens who are aiming for quick profit in exchange of very big risk a head of them.

some experience buying some football fan tokens, I experienced a loss so I didn't dare to invest in trading on fan tokens let alone tokens released from gambling sites, if given a choice I'd better trade on meme tokens, I only give advice not to approach gambling tokens and you need to learn from the experience of everyone here

There are gambling tokens who are known such as bfg, tfs, and owl but I can't say if they are advisable since I don really see that they are totally profitable and being talked about much as when compared to the common coins like bitcoin but you can always try to invest on them. Who knows? You might get lucky and they will pumped up one day and along with it is that their casinos are also going to be more successful. That should came first. For the question if they follow the btc movement.

I think they are since their values are also declining a bit and we all see how btc is performing lately. It's also not doing really well. Maybe these casino coins can also show a significant increase once btc recovers or once the bull run returns.

From the list of gambling tokens currently around, the only one I followed and monitored for a while was owl token from owl.games, If I must be honest with you, then I tell you plainly that I have not invested on any of this tokens owned by gambling casino, but If I were to invest in them, then the one I did invest in first would be owl token.
The owl team are working really hard to get their token to the top 100 on coinmarketcap, the casino is doing well, already, so I believe it's just a matter of time and they would achieve this goal.

If we do talk about utility then it would be just common sense on where these coins are used which we know that gambling based tokens are just solely good to be used on certain platforms and theres no other
than that this is why it is really understandable on which one is really worth for you to invest on but there are people who do really make out considerations on buying these tokens for the sake of showing support
on the site.Well its their right and its their money then just let them be but if we do speak about performance and potential then it would really be that clear as day on which one does have
the potential or the chance for it to rise up in the future which i would be sticking with top altcoins and of course with Bitcoin.

Gambling tokens have limited utility regarding gambling base but if the casino platform is developing for new utilities like transfer of tokens between players on the platform without transaction fees or adding other useful utilities for users, so investing in gambling tokens requires special consideration because for me related to investment should review profit and loss factors, so I'm not interested in investing in gambling altcoins and still prioritize investing in top coins for the long term.

Gambling token is very different from other token which the utility of the gambling token is not the same as the other token that has more uses. As far as I can see, gambling token mostly focus on where it is to be used. In other words, gambling token are specifically made for its gambling site. For example, I have a gambling site called iPlayForMe and the token is used for the site for whatever promos, events I planned to do it with but for sure that it will be used to reward the players.

That’s their sole purpose, to be used on that specific site or maybe they also have promotions to have more bonuses once you use their token for gambling, aside from that there’s no other utility for them which I think is the reason why other tokens outperform the gambling token. The site can choose to have this though, but I can say that many still prefer the traditional coins/tokens where they can easily get on any exchanges, personally I prefer to gamble with LTC.

I haven't heard any gambling token that are very successful in the last 4 years. So the obvious answer is that they can't match the performance of bitcoin and any other altcoins.

My speculation is that gamblers simply doesn't want to complicate things in their investment or gambling. We don't like to buy this gambling tokens just because the platform that we are playing are backing it up. We just want to used the regular btc, usdt or ethereum and any other when depositing and withdrawing, simply as that.

Most of the Gambling site I know didn’t have any token on their own, they mostly accept other cryptocurrency for a reason that many gamblers also prefer to be this way. I can’t even see top tokens that is under the management of any gambling site, I assume if there is their performance is not that good compare to other tokens. Whatever their reason not to have their own token, I still prefer that and maybe casinos are more focus on their promotions and marketing campaign to get more gamblers.

That's expected but just a fair advice that everyone shouldn't get FOMO because at the very least they will hit hard that fast too. I think there's no need for tokenization on such gambling platforms but still they do.

Tokens of online gambling platforms do not follow bitcoin, they mostly have limited functionality and their application is specific, they could be considered as a kind of stablecoin online casino, but this is also conditional. Many players are not traders and holders, their main goal is to get a win from the game, they are not interested in the development of this or that online casino token.

