Trading Update: 27 May – 02 June

Updated Jun 16, 2020 | Published Jun 2, 2020
[2 mins read]
It's been a spectacular week for gambling altcoins, with every one of our tracked tokens seeing rises over the past seven days. The likes of BTR and EDG have seen the biggest percentage rises but the most impressive gains have come from the larger market cap coins FUN, WIN and CSC.
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After last week's mixed bag of results for our tracked gambling altcoins, they've come back in impressive fashion this week with market cap bumps across the board. Whether this is down to wider cryptocurrency trends or increased project support in this lockdown environment is hard to say, but it's clear that crypto and blockchain betting projects are in a much healthier state than they have been in recent months.

The headline figures see BetterBetting's BETR token jump by over 30%, and although it's market cap is relatively small, the weekly hike shows that there's still confidence in the project. Ethereum-based token EDG, of the Edgeless casino project, also saw a major increase, jumping by almost 20%. Edgeless may have been quieter of late, but its provably fair tech and usable platform has proved popular with a certain demographic, so with more adoption and incentive to trade, the project could be set for further gains in future.

Perhaps most significant after last week's increased token supply, WINk's WIN token has increased by 9.6%. It's market cap of around $28m has a healthy lead over the second largest of our tracked tokens, and the potentially dangerous move of increasing its circulating supply has not deterred traders, it would seem. Justin Sun has once again been in the news this week, being dubbed the ‘crypto-casino czar' by Bloomberg. The statement may have some negative inference from the journalist's side, but Sun is not one to shy away from the attention and he'll be enjoying the additional coverage for the TRON network.

FunFair Technologies' FUN token followed up its huge uptick last week with another healthy 4.4% rise. The project has repeatedly served its community and token holders with platform improvements of late, and these have cemented it's position as one of the true pioneers in blockchain gaming. CasinoFair and FunFair's other partner casinos have seen booming player bases in recent weeks and with increasing gambling action on the platform, the growing singe will likely lead to further FUN token price rises.

CasinoCoin continues to move in a positive direction with an 8% price rise, after also topping our recent poll, while blockchain sportsbook Wagerr has reaped the rewards from its content and tech push during challenging times for the vertical.

 

  • WINk (WIN)
    • Market Cap: $27,874,636
    • 7-day change: +9.6%
  • BetterBetting (BETR)
    • Market Cap: $135,572
    • 7-day change: +30.4%
  • FunFair (FUN)
    • Market Cap: $20,146,567
    • 7-day change: +4.4%
  • Edgeless (EDG)
    • Market Cap: $887,101
    • 7-day change: +19.9%
  • CasinoCoin (CSC)
    • Market Cap: $16,847,157
    • 7-day change: +8%
  • BetProtocol (BEPRO)
    • Market Cap: $1,705,459
    • 7-day change: +0.2%
  • TrueFlip (TFL)
    • Market Cap: $4,210,585
    • 7-day change: +10.4%
  • Wagerr (WGR)
    • Market Cap: $6,351,588
    • 7-day change: +14.1%
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