Again a week with a lot of movement in the market and interesting developments
WINK Price & Profit Taking
As for reasons why the price pumped, I guess it's crypto being crypto. WIN is a "cheap coin" at 0.0004$ which always helps to get crypto noobs involved who don't understand the concept of market cap. A new HI-LO game was introduced on the site and RAKE from now on will be paid out once it reaches 300k TRX to save on transaction processing power.
It does very much feel right now that the train has pretty much left the station and we are in bubble territory. Under 10% of the total supply is frozen to collect Dividends which at the current price based on the 100-day moving average give a APY of around 10%. Wink.org does seem to be the most adopted crypto casino that pays dividends to token holders and it could potentially get a lot more traffic still if there is a bigger mainstream crypto adoption at some point. I guess a lot of that is being calculated into the price
SBET Dividends
SBET on the other hand still only has a really small market cap with a lot of upside price potential with also more risk of it going to zero. Whale betting action seemed to have decreased a bit last week with dividends dropping despite the sportbet.one site reaching back above 100 individual users last week.
If I hadn't had my bags filled already, I would cost-average my way into it at this price point for sure being fine with the risks of it never really taking off.
Personal Gambling Dapp Portfolio
My personal gambling dapp portfolio after taking some profit currently is at at 20M WIN / 1.1M SBET / 10k TRX / 2271 RAKE. I continue to be interested in adding another gambling dapps that pay the losses from the gambler to those holding a token that can't be mined. So far I haven't found another good one yet. This was the 3rd week in a row getting over 50$ in Dividends.
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