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Stake.com integrate Tron – billions of bets expected in 2020
Well on their way to 13 billion bets, Stake has fast become the world’s biggest crypto casino since their 2017 launch.
Tron is the newest addition to their platform, which is already catching the eye of the market through their brilliance in simplicity, as well as their newest sports product.
With 13 billion bets already across their casino and sports platforms, there is potential forStake to take over one billion bets with Tron within the next 12 months.
Implementing Tron was a no-brainer to go alongside the goal to incorporate a more efficient coin into their platform.
With a transaction fee of almost zero and the ability to process 2000 transactions per second, the effectiveness and efficiency of this network is something that has attracted major players in the industry; none bigger than Stake.
A unique part of the network, Tron has its own extension on the web – TronLink. Recommended and backed by the TRON Foundation, the recent extension sees the independent currency partner with the first and most popular Tron wallet.
No longer solely a casino, Stake has begun to revolutionise the crypto sports betting landscape through their design and in-site atmosphere.
With some sportsbooks taking up to 500 million bets per year, Stake have set a precedent with 12 billion bets on their platform, as well as over 40 billion on their secondary platform, Primedice.
This highlights the potential that their newest currency could have on their platform, with a vision to make the most of their huge following within the industry.
Stake could quickly become the biggest crypto sportsbook in the world, accompanied with their new currency that will see it get the recognition they had hoped.
But the release of a sportsbook will not seem to hurt their casino reputation, with their version of Slots being a huge hit amongst the community, and the vision to release more as 2020 rolls on.
The company’s casino success as well as their track record on partner site; Primedice, sets Tron up to be a part of their continued plan to set the bar for crypto gambling.
With Tron’s market cap of nearly 1 billion, Tron’s latest introduction into the world’s biggest crypto casino looks to be prosperous.
Polkadot price has been under intense pressure for the past few days amid the recent bearish sentiment in the crypto market. At the time of writing, DOT was barely unchanged, trading at $5.351. The altcoin has dipped more than 25% for the past month but remains 24.23% higher in the year to date. The asset’s total market cap has slipped over the last day to $6.343 billion, ranking it the 13th largest cryptocurrency.
Is the Worst Yet to Come?
Polkadot price has been consolidating for the past few days amid the recent sell-off in the crypto market. Statistics by Coinmarketcap show that the global crypto market cap has dropped 1.29% over the last day to $1.13 trillion, while the total crypto market volume decreased by nearly 7%.
The biggest cryptocurrencies, Bitcoin and Ethereum, have been in a freefall for the past few days, falling to $26,880 and $1,807, respectively. Most altcoins, including BNB, Cardano, Solana, Shiba Inu, and Avalanche, have plunged seeing that most altcoins move in tandem with the performance of heavyweights Bitcoin and Ethereum.
Looking ahead at the global market mayhem with the US debt ceiling debate and the US banking crisis, investors expect more downside in the crypto market. The US dollar has continued growing stronger, hovering around a six-month high against the Yen, as optimism around the US debt ceiling talks in Washington raised expectations of higher-for-longer interest rates.
Two…
Bitcoin price was headed for its worst week since November 2022 on Friday as volatility, buoyed by low liquidity continued to outweigh crypto markets. Bitcoin has dropped below the crucial support level of $26,500, changing hands at this level. The asset’s price has dipped by more than 11% in the past week, while its total market cap inched lower to $516 billion.
Fundamentals
Bitcoin price has been on a downward trend for seven consecutive days amid congestion in the network’s system and the regulatory crackdown on cryptocurrencies. The digital coin has been struggling to gain bullish momentum for the past few days. Bitcoin is currently up by 60.54% in the year to date, but its prices have remained volatile.
The crypto market has been battling low liquidity, regulatory crackdown, and macroeconomic concerns. Data by Coinmarketcap shows that the global crypto market cap has slipped to $1.11 trillion, down from $1.27 trillion earlier in March. Bitcoin’s dominance has also inched lower in the past few days.
The regulatory crackdown on cryptocurrencies has ramped up since the fall of crypto exchange FTX. Ripple Labs has been in a lawsuit against the US Securities and Exchange Commission (SEC) over the last year over concerns about its native coin XRP. Additionally, SEC recently warned Coinbase over potential securities law violations. Binance, the largest cryptocurrency exchange platform, was recently accused of violating trading rules by the Commodity Futures and…
Shiba Inu price has been in the red for the past two consecutive days as investors shift their focus to the Federal Reserve’s two-day monetary policy meeting. The SHIB price has slipped nearly 4% over the past 24 hours, dropping below the important level of $0.00001. SHIB’s total market cap has dropped by 3.31% in the last 24 hours, while the total volume of the coin traded surged 86%. Shiba Inu currently ranks as the 15th largest cryptocurrency after Binance USD and ahead of Avalanche.
Fundamentals
Like other digital assets including, the largest – Bitcoin, Shiba Inu price has been under intense pressure since the start of the week, erasing some of the gains made in last week’s sessions. The cryptocurrency market has been on a downward trajectory ahead of the Fed’s interest rate decision for May.
The global crypto market cap has decreased by 4.30% over the last day to $1.17 trillion, while the total crypto market volume jumped by 43%. Bitcoin’s dominance has also slipped. Bitcoin and Ethereum have each plummeted by more than 5% in the last day, weakening the overall crypto market sentiment. Most altcoins tend to move in tandem with the heavyweights’ performance.
The focus is now on the meeting of the Federal Open Market Committee (FOMC) set to end later on Wednesday. Markets are anticipating a 25-basis point interest rate hike in May as the Fed battles persistent inflation. Notably, investors…
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