These casino based token have their own market and they have the support of their community based on the volume in the market, this kind of niche is new in the Cryptocurrency industry but the fact that these platforms have good support from the investors, but you cannot compare the performance of these tokens against Bitcoin, being new in the market, maybe in three years time we will see the potential of these tokens so far the staking percentage is great that's their strong point.

Most at times they surges as users keep using those gambling site, i mean the more popular those site becomes the more valuable their native currencies gets higher while most of them proportionally follows the direction of bitcoin, meaning if it get bull it follows and when dip it follows as well., do you know those gambling token can be regarded as altcoin.

I think it's because today's casino sites are more concerned about how to make their customers satisfied with the service they will provide.
But I'm sure every casino must have a plan for how to develop their casino site so that it can get a good reputation.
And if they think launching their token will benefit their members, they definitely will.
I think every casino doesn't need to follow what other casinos are doing because each casino already has its own plan.

that doesn't seem to be real. yeah people are still using the platforms but it doesn't mean if they were using the tokens to play in the platforms. The platforms were also accepting so many altcoins other than their own tokens. As far as i can see from the platform like owl, bfg, moonbet. These platforms have been using regularly but the price of tokens quite stagnant at this moment. Even OWL was dropping when another altcoin in the market was doing recovery. that means if people are not seeing gambling token as a potential asset to be considered as investment. They were seeing it as a way to get dividend from the platform but the dividend was also quite small and depends on how much tokens owned by holder

Casino platform tokens don't depend much on bitcoin price but when bitcoin crashes a lot and crypto market starts to depreciate all its coins then it can have some effect on casino platform because they have trading pairs with bitcoin or other altcoins. So due to the market adjustment all the coins go down and then the casino platform tokens also go down in price which is a common thing but casino platform tokens go down relatively less than other platform tokens.

If you believe that casino token will be in demand or you're enjoying that casino and there are some benefits and merit upon purchase then you have some of it. Like having some free withdrawals, bonuses, and airdrops.

Bitcoin is still the most in-demand crypto that's being used by most casinos. The tokens of casinos are only used on their own platforms.

Yes but also gets some huge portion of its own volume on its own market, supply, and demand.

Likely, I've seen those tokens made through chiliz as it's the most used for fan tokens.

Almost all altcoins follow through the price of Bitcoin as what we see on the market whenever bitcoin is down so other tokens out there, and it also affects them during the bull run of bitcoin where it pulls all the price of almost every crypto. Casino's tokens are also included on these crypto that are affected by bitcoin price volatility. However, each and every news and update that will cause the price change varies to every casino and project.

It is so. The main idea for tokens is to buy low, to sell high. I can`t say that it is good for investment, but for traders such coin much better than BTC. You can double your deposit for a week using such tokens - their volatility is huge. But the risks are high too. And one more problem is a volume of trading tokens. Possible that you can`t sell them. So i can recommend it only for experienced traders. For investment use BTC.

If we had known that all altcoins followed the bitcoin price, we would be careful to buy the coin, even if it was a casino token, and learn what the profit could be. But when the bitcoin bull run comes, it doesn't guarantee all the casino tokens can also increase because it will depend on the response of traders and investors. Maybe if there were more benefits for traders and investors, it could lift the price to a higher price level.

There are many projects in the gambling world that are successfully operating their gambling business as well as generating their own tokens to cryptocurrencies. I would say that this has improved the gambling company. A gambler is gambling at the same time can buying tokens and  expect good things through trading or holding. This token follows BTC as an altcoin. Holding a good gambling token in the long run has the potential to make huge profits.

Depends on what you mean by performance either by its price, demand, purpose, or use.

Generally, regardless of what token type, most are dependent on the trend that is started by Bitcoin. No token can withstand the volatility of bitcoin.

Try to see if those gambling tokens can also be pushed once the bitcoin price started an uptrend. It means it was being actively traded by most traders aside from being used as a utility token on that said gambling site.

