I have always had somewhat of a soft spot for Betterbetting and have covered it frequently in my monthly Sports Betting Crypto Projects Reports (See Latest Report) which go back to 2018 (See First Report). It was one of the rare projects where I felt that the developers actually understand the betting market and the product that made was one I actually used and liked. Unfortunately, the high gas fees on the Ethereum network put them in a situation where it became impossible. There was some talk to switch to another blockchain (EOS being one of them) but that fact that it would bring about a lot of work and risk since there is no guarantee of those having a network effect. This left Betterbetting and their token in somewhat of a limbo state with not much going on and the BETR token dropping to a point where the market cap was around 50k $ only. I wrote this one one of my old reports...
Some news was brewing which I mentioned about 2 weeks ago in my last report...
So the news came this morning in an announcement that Betterbetting will be merging with Funfair.
The conversion rate will be 4 BETR for 1 FUN with FUN currently trading at around 0.04$ making it so that what was a 50k$ Market Cap of BETR now is around 3 Million $
I'm quite pleased that my gamble on BETR having "diamond hands" with things looking quite dead paid off and I will bring further updates on Funfair taking a much deeper look into it now bringing another update in my newt Crypto Sports Betting Blockchain report.
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Amazing! This is such a great story right now, as I just jumped on the #FUN train over at Freebitcoin and I think the combined effect of these two developments is going to be HUGE for the FUN token's price trajectory. Thanks for sharing... I hadn't heard of Better Betting before.
I never really had a closer look at FunFair as it mostly seemed to be about casino games. I'm a lot more interested now that they merged with Betterbetting bringing over their technology which worked quite well from what I can tell having actually used it in the past. Should be interesting how it all evolves.
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Nice.
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@tipu curate 2
Upvoted 👌 (Mana: 39/78) Liquid rewards.
Nice hit! Your "bet" paid off. No pun intended.
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Thanks, these low-cap coins are very similar to high-odds longshots in betting, I also bought BETR some when market cap was quite a bit higher very early on in 2017 which offsets the profit a little bit.
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