Trading update: Gambling altcoins enjoy a strong May

Jun 6, 2019 | ICOS & Trading

Gambling altcoins continue to outpace the wider crypto market as they enjoy a strong month of trading in May.

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.