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

[worle1bm]

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.

[1714935870]

1714935870

[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.

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.

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.

[coinerer]

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

[Slow death]

Most casino tokens are just chest coins in the marke6, and their price is not meeting up to market standard and their trading volume dropping rapidly, but we still have a few who is increasingly growing in the market with multiple exchanges.

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

[darkangel11]

Most casino tokens are just chest coins in the marke6, and their price is not meeting up to market standard and their trading volume dropping rapidly, but we still have a few who is increasingly growing in the market with multiple 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.

[gantez]

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

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.

[BobK71]

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. ??

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.

[gunhell16]

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.

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.

[fathafraink]

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. ??

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/

[Odusko]

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. ??

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 of the history of those statistics. Please look at the link below.

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.

[STT]

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.

[coinerer]

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

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 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

[Viscore]

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.

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.

[Jemzx00]

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.

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.

[coolcoinz]

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.

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.

[Adbitco]

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.

[coin-investor]

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.

[Lanatsa]

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.

[ethereumhunter]

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.

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.

[btc78]

Most casino tokens are just chest coins in the marke6, and their price is not meeting up to market standard and their trading volume dropping rapidly, but we still have a few who is increasingly growing in the market with multiple exchanges.

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.

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.

those who invest in that said token are more likely to use those to bet, because it is an advantage in their part.