Are gambling altcoins undervalued?

[meliquiades]

Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies.

The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.

Of course, FunFair at one point had a $900m+ marketcap (now just $21m).

Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?

Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/

[freedomgo]

Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies.

The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.

Of course, FunFair at one point had a $900m+ marketcap (now just $21m).

Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?

Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/

As they offer their tokens in exchanges, the price will be affected on the situation, right now the market is bearish so the value of tokens will drop and it will loss the interest of the gamblers to play since they are afraid that the value will continue to drop.

Majority of the gamblers are not traders, so they will prefer a coin that is more stable like BTC, and that's the reason why majority always have BTC as a means for gambling so gamblers can choose among the coins available.

BTC was also down but if you check the price history of Funfair and Edgeless you can already determine the reason.

[imstillthebest]

right now the market is bearish so the value of tokens will drop and it will loss the interest of the gamblers to play since they are afraid that the value will continue to drop.

i love to play gambling in a bear market because i can buy a crypto at low cost and i can enjoy playing a gambling because the losses wont hurt that much . for sure other gamblers will do the same  .

Majority of the gamblers are not traders, so they will prefer a coin that is more stable like BTC, and that's the reason why majority always have BTC as a means for gambling so gamblers can choose among the coins available.

trading and gambling are verry common due to their high risk . when you trade you are also gambling and when you gamble you are also trading (  vice versa ) . stable coin or not , it does not really matter because what matter the most is your bets  .

[boyptc]

I'm thinking if this should be here or on the Altcoin Discussions.

People tend to gamble with those well known casino's because we had a choice to gamble with altcoins. About the value of those coins bouncing back, it will as long as there's demand for them and as the market bounces back again.

[Pffrt]

When market will get more investors and market will be floodee with lots of money, of course those coin will also be rise. Gambling and cryptocurrency are connected with each other. Crypto has very little real life usage and gambling industry is one of them.

[Thanasis]

Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies.

The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.

Of course, FunFair at one point had a $900m+ marketcap (now just $21m).

Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?

Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/

This is because all cryptocurrencies are suitable for gambling activities so we don't need specific cryptos for that purpose.And lot of projects gone nothing due to the bearish market so we don't have to much care about technology of it just concentrate on the holding to bring the bull run.

[davinchi]

Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?

I believe almost all the "real" coins will bounce back .

When the entire crypto space is into negative trends, we cannot expect gambling based coin/tokens alone performing better. Even these gambling assets are having real time applications, due to market pressure they are currently trading undervalued. In recent days, I did see edgeless gaining more 10% growth in less than 24 hrs in bittrex, just for example I am mentioning this.

Moreover, this topic is sounding like a trading or altcoin related discussion and (I am sorry to mention) not sounding like a gambling discussion.

[swogerino]

Right now they are undervalued and it is a good time to buy them for anyone who believes in the bouncing back of all the cryptos.

It is wise to play with these altcoins now as the loss will not be big but if you win you keep your winnings and hope for the price to rise, looks like a situation in which we can take some profit.

[avikz]

Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies.

The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.

Of course, FunFair at one point had a $900m+ marketcap (now just $21m).

Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?

Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/

I don't really understand the point behind rolling out a new crypto token for using in gambling sites! The crypto market is bursting with loads of crypto tokens right at the moment and majority of them has no value. So rolling out a new token just to use in a gambling site, makes really no sense as the utility of such tokens will be very limited. Instead gambling companies should just continue using top cryptos like bitcoin, Eth or any other well circulated cryptos. That makes more sense instead of rolling out a whole new coin or token. I don't see any good future for limited tokens for gambling only.

[Caladonian]

When market will get more investors and market will be floodee with lots of money, of course those coin will also be rise. Gambling and cryptocurrency are connected with each other. Crypto has very little real life usage and gambling industry is one of them.

That's the relationship between, gambling is there to adopt crypto in order to have a good purposes but in terms of specific coins it's hard to predict
as many gamblers still conveniently using bitcoin and those most trusted coins to play, those mentioned coins will bounce back only if they will gain
real business that will collaborate with them.

Chances still there after the bearish ended we will see how this coin will progress.

[meliquiades]

Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies.

The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.

Of course, FunFair at one point had a $900m+ marketcap (now just $21m).

Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?

Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/

I don't really understand the point behind rolling out a new crypto token for using in gambling sites! The crypto market is bursting with loads of crypto tokens right at the moment and majority of them has no value. So rolling out a new token just to use in a gambling site, makes really no sense as the utility of such tokens will be very limited. Instead gambling companies should just continue using top cryptos like bitcoin, Eth or any other well circulated cryptos. That makes more sense instead of rolling out a whole new coin or token. I don't see any good future for limited tokens for gambling only.

Agree with this with the exception that if the coin adds some kind of new functionality that improves the gambling experience, it may be worth it.

[livingfree]

I see that you have created a new thread on Speculations (Altcoins).

