TRADING UPDATE: WINk jumps 20% in a week

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Updated September 21, 2022 | Published September 2, 2020

2 mins read

One of the pioneering crypto casinos, WINk, has almost hit $40m in market cap over the last week as its WIN token jumped by 19.47% in price.

With healthy volume over the past day too, it looks as though the operator is turning round its fortunes following a turbulent middle of the year.

Its recently hired CEO, Lucia Wong recently held an AMA where she informed the community of the latest goings on at the project, and this, along with a recent buyback announcement, may have contributed to the price hike.

Across the board, crypto casino-related tokens have generally seen mixed results. FunFair Technologies, provider to CasinoFair, is maintaining trading support for its FUN token, with daily volumes consistently hitting seven figures, while fellow supplier Peerplays saw its token rise 18% in the past week.

One of the better performing tokens was WGR, the proprietary cryptocurrency of blockchain sportsbook Wagerr. The token hopped over the $10m market cap line with a 15% seven-day bump as it continues to enjoy a return to sporting action following a quiet summer, and other crypto sportsbooks like Cloudbet and Sportsbet.io seem to be enjoying some normality too.

Volume traded across the board for crypto gambling tokens has generally been low of late, only bucked by proven, live products found at FunFair and WINk, but we can expect this to change as suppliers and casinos move closer to white paper promises through development and player acquisition.

Gas prices also continue to cripple much of the Ethereum blockchain, on which many crypto casinos operate. And so long as this continues, players may look elsewhere to find faster, more cost-effective gambling options.

Tudor

Works as a developer and helps keeps the digital cogs turning. Leave them alone, they're busy.

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