Gambling Dapp Report | Prices & Dividends Holding up!
One of the main things I like about the Gambling Dapp coins is that they actually have a product that is being used and revenue, unlike most other crypto coins that purely go by hype and future potential. In times like this when the market crashed these coins where the values are actually based on numbers tend to hold up much better which showed. On the downside, they have less potential to do crazy 10x-100x gain in a short period of time unless there would be quick mass adoption which is unlikely to happen as onboarding goes like one user at a time so far. For me, these coins are a nice diversification of my portfolio that at the same time bring some really nice passive earnings and the biggest risk that are the potential regulatory issues.
The Dividends from staking SBET from Sportbet.one surprisingly managed to hold up pretty well since the same whale as last week continues to be active. The EOS price did have a dip which influenced the price as it is the only trading pair but SBET went up +13.52% versus EOS. The amount of funds in the sportbet1bet account did go up quite a bit in dollar value which indicates that the site is making a good profit overall. SBET remains one of the tokens I see as having a very good risk/reward factor at the current market cap which is still below 2 Million and I plan to just hold on to my stack until the point where I believe it becomes overvalued. In the meantime, I just continue to collect good passive earnings week-by-week which is what I have done for over 100 weeks since I first started cost-averaging into it. Right now based on the current price (from monday) and the dividends of last week it provides a weekly return of +1.118% which can come falling down easily in case some whale activity would decrease.
The price of the BFG token from Betfury.io did not suffer from the market crash whatsoever and the 100k BFG I added last week at an average price of 0.023$ while it never dropped below it and now even went up to around 0.028$. So it looks like it was another good accumulation entry point. The returns themselves are coming down below 100% yearly as expected which had a lot to do also with the prices of the coins that are being paid as Dividends. There was also another token burn which made it so that the supply didn't inflate this week.
WIN from Wink.org remains somewhat the ugly duck of the 3 right now and I'm glad I am fully freerolling this one after taking some profit on the pump that happened quite a while ago. The Price tanked along with the crypto market by over 30% and the dividends also were really poor last week.
APY Based on Current Price and Dividends from the last 7 days
| Project | APY |
|---|---|
| Betfury.io (BFG) | +80.01% APY |
| Sportbet.one (SBET) | +58.14% APY |
| Wink.org (WIN) | +3.64% APY |
Note: Token prices going up or down have a major influence on the actual returns going forward either amplifying them if they go up or destroying them when the price goes down.
Personal Gambling Dapp Portfolio
The dividends managed to hold up quite well despite the poor week for Wink and the coins that the dividends are paid in having seen a drop in value. The fact that I added 100k BFG last week also helped not to feel this dip as much. For now, I am holding 14M WIN / 4M SBET / 400k BFG/ 10k TRX / 22 LIVE | 2271 RAKE. I continue to be interested in adding other good gambling dapps that pay the losses from the gambler to those holding a token that can't be mined, so if you have one on your radar make sure to let me know...
Full Guides to Decentralized Crypto Bookies I personally use where no KYC is required allowing anonymous betting from any location without individual limits for winning players...
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|---|---|---|---|
| Betfury.io |
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Posted Using LeoFinance Beta
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