Please refrain from doing this, you're duplicating your topic.

[audaciousbeing]

Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies.

The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.

Of course, FunFair at one point had a $900m+ marketcap (now just $21m).

Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?

Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/

Concluding altcoins would bounce back is going to be a long shots that one would need to be more careful in giving an estimate. At some point the price of BCH was was $1000 but now its just fairly above $100 the same fate befell ETH and other major alt coin without any sign of recovery in sight. If the major alt coins could be hit this hard, I wonder the amount of hope left for the fairly known alt coins that are out there among which is the example you have stated.

New coins will continue to emerge every day while some will stand the test of time, other might face extinction really soon and there is nothing anyone can do about it. Its a fundamental law that must be applied to in the crypto industry.

[michellee]

Right now they are undervalued and it is a good time to buy them for anyone who believes in the bouncing back of all the cryptos.

It is wise to play with these altcoins now as the loss will not be big but if you win you keep your winnings and hope for the price to rise, looks like a situation in which we can take some profit.

Many altcoins are in the undervalued, and most of them have decreased too deep. And if we want to buy altcoin, we can get a lot of amount of the coins especially if we are playing gambling using dogecoin, reddcoin, xvg and else. I always use altcoin in the gambling game because with the altcoin, and I don't have to regret if somehow, I lose in the next round. Besides that, if I want to buy altcoin, I don't have to use a big balance to get a big amount of altcoin.

[romero121]

Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies.

The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.

Of course, FunFair at one point had a $900m+ marketcap (now just $21m).

Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?

Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/

This will truly help with the increasing circulation of the tokens. This will generate volume to the altcoin token. But, to the same as its peak it won't bounce back just because of the token getting added to the gambling website. Majority of the users prefer bitcoin over many other tokens and altcoins.

[omonuyak]

Everything related to cryptocurrencies market are really done now and I think I could really see this as a bad time for cryptocurrencies investors.  Gambling industries that has actract alot of crypto enthusiast that are in love with gambling have put money in the market but because of the current happening in cryptocurrencies market everything is done.

[Viscore]

Everything related to cryptocurrencies market are really done now and I think I could really see this as a bad time for cryptocurrencies investors.  Gambling industries that has actract alot of crypto enthusiast that are in love with gambling have put money in the market but because of the current happening in cryptocurrencies market everything is done.

They are competitors in the market and they are promoting their site claiming they are a decentralize gambling site.
Unfortunately, not all people are amaze with the idea, those people who are not too technical would prefer a simpler platform where
they can use a more stable coin like BTC.

EDG and FUN is profitable looking at the current price now because they started at a very low price but it will not attract majority of the gamblers as its less stable compared to major cryptocurrency.

[bitgolden]

It shows bitcoins and few other major cryptos alone still remaining as favorite betting asset for gamblers regardless of whatever conveniences are being assured by dedicated gambling tokens. I mean even crypto based gambling industry is booming, gambling tokens are still facing hard time to attract its adopters.

Other than this, the negative trend of crypto space must be another reason why we are having these tokens undervalued. But, I believe, there would have been more chances for these tokens to gain more value when it might remain attractive enough for gamblers regardless of where is crypto space is trading.

[Kasabus]

It shows bitcoins and few other major cryptos alone still remaining as favorite betting asset for gamblers regardless of whatever conveniences are being assured by dedicated gambling tokens. I mean even crypto based gambling industry is booming, gambling tokens are still facing hard time to attract its adopters.

Other than this, the negative trend of crypto space must be another reason why we are having these tokens undervalued. But, I believe, there would have been more chances for these tokens to gain more value when it might remain attractive enough for gamblers regardless of where is crypto space is trading.

If they will use it as a means to gamble only then I think it's not hard for them.
These gamblers are looking for a coins that they can easily exchange after they gamble, usually regular gamblers are looking for a high
volume coins so there will be no problem with the liquidity in case they trade. For now, it's the status, they need to exchange
but it's more convenient to them since it's cheaper and faster with crypto compared to fiat gambling.

[TravelMug]

It shows bitcoins and few other major cryptos alone still remaining as favorite betting asset for gamblers regardless of whatever conveniences are being assured by dedicated gambling tokens. I mean even crypto based gambling industry is booming, gambling tokens are still facing hard time to attract its adopters.

Exactly, bitcoins and other major coins will still be the choice of gamblers around. It's a fast phase life, we don't have time to look for alternatives just to play and would rather used the more reliable coins like bitcoins, litecoin and even dogecoin.

Other than this, the negative trend of crypto space must be another reason why we are having these tokens undervalued. But, I believe, there would have been more chances for these tokens to gain more value when it might remain attractive enough for gamblers regardless of where is crypto space is trading.

Of course this bear market has put a dent on everyone's shoulders. And it's reflective to almost all tokens right now. I don't know, I'm an old school and wouldn't try any crypto to gamble other than what I used in the past.