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What is a gambling cryptocurrency?
A gambling cryptocurrency is a cryptocurrency which has been created to serve a purpose in the world of gambling, casinos, sports betting or other, related areas.
Many different cryptocurrencies look to serve different purposes in the fast-growing gambling industry.
Some cryptocurrencies are used to gamble at casinos and sports betting sites.
Others use blockchain technology to provide decentralised gambling and casino platforms.
Others still have all sorts of uses, such as helping to show that the results of a game can be trusted, serve as loyalty tokens at a casino, or provide the holder with a share of the profits of a casino.
What are the most valuable gambling cryptocurrencies?
The table above shows the most valuable gambling-focused cryptocurrencies by market capitalization. The most valuable gambling-focused cryptocurrencies change over time, but some of those which are often found at the top of this list are FunFair, CasinoCoin and WINk.
Are gambling cryptocurrencies a good investment?
We cannot provide investment advice, but we like the outlook for gambling cryptocurrencies.
The global gambling sector is big business. It is estimated to be worth more than $565 billion by 2022. We can see big opportunities for cryptocurrency gambling projects to grab a nice slice of the industry over the coming years.
The current market cap of the entire cryptocurrency gambling sector is still relatively small; around $200 million at time of writing. The largest fiat currency gambling companies are worth several billion dollars, but the largest cryptocurrency gambling companies have market caps in the tens of millions of dollars. That hints at big, upside potential.
At CryptoGamblingNews.com, we regularly analyse the prospects for the crypto gambling sector. Here are a couple of articles looking at the long-term outlook for gambling-focused cryptocurrencies:
Where do you get the data for the price of gambling cryptocurrencies
We take the data for the above table from Coingecko.
Why isn’t a particular cryptocurrency listed here?
If you believe there is a gambling-focused cryptocurrency which should be added to this list, please get in touch.
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