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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.
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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