Is there any reason to add gambling tokens to my crypto portfolio? What drives their value? Do they appreciate in value just like other altcoins whenever we are in a bull market?
Unfortunately, gambling token is just pure hype as well, just look at the World cup token, they suddenly exploded and now almost every each one of them have died. I remember way back in 2018 this was also the hype, but we haven't seen any success as well. There were even one known casino here who have their own token, but there are multiple accusations against them. They have a good signature campaign, unfortunately, because of this, they were force to cut it after many years and then we never heard from them again, although if I'm not mistaken, the ANN thread is still alive but nowhere the reputation they have like in the era of 2016-2019 of this well known casinos.
Yes, it's true that gambling tokens can develop and have relatively high prices because of the Hype and can't last a while.
Gambling tokens are also created solely for a promotion from the casino itself without any excessive expectations and development to be able to make it a valuable token.
For now, there is still one of the biggest and well-known crypto casinos that has its own token and it still has a price because many casino users want to use it as a token to gamble or bet.
However, it seems that it will be very difficult for other casinos that are just trying to create tokens
own and can develop it properly.
