TRADING UPDATE: 12 AUGUST – 18 AUGUST

TRON-based casino WINk has impressively seen another price bump after a big hike last week. The operator's $WIN token jumped by almost 10% to a market capitalisation of over $38m and the signs are there that the new, improved platform and management changes have started to work their magic.

It's been well documented that WINk has seen its fair share of controversies in recent months, but the recent period of quiet has coupled with a consistently well-performing token, which players and stakers both benefit from using the casino's dividend pools. It only recently rebounded to the top of our rankings, but with it now roughly $5m clear of FunFair, it looks set to stay there for a good while yet.

FunFair also saw a highly positive week's trading, with its proprietary gambling token, $FUN, rising by 17.1% to lock down its silver medal position on these rankings. Although there has been no significant news from the blockchain supplier in the last week, it's clear that the project is on the right tracks and its community seems to have much confidence going forward, particularly following its ambitious recent Q3 update.

Players are surging towards its client casinos, including CasinoFair, and its game content consistently grows and delivers, with the most recent offering Legend of the Ninja another big hit. You can see the workings of the premium blockchain casino in more detail in our ‘double up' challenge.

Our biggest riser this week was BetProtocol and its $BEPRO token. Seeing gains of almost 50% in just one week is unheard of generally, but it should be noted that with a relatively small market cap, these movements do occur after whale action. Saying that, BetProtocol has been transparent and ambitious in its targets of late, with its recently launched esports portal proving to be a big hit with the community and traders alike.

We often look to see the performance of the likes of bitcoin and Ethereum when analysing gambling token performance and often struggle to find a correlation. However, it does appear that signs of a performance lag are there, with traders likely diversifying gains from recent BTC spikes into altcoins, of which gambling projects tend to benefit. Bitcoin was fairly stable in the past week, though Ether jumped by 7% to $424 despite recent issues with gas prices.

 

  • WINk (WIN)
    • Market Cap: $38,488,303
    • 7-day change: +9.8%
  • FunFair (FUN)
    • Market Cap: $33,611,688
    • 7-day change: +17.1%
  • CasinoCoin (CSC)
    • Market Cap: $25,537,744
    • 7-day change: -6.1%
  • Wagerr (WGR)
    • Market Cap: $7,542,474
    • 7-day change: +18%
  • BetProtocol (BEPRO)
    • Market Cap: $3,417,767
    • 7-day change: +45.9%
  • TrueFlip (TFL)
    • Market Cap: $2,084,818
    • 7-day change: -10.3%
  • Edgeless (EDG)
    • Market Cap: $1,228,517
    • 7-day change: +11.4%

Looking for your next crypto casino? Check out: Bitcasino, 1xBit or FortuneJack.

Written by Tudor

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