As a seasoned crypto investor and gambler with over a decade of experience under my belt, I can confidently say that the data presented by Cloudbet resonates deeply with me. The preference for established cryptocurrencies like Tether (USDT), Bitcoin (BTC), and Ethereum (ETH) in online gambling is not surprising given their stability and widespread acceptance.
Willemstad, Curaçao, Netherlands, October 17th, 2024, Chainwire
According to Cloudbet, a notable crypto gaming and sports betting site, recent findings indicate that less conventional, quicker cryptos like Solana, Polygon, and Tron are not widely favored among online gamblers compared to traditional coins. The data from the platform suggests a preference for established digital currencies such as Tether (USDT), Bitcoin (BTC), and Ethereum (ETH) in this context.
As a researcher analyzing the data, I can confirm that USDT has dominated our platform this year, accounting for approximately 47.3% of the overall turnover. This figure was calculated across over 35 different cryptocurrencies listed on our platform. Bitcoin comes in second place with a 28.9% share, while Ethereum holds a 11.5% stake in the total transactions.
Coins such as Solana (SOL), Litecoin (LTC), Ripple (XRP), and Tron (TRX) that offer quicker transaction speeds are experiencing increased adoption, yet they are not quite catching up with their more established counterparts.
A representative from the company emphasized, “Upon examining the data, it struck us that cryptocurrency gamblers and regular investors share similarities. Just like everyone else, they’re worried about market volatility and price changes, regardless of whether they engage in gambling with crypto or not.
In June 2024, Cloudbet introduced an innovative rewards program that granted users rewards in USDT without any rollover requirements. Recently, Cloudbet has unveiled a revised version of their rewards system, dubbed Cloudbet Rewards 2.0. This updated program now allows users to receive rewards in the cryptocurrency of their preference. While most users will continue to receive rewards in USDT, this new feature offers Cloudbet users the financial freedom to play with various digital currencies.
A Cloudbet representative expressed curiosity about how people will utilize the flexibility of our rewards program. The initial version has already proven popular with our users and spurred growth over the past quarter, but it’s possible that users might begin wagering with PONKE or other memecoins to support emerging cryptocurrency projects, particularly if they believe in their future potential.
Since it was established as the first licensed Bitcoin casino in 2013, Cloudbet has been a spectator to the maturation and transformation of cryptocurrency gambling trends. As we approach the end of nearly a decade in this field, our spokesperson explains that the majority of crypto gamblers are now focusing on stability.
Volatility is an essential measurement in both crypto trading and gambling. By enhancing liquidity, strengthening blockchain security, and employing various tactics, one can effectively control and decrease a coin’s volatility. Essentially, gamblers using highly volatile coins may experience the sensation of winning, only to have their winnings shrink due to price drops,” explains a representative from Cloudbet.
About Cloudbet
Cloudbet is a proud pioneer of crypto betting.
Ever since it began operations in 2013, Cloudbet has stood out as the pioneer in cryptocurrency-based sportsbooks and casinos. Over the years, it has catered to hundreds of thousands of users, processing millions of bets, thereby earning a strong reputation as the most reliable, secure, and luxurious choice among crypto gaming enthusiasts.
At Cloudbet, you have the opportunity to wager using over thirty different cryptocurrencies. These include well-known options like Bitcoin, Ethereum, as well as stable coins such as USDC and USDT. Additionally, you can bet with emerging altcoins like SOL and others that are currently trending. The platform is accessible in a total of eighteen languages, including Spanish, German, Italian, French, Japanese, and more.
As a researcher delving into my study, I invite you to reach out for further information, insights, and probabilities by addressing your queries to irene@media.cloudbet.com. Alternatively, you can explore more on our platform at media.cloudbet.com.
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Irene
Halcyon Super Holdings B.V.
irene@media.cloudbet.com
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2024-10-17 22:32