Never enter this investment if you don't understand gambling specially  of what kind of gambling site are you going to invest because the more you push to profit is the more chances you may lose , but like BFG and other investing token in crypto gambling site? maybe there are small chance of failure being scammed because almost majority are legit though not profitable to the max that we wanted.

This is the token being centralized as general, but how about the case of token when it comes to crypto casinos?  I bet there are a smaller hard cap compared to what we generally know on typical token projects. If someone can compare and contrast about these, I'll really be glad as I only have small idea  on casino tokens.

I can't say this true or not for sure. The only thing that makes it better compared with meme token is gambling tokens have a real platforms that can generate revenue but about the volatility and it seems like that gambling token didn't have good performance. It's pretty much the same like meme token. The only thing that must be noted if meme token can reach hundreds of millions USD valuation while gambling tokens were so difficult to reach 10 millions USD valuation which is making it looks like a horrible thing. I meant if you compare it based from the fundamental and yeah gambling token is a bit better but when you are seeing it from volatility and i just wanna say if that's not even better compared with meme token.

Ofc, Meme coin is one of the shittiest coin because it has na utility besides giving a ponzinomics to its holder through staking. Only Doge has the real utility on this category because they there own blockchain and holders can use it as payment system. Casino tokens is almost can categorized as Security Token since the casino promised a return for its token holder in the form of buy backs and other casino incentives. STO is just still on gray area for regulation that’s why casino tokens choose to be categorized as utility token for less stress against regulators.

All tokens and Crypto currencies are the same.... once they enter the casinos internal database.... then it is not being used as a token or a Crypto coin, but just as a entry on a database. The only time when you should be bothered with performance... should be when you deposit and when you withdraw... because you deal with the blockchains once it is outside of the casinos database.

My main thing is "utility" ..... you can have the best token, but if it has no utility.... then you cannot use it outside of the casino where you are using it. (It has to be listed on a popular exchange and there has to be trading volume for that token)  ::)

That could be a good comparison but still many prefer not to have their own token and just focus on their promotions and with the updates on their platform.
DOGE is a meme token as well but it is being accepted by many gambling site because it's cheap when it comes to the fees. Having your own token requires a lot of utilization to make it more valuable, so far I can't see any successful token that is connected with any gambling site.

There's a similar thread right there afaik but well it depends on you because it those coins has the potential to rise up go for it but of course, that's the reason why people want to buy those coins because of the utilities or the perks of holding those coins like rewards and etc. it depends on the platform. If you want to secure more volatile in the market it is ideal to hold those coins already have a potential like the top 10 coins in the crypto market right now.

I think tokens from gambling projects are no different from other cryptos. they also have quite high market fluctuations, this may also be related to the influence of the movement of BTC.

some tokens from gambling may have a different case. because the popularity of the platform will also affect the trading market community of their tokens.
Gambling projects like Moonbet that pay campaign participants with their tokens also have their strategy. Apart from marketing, it is also important to increase their market.

Once bitcoin will begin it's bullrun, there's a high possibility that all altcoins out there especially those that has an active trade paired with bitcoin will increase in value as well. It is not a guarantee to increase but it is highly possible once bitcoin bullruns. These can be also seen to those new tokens that started during the market bullrun as the price rapidly increase comparatively to major tokens out there.

FUN token price during the bull run was around 80 - 90 satoshis and so if we compare the current price to that the price is around 60% down.
But then again the price of FUN was around 25 satoshis in the beginning of this year and the current price has indeed become more stable 38 satoshis.
So yeah those are some nice gains when compared to other coins/tokens.
FUN token is performing really well after the partnership with freebitco.in

I don't think it is worth buying those "gambling" tokens. We don't hear much about those tokens nor do they have anything special to offer us. They are just some tokens made for their casino and are distributed among the gamblers. Not worth taking the risk in my opinion. Stick to bitcoin and regular altcoins if you are willing to take less risk.
The tokens price goes up due to a hype. You never know when a hype ends, so you will only end up FOMOing in those tokens and eventually lose everything.

