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Online slot facts that will blow your mind
When you talk about gambling games in the 21st century the first thing that will come to pretty much everybody’s mind is the world of online slots, simply because it is by far the most popular gambling option these days. In fact, you could quite convincingly argue that if it was not for online slot games that the entire online casino industry probably would not have expanded with nearly as much speed – for the best slots click here.
Seriously, there are tens of thousands of different online casino sites these days, as well as hundreds of different software designers too, and only a decade ago this just wasn’t the case at all, with only a few of the online casino veterans existing. Online slots are definitively the main reason for this, so read ahead for some online slot facts that will blow your mind.
Online slot Internet traffic
If you ever need to convince someone quite how popular online slots are in 2020 all you need to tell them is that online slot gamblers, sites and developers can frequently account for over 10% of the entire world’s Internet traffic! Can you believe it? It does sound outrageous, but that is just how many different games there are out at the moment.
Gambling analysts don’t see an end in site for the gargantuan slots industry either, especially with things like VR slots on the way. That means this percentage could be even larger in the future!
Some of the biggest jackpots of 2019
These days due to the massive amount of revenue that the online slots industry turns over each year the jackpot prizes also have a tendency to be absolutely massive too. Just take a look at some of these biggest jackpots of 2019:
- $4.92 million: The iconic NetEnt title Mega Fortune Dreams was responsible for a multimillion dollar jackpot being won by a 65 year old Scandinavian woman in March, and it was off of a stake of no more than $4!
- $5.52 million: Going down as one of the biggest online casino wins of all time, one lucky man from Newcastle was on the receiving end of 5.52 million dollars after giving the popular slot Mars Attack a few spins.
Exactly how developers make their games random
Ever wondered how online slot developers such as Big Time Gaming and Microgaming can keep their slot reels spinning randomly? Well, if it wasn’t for a little thing called an RNG – or Random Number Generator – this simply would not be possible.
The Random Number Generator is the random engine behind every time you spin the reels of an online slot, so we have a lot to thank it for.
The origins of online slots: Charles D. Fey and the Liberty Bell slot machine
We bet that the majority of slots fans in the 21st century have no idea about the interesting history of slot machines, with most people’s starting point being the Las Vegas golden age. But here’s the thing: slot machines go back a lot further than that, all the way back to the 1890s in fact, when Charles D. Fey made the Liberty Bell machine.
BNB price has noted significant gains over the past few days, surging past the psychological resistance of $300. The native cryptocurrency of the Binance Exchange has surpassed Solana to regain its position as the fourth-largest cryptocurrency by market cap. The digital currency has been rallying lately with a 7-day profit of more than 15%. Additionally, BNB has clocked a phenomenal gain of 38% in the month to date.
Binance Coin Outlook
BNB price has been on a strong bull run for the past week, breaking out of its consolidation. Even so, the asset has experienced a correction in its uptrend over the past 24 hours but remains above the crucial level of $300. BNB’s total market cap has decreased by 4% over the past day to $48 billion, while the total volume of the asset traded over the same period dipped by about 15%.
Over the past year, Binance Coin has had to cope with Fear, Uncertainty, and Doubt (FUD) on the back of the regulatory troubles of its underlying exchange. Earlier, the BNB price touched a low of $223.50, a few days after its former CEO, Changpeng Zhao, pleaded guilty to money laundering charges. However, the cryptocurrency has managed to rebound 46% in value since then.
The recent price rally has been associated with various positive developments in the Binance ecosystem, including the Introduction of the Isolated Margin Auto-Transfer Mode. This feature enables…
Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.
SOL Outlook
Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.
The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.
This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…
Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.
Catalysts Behind SOL’s Rally
Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.
The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.
Cited figures provided by DeFi aggregator DeFiLlama…
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