Trading update: Gambling altcoins enjoy a strong May

Updated Apr 29, 2020 | Published Jun 6, 2019
[1 min read]
Gambling altcoins continue to outpace the wider crypto market as they enjoy a strong month of trading in May.
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FunFair’s $FUN token added roughly 10 percent during the month, and is currently trading at a market cap of around $40m. This is off the back of a number of new game releases as the platform continues to attract new players.

It has also been a strong trading period for CasinoCoin, which was valued at around $9m as recently as mid-April, but currently sits on a market cap of around $29m. CasinoCoin announced a landmark deal in May to launch a bespoke token on its blockchain for roulette manufacturer Cammegh.

The world’s leading gambling-focused altcoin by market cap remains TRONbet’s $ANTE token. Although it has lost roughly a quarter of it value in recent weeks, it still boasts a market cap of around $65m.

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CGN senior journalist 

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