It’s normal because casino token is being used for reward by the casino to the players so expect that there’s no much trading volume on it sometimes because no one is buying it regularly since it can be earned by just simply betting in the casino. Typically this kind of tokens will have a demand when they new exchange listing or the casino offers a mining pool for token holder that give a good profit return in the long run.

That's how the bitcoin dominance we know currently even the market is crash still there's a support cant break which is the 18k-20k of the bitcoin and if this is already the floor there's a chance that once you make an invest with those coins of the gambling casino there's a possibility they rise up so aside from the utilities of these coins you can make a profit but still that's depends how you will look for those coins to hold or just to use for the casino perks.

Or it will be just a niche for gamblers, so it's going to be very difficult to attract lets say average joe investors because it might not be for them, just saying.

Of course, it will have some advantage for us gamblers, but then again, I will say that majority will still prefer the old way of playing with Bitcoin and rest of the altcoins that are cheap but fast in transaction and not used the native token of that gambling platform.

^But you need to be careful of this, we should always research the gambling token that we choose to invest and it should be in an established gambling casino, not the unknown that recently pump up in the market. I have a question for you, how do we know and determine that the casino token was very in demand on the market? Probably because of the popularity?
It is very difficult to determine for me so that is why it is very risky to invest in casino tokens, all you have to do is have a little bit of research on it their legitimacy and reputation.

it would be difficult to know if you are not a regular player of the casino. but let's say for example the bfg token in betfury, if you are consistently playing on their casino, you would know what promos they have for their token. like right now, they are running the in-house bfg burning hot battle. so what i am saying here is if you do want to invest in a casino token, much better if you are also a regular player of their casino so you can get the benefits of owning it.

Like most of the time when it comes to altcoins it is better to stay away from those kind of coins as they have little relationship with the business that is behind them.

To me this is just a way for the owners of that casino to raise some cash without having to sell shares of their company and losing control over it, while those that buy those tokens do not get dividends from the casino and they can only speculate with those coins.

That's why this depends on the platform on how they promote their tokens to be known not only by their own gamblers but for other investors as well, through marketing promotions and by listing it in big exchanges. Investing in casino tokens are not bad specially if you're a gambler for that particular casino who have their own token because it can give you perks. But if you will have to choose between these tokens and Bitcoin (and other established alts) then think what's less risky and not depending on the success of the platform.

They sound more like casino tokens (or fan tokens if in sports) in this scenario imo. I wouldn't bet on these coins actually following the BTC market, they're centralized coins after all and their functionality serves as more of a reward for people who use the service, in this case, casinos (or clubs) which makes them gamblers, or fans, unlike in the case of BTC, where most people involved are investors and the like. Not to mention that it's centralized, just that is enough to put it out of the competition and for any relation to happen with Bitcoin tbh.

Why do you think that gambling tokens are hard to list on exchanges? Do you know freebitco FUN token which is listed on big exchanges?
Anyways, in a bear market, all the altcoins are slow in movement and we do not see any big moves. Most of them are hovering around their support levels. This is also true for the gambling tokens.

If you ask my point of view, i think gambling tokens have a perfect use case and if we are able to accumulate these gambling tokens in the bear market, we are hopeful that these tokens will give good returns in the bull market. Also, this is my point of view as I do include these gambling tokens in my portfolio. Everyone is free to accumulate any gambling tokens and this is not a financial advise.

We can't compare these tokens with bitcoins or some big market cap altcoins also in term of returns as these tokens have limited purpose and are made for casino usage and reward system to players nothing else.The demand is among players to say buy some spins or open boxes or something like that but not overall demand like btc so they are just say in game tokens through which players can earn some little amounts in market.But not so much returns as you expect from big coins.

There's no doubt that because when the bull run moment begins, the altcoins will also prepare to upgrade and get started first. And that can also happen to casino tokens because there will probably be a whale pumping them to show the power of the casino tokens. But if it is because of the pump, I don't think it will last longer, and the price will return to its original price. So this requires accuracy in investing in casino tokens, so we don't choose the wrong one.

