Gambling altcoins continue to provide above-the-market returns for cryptocurrency investors, led by an impressive rally for CasinoCoin (CSC).
CasinoCoin has surged around 200 percent from a March 22 low market cap of $4.5m to its current market cap of $13.1m, with active trading on the exchange STEX.
Investors have clearly reacted positively to the recent appointment of Richard Cammegh, managing director of roulette manufacturers Cammegh, to the CasinoCoin Foundation advisory board.
CSC is now the third most valuable gambling-focused altcoin after FunFair’s FUN token and Wagerr WGR token. It has leapfrogged Edgeless’ EDG token to assume the position.
Both FUN and WGR have done a good job in recent weeks holding onto gains made earlier this year.
Wagerr has crept up to a market cap of $19.4m from a low of $10.3m in February, almost doubling its value in two months.
FunFair’s FUN token has a market cap of just under $36m at time of writing, significantly up on the $21.5m it stood at in February. FunFair recently rolled out its new Alice Cooper branded slot.