The value of popular gambling tokens has risen markedly during the coronavirus pandemic, with WIN gaining 720% in value in 2021 alone.
The coronavirus pandemic hit across all sectors, even entertainment. Yet, not all aspects of the entertainment sector have fallen and while gambling destinations such as Macau and Las Vegas killed the lights for months, the virtual strips known as online gambling casinos kept on blinking away seductively across the world.
Some of the biggest winners here were gambling tokens, or the special currencies designed to decentralize, boost and improve the overall gambling experience.
Projects such as WINk (WIN), FunFair (FUN) and Decentral Games (DG) all posted significant gains over the past year, exemplifying the staying power of such tokens.
WIN gained 720%, increasing from $0.000058 on January 1 to $0.000477 on March 20, CoinTelegraph data revealed.
Another successful project is FUN, which has enjoyed significant gains. The token went from $0.0048 on January 1 to $0.059 on February 3 and trading volume shot up from $2m to $93m.
FunFair Technologies, the company behind the solution, had its qualms that the token is moving too slowly but 2020 and 2021 proved real game changers for the company, reporting significant gains. Community engagement increased as well and there were numerous contests that distributed many FUN tokens.
The project also announced its first xDAI (STAKE) game known as “Payloads!” which was followed by a 60% price rally earlier in March.
Last but not least come Decentral Games, which is one of the newer projects on the blockchain network and which brings a lot of opportunities to consumers.
The DG token has surged over $4,300 to hit an all-time high of $621, mostly because the company is focusing on a type of traditional gaming experience and not so much pure gambling. Decentral Games did partner up with Atari, bringing net benefits to both projects.