Gambling tokens never work like other altcoins and bitcoins and can never do anything as good as them because gambling platform tokens are mostly used for gambling or some other purpose so they don't have much effect on the market and if someone invests in them  If they do, they can't make much profit . So Gambling Token can never be compared with other altcoins and bitcoins

That's why I don't even waste my time and money putting in casino altcoins, I just don't like to take that risk when I can buy bitcoin on a good exchange. with so many good casinos that offer many bonuses and promotions and several altcoins as a deposit method why would people all run to create an account at a casino where they have their own currency? even if the casino offered the same things as other casinos it would just make the casinos share the same customers, so for the casino altcoin to increase it depends on the casino having many customers, so it is a big risk to invest in these casino altcoins. Another danger is that these casino altcoins are too lazy to list their altcoins on many exchanges, which even makes investors just use shady exchanges

Casno tokens are indeed usually a way for them to make some money on the side. They don't have any utility outside of the casino that issues them and they don't bring any profits outside of the market average. They're there to catch people who are casino players and not really a coin investors and they think that if they won some money they can invest in the casino because it's "free money anyway". Casino tokens are a way to get some of the lost money back in form of client investments.

Sure they are only made for the purpose of gambling and not for the real focus of hodling a longtime for volume trade and to be utilized in the crypto world.  The site specifically build such game tokens for convenient not based on longtime asset as we see in bitcoin, binance, etheruem and other crypto currency too. This is just for the game not for real crypto experience.

Gambling sites have own tokens but not all are good. To understand the good and bad here we need to have good knowledge about that gambling project. If the gambling site is established then its price may increase at some point. In this case, many people confuse gambling tokens and gaming platform tokens. While the two may seem almost the same but there are major differences in reality.

Once bitcoin starts its bull run, there is a good chance that all altcoins out there especially those with active trades paired with bitcoin will also increase in value. It is not a guarantee to increase but it is quite possible when the bitcoin bull runs. They can also be seen in the new tokens that started during the market bull run as the price rose quickly compared to the main tokens there.

You indeed mentioned this, Even if it's just shitcoins it's possible to increase immediately just to keep up with the trend of the bull run, but most of them will only increase temporarily but the stability of their market volume won't last long for sure because only pumps can do it for them but the buy wall and sell wall like other altcoins that they do will increase the market cap volumes that somehow they can keep up with or follow the halving of bitcoin.

I think you can see the statistics of various gambling tokens, which is where you can analyze the tokens. If you want to take a look, the Coinmarketcap site has recap the history of those statistics. Please look at the link below.

https://coinmarketcap.com/view/gambling/ (https://coinmarketcap.com/view/gambling/)

I have gone through the statistic for a while and I have seen how underperforming gambling tokens have been and how their struggle to survive the harsh crypto market environment.
I don't know if this will change in the future when there will be a new development that can give casino tokens an edge in the market, but until then I will prefer to use those tokens as a utility to play on those casinos aside from that, I can't take them for investment for long term base.

They are worth it if you get some benefits from holding the token and especially use that gambling site anyway.   Gambling has been a major revenue source to crypto for some time for that reason I'd say this particular flavor of alt coin has a greater base to grow from then most ideas but of course be cautious  in your research.

Gambling token are maked for gamble but many gambling platform also make there own token for doing a batter place on crypto market if they can get a good position for there token on market and gain a high marketcap then it  will work as another great marketing for that gambling platforms .so every platform make there own token for there own purpose

Nowadays, casinos create their own gambling tokens which will be very helpful so you can continue to gamble and becomes more convenient in playing their gambling games with the use of gambling tokens. However, these tokens are completely different from crypto tokens like bitcoin and ethereum as they can be potential investments for long term that can give financial gains, while for gambling tokens they can only be useful in that certain game and certain period of time and do not guarantee profits at all.

Most of the benefits that these tokens provide are mainly from the gambling platform they represent on which is why these tokens are a must buy if you're casino has one. AFAIK, these casinos offer greater bonuses, promotions and much more services to those who hold their tokens rather than those who just regularly gamble on their platform. If your main goal for buying these tokens are for trading purposes, I suggest that you wait for future updates from these platforms to see any movement on their value as these tokens are likely to be stable compared to other tokens that aren't gambling related.

