How is the performance of gambling tokens compare to other altcoins and btc

[Fivestar4everMVP]

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. ??

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.

[1714921697]

1714921697

[Fatunad]

I think other tokens that are designed for market volatility erform better than gambling tokens since most gambling tokens are up just to play games on the casino, but we also have some casinos took that are performing well in the market.

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.

[erep]

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.

[nakamura12]

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.

[Johnyz]

I think other tokens that are designed for market volatility erform better than gambling tokens since most gambling tokens are up just to play games on the casino, but we also have some casinos took that are performing well in the market.

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.

[Baofeng]

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.

[goaldigger]

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.

[rhomelmabini]

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. ??

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.

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.

[Daltonik]

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. ??

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.

[aioc]

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. ??

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.

[Adbitco]

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.

[traderethereum]

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.

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.

[makishart]

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.

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

[coinerer]

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. ??

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.

[passwordnow]

I can see that few gambling websites have their own tokens, is it advisable to invest money in such 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.

Also how is the performance compared to other coins and BTC?

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.

Do these tokens follow BTC movement like other tokens?

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

Football club tokens surges when an upcoming big match is around the corner what about gambling tokens. ??

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

[Jemzx00]

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. ??

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.

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.

[mak013]

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.

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.

[maydna]

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.

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.

[BobK71]

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.

[chaser15]

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. ??

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.