As cryptocurrency continues to grow and attract new people to use it, so does the number of people using crypto for sports betting. There are many ways that people can use crypto and betting is just one of them. Here (smartbettingguide.com) you will find all best crypto sports betting sites and top rated cryptocurrencies.
The betting industry is going to play a big role in the development and advancement of cryptocurrencies over many years. One of the main reasons for this is because, with the betting industry, people are not just spending money if they win they are also receiving it back.
This means that anyone who is involved with crypto betting is buying currency, then they are spending it with bookmakers and then potentially winning it back from their bookie. When many people win they look for ways to treat themselves and spend their winnings, so these people will then be looking to spend their crypto with other companies.
It is a great way to get people buying, spending and using crypto on a regular basis. With that in mind, it is time to take a look at the top 10 cryptocurrency 2021 for sports betting and how they may shape the future.
#10 Tezos
Tezos was released in the middle of 2018 and it is the first cryptocurrency that we are going to look at here. With a Tezos value market capitalisation of $1.5 billion, the initial steps have been good and taken less than two years to get to this stage.
However, the problem that Tezos will face in the next five years is similar to what many other smaller cryptos will see and that is getting their name out there. If this happens, we will see a rise in the value of this coin, and it will become more appealing to those placing sports bets but that is unlikely to come for quite a few years.
#9 Binance Coin
Binance Coin is a token that is Ethereum based and was launched back in 2017. Within the first 20 days of release, around $15 million worth of Binance Coin tokens were sold. With a market capitalisation of $2.4 billion at the start of 2020, in just three years we have seen some solid strides made by this currency and the expectation is that these strides will continue in the future.
Although it would take a lot for a real rise in the value of this coin, especially because others are better known and more likely to receive a boost from other industries, a steady rise would be no surprise.
#8 EOS
EOS was released back in 2018 and came to us via Ethereum, which makes it a little different to many smaller cryptocurrencies, which came via forks from Bitcoin. A private company were behind the development and creation of EOS, though it was released as open-source software when it hit the market in 2018.
A total of 1 billion EOS coins were put onto the Ethereum blockchain by block.one the creators of EOS and since then we have seen steady growth. The market capitalisation in early 2020 was $2.4 billion and while it is a good start, things are unlikely to expand at any time soon for this currency.
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Topic: Top 10 Cryptocurrency for Sports Betting 2021 (Read 3635 times)