FunFair, the world’s leading gambling-focused cryptocurrency by market capitalisation, has hit a 2019 trading high, with its total value exceeding $30m for the first time this year.
FUN tokens have surged more than 12 percent in trading over the past 24 hours, with a volume in excess of $2m traded during that period. At time of writing, the price of one FUN was equal to $0.005003, according to data from CoinMarketCap.
As with all cryptocurrencies, FUN is trading well below its all-time high of more than $800m, achieved in January 2018.
But investors appear to be encouraged by the progress being made by the team.
Last year, it rolled out its first casino powered by FUN, CasinoFair, with FunFair COO Stefan Kovach telling CryptoGamblingNews.com that it would “act as a showcase for the FunFair protocol and demonstrate a true use case of blockchain’s benefits for the gaming industry”.
CasinoFair has been driving acquisitions with a range of new product launches and bonuses, including the recent release of the Alice Cooper School’s Out slot game.
FunFair has also outlined an extensive roadmap for the first half of 2019, with Q2 highlights including the launch of its first white-label casino in partnership with Rake the Rake.