Trading Update: 08 – 14 July

Updated Jul 14, 2020 | Published Jul 14, 2020
[3 mins read]
Having seen positive trajectories in the gambling altcoin market last week, the momentum hasn't quite followed for all our tracked tokens. Saying that, CasinoCoin have gone clear at the top of our rankings with a hugely successful week.
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With the major betting blockchains – bitcoin, Ethereum and TRON – having seen static price movements in the last seven days, our tracked gambling tokens have generally lost their momentum after a turn up in fortune the week before

Bitcoin remained roughly in the same area at the bottom of the $9,000 bracket, with many BTC traders becoming increasingly frustrated that the coin has failed to smash through the fabled $10,000 ceiling. Likewise, ETH was down -0.6% for the week, and TRX traded down -2.6%, despite much hype over WINK and the recent TRON 4.0 announcement.

The major story of the week's trading is undoubtedly CasinoCoin (CSC), which saw a rarely seen spike of over a quarter to break the $30m market cap line. The spike doesn't seem to be heavily project news-related, although it did recently announce it was launching its TrustTracker tool with 321cryptocasino.

A recent AMA has kept this news story out there in the project's fanatical community, and those hodling CSC will be smiling after the last couple of week's price action.

WINk, as previously mentioned, continues to face calls for further transparency from its player base over the identity of its new CEO with Justin Sun himself getting involved. However, WINk's WIN token has stayed steady despite this, bumping 0.6% up in the past week. There's no doubt that the TRON-based casino is a popular one, seeing massive acquisition and dividend payouts of late, so it seems any uncertainty hasn't affected its standing amongst traders just yet.

WIN traders should be wary of a spike in TRON though, as many of its holders could move their gambling activity to other casinos that accept TRX, such as Bitcasino.io.

The other major beneficiary of the last seven days was BetProtocol and its BEPRO token. And in this case, we'd argue this is down mostly to the blockchain platform supplier's PR push around its esports platform launch. BetProtocol first announced that its webinar to publicise the product had sold out within 48 hours, soon releasing more tickets for the event, while its co-founder, Justin Wu, took time out of his busy schedule to talk exclusively to CryptoGamblingNews about the project's current business and future ambition.

Our rankings remained the same as of last week, when CasinoCoin jumped from third to first in terms of market capitalisation. This week's performance has seen it fly well clear of WINk in second, but if we should see a spike in ETH anytime soon, ERC-20 tokens may soon snap at its heals, such as FunFair Technologies' FUN token, used by the likes of CasinoFair.

 

  • CasinoCoin (CSC)
    • Market Cap: $30,676,876
    • 7-day change: +27.2%
  • WINk (WIN)
    • Market Cap: $23,322,773
    • 7-day change: +0.6%
  • FunFair (FUN)
    • Market Cap: $22,285,188
    • 7-day change: -2.3%
  • Wagerr (WGR)
    • Market Cap: $5,902,934
    • 7-day change: -1.3%
  • TrueFlip (TFL)
    • Market Cap: $2,772,194
    • 7-day change: -3.1%
  • BetProtocol (BEPRO)
    • Market Cap: $1,708,554
    • 7-day change: +9.4%
  • Edgeless (EDG)
    • Market Cap: $848,509
    • 7-day change: -9.8%
  • BetterBetting (BETR)
    • Market Cap: $166,863
    • 7-day change: -18.7%
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CGN senior journalist 

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