I think they aren't worth holding. If you can get some benefits from gambling with these tokens or you get them as a reward of some sort, a bonus, or for a signature campaign you can keep them, but I wouldn't treat them like a long term investments. There are much better and safer coins for that, starting with bitcoin.
For instance if you bought OWL early this year you're down 60%. To do the same with bitcoin you'd have to buy months earlier in the bear season.

So do we say is actually the cause of the token decreasing in price or what?
Is of a true most of the holders are only for a dividend but also know that since no much transactions or investors who keeps buying and holding the token there is no much impact, everyone seems to hold and the use of it to gamble in their site wasn't that preferable instead most people using BTC and altcoin.

I don't have a problem with my casino-based token decreasing because it will eventually regain its price I am monitoring the price and even if the price is decreasing the price recovers, of the casino-based token I'm holding just launch the Owl token staking pool where you'll get a whopping 78.63 % APR I put it 10,000 Owl token so far I'm happy with the Owl token I'm getting so si the other casino based token I'm staking in BETFURY casino.

All matters on someones preference because not all doesnt really like on how these tokens been moving but if you are staking it and getting that 78% APR then good for you.OWLgames is someone popular on this

forum which i do believe that it do really make out influence in regarding with those token demands but on general speaking about performance then it would really be basing
on Bitcoin/Market trend or demand from those investors as always.
These are common reasons which people should really be that keep on eye on but well its our money then its our personal choice on what we do really look or invest on.

Staking some of the casino tokens for rewards while waiting for the price to go up is good advice, especially if you can have a large amount. At least that amount will increase by betting on the casino so that the casino may provide other rewards for the holders besides just gambling.

But these casino tokens still compete with others, especially for fellow casino tokens. And based on the link provided by @fathafraink, the FUN token has the largest marketcap but this is no guarantee that the FUN token will continue to lead in the casino token market because other casino tokens may also increase in the future.

There is no need to rush for trading volume as this was mostly rewards , but of course it is an important material if you are a regular player of the said site because the more token to accumulate is the more playing time you can spend on them.
and this is also for long term purposes , because like those new sites that attracting players once they meet the momentum then the more chances of those investors and holders to take their piece of cake from their support and trust to that said gambling site.
those who invest in that said token are more likely to use those to bet, because it is an advantage in their part.

Casino token have been guarantee depending with how long casino have been working, but not all trusted and experience casino launching their token. Safety when staking with casino token than new token launching however with higher APY reward giving, keep better stake token from casino if have listed several exchange market, if listed on one or two exchange market not priority how to stake. Casino token usually interested with their casino only not include investor or gambler bet with casino token when playing casino or sport gambling.

We aren't going to invest directly in the platform, that's a different thing already but there are gambling sites that work's like that. The feature is called bankroll investing. The OP is only asking about those casino coins. The OP doesn't also want to play gambling or use the casino tokens for gambling but he only want to hold it like a typical investment asset.

I only know a few casinos which has their own tokens, I think that is because they promote their coin properly. They also want it to be more known other than their casino. This is the importance of doing a promotion. It helps people to be aware about the company's product. This is one the thing that we must look at before we decide to invest.

Yes I believe that gambling platform tokens are not only made for gambling.  Through this they market their platform and when gambling on their platform they give their own token free to gamblers for every bet that Betfurry regularly makes.  Through this they attract gamblers.  And when they list their token on a good exchange and the token has a good value it attracts gamblers more.

Maybe that's the appeal of casino tokens given to members and investors so that they can give full support to their casinos and continue to buy and bet casino tokens for other rewards. If the casino token can gain a position on the exchange and many use it for profit, it can make its price more competitive with other coins. That can also be another attraction of casino tokens. But indeed, not all casino tokens can be like that because it takes effort and hard work on the part of the casino to ensure their every plan can run well.