The post This Undervalued Crypto Trend Has an $800 Million Market Cap and May Be the Best Sector to Invest In appeared first on Coinpedia Fintech News Market sentiment is soaring as Bitcoin nears $37K, and the Bitcoin halving and ETF approvals are within arms reach. As such, many...
Market sentiment is soaring as Bitcoin nears $37K, and the Bitcoin halving and ETF approvals are within arms reach. As such, many altcoins have pumped recently, with some up over 100% this month.
However, one blockchain trend is disrupting a $250 billion industry and remains under a $1 billion total market cap.
The industry is crypto gambling, and it has begun gathering significant momentum recently.
Analyst Predicts Crypto Gambling Could Be the Best Investment
Crypto Costa then highlighted its high potential, comparing it to the broader casino industry’s staggering $263 billion valuation. However, crypto casinos are amassing significant hype because they offer several crucial advantages over legacy casinos.
For instance, crypto casinos provide faster deposits and withdrawals, offer users ownership and casino revenue share, extra rewards, increased privacy, and more.
Considering its real-world utility and low market cap, this could equate to tremendous growth potential for the undervalued crypto sector. This is particularly true because many crypto casinos are already established businesses.
Looking ahead, two significant drivers could impact the crypto casino market cap: gaining market share in the casino industry and speculative and utility-driven demand within crypto.
Analyst Crypto Costa highlights these factors have already begun bolstering existing crypto casino prices. One example is market leader Rollbit, which climbed to an impressive $767 million market cap despite only launching in March.
The project is currently in its presale stage, enabling investors to get in early at a low price. However, this is not the only reason Crypto Costa is bullish; it also boasts several advantages over current crypto casinos, indicating strong upside potential once it launches on exchanges.
Anonymous Telegram-Based TG Casino Offers High Staking APY and 25% Cashback on All Losses
TG Casino is an anonymous Telegram-based casino. The anonymity it provides users is a significant advantage over market leader Rollbit, which suffers a notoriously slow KYC process.
As highlighted by Crypto Costa, the project also boasts cutting-edge tokenomics with robust utility. The $TGC token provides holders benefits like free rewards, access to exclusive rooms and games, 25% cashback on all losses, and an over 200% staking APY.
However, users looking to maximize their holdings through staking should act fast because the APY will decrease as the staking pool size grows.
Another massively anticipated feature is its buyback mechanism that will repurchase $TGC tokens from the open market with a portion of the platform’s revenue. It will redistribute 60% of these tokens as staking rewards and burn 40%. This will considerably enhance the token’s supply and demand dynamics.
While the project holds significant upside potential, a price rise is set to occur in two days. Therefore, those looking to secure the best price must be fast.