Market Overview
Crypto remains in somewhat of a bear cycle which mostly affects the prices of Altcoins and many of the Sports Betting-related projects haven't escaped this last month. Not all too much happened last month and I continue to be focused mostly on the projects I'm actually invested in. These are some of the things that caught my eye.
There was an AMA hosted on the Wagerr Discord which is something they do each quarter and it gives some confidence that they are still working on the development moving things forward. Different things came out of it. Most importantly I would say is that they acknowledge the issue that WGR is being minted as the current system is too slow to keep sharp Sports Bettors from Getting an edge and winning WGR. The work that has been done to make things faster should help prevent this going forward making WGR potentially deflationary.
The overall numbers are still looking quite good as the overall inflation still isn't that much on a yearly basis while the overall betting volumes continue to go up which if continues should create upside pressure of the WGR Price.
There was 1 Whale bet which WGR got absolutely crushed on where WGR offered 4.95 odds compared to 4.50 which was available on other bookmakers. One of the potential major issues for the platform is them having no tools to avoid getting crushed by fixed matches (I'm not saying this was fixed but it is bound to happen that high odds like this get pounded with a a fixed outcome)
The on-chain data can be found here (Link) which saw 5.6 Million WGR being minted on 1 single event.
They are also looking to implement BNB in one way or another, work along with bookmakers that use their blockchain and they are working on some kind of NFT game that will be called Footballr for which the artwork is being done.
| Month | Total Supply Change | Change | Total Bet | Volume $ |
|---|---|---|---|---|
| July 2020 | +7,546,461 WGR | - | - | - |
| August 2020 | +7,245,966 WGR | -300,495 WGR | - | - |
| October 2020 | +9,826,294 WGR | +2,580,328 WGR | - | - |
| November 2020 | +8,191,020 WGR | -1,635,274 WGR | - | - |
| December 2020 | +8,638,879 WGR | +447,589 WGR | - | - |
| January 2021 | +9,418,870 WGR | +779,991 WGR | 570M WGR | - |
| February 2021 | +7,682,182 WGR | -1,736,688 WGR | 602M WGR | 1.2M |
| March 2021 | +5,039,730 WGR | -2,642,452 WGR | 617M WGR | 1.4M |
| April 2021 | +6,980,895 WGR | +1,941,165 WGR | 643M WGR | 3.3M |
| May 2021 | +10,224,155 WGR | +3,243,260 WGR | 702M WGR | 3.0M |
| June 2021 | +16,215,873 WGR | +5,991,718 WGR | 723M WGR | 623k |
| July 2021 | +15,156,116 WGR | -1,059,757 WGR | 742M WGR | 655k |
| August 2021 | +13,723,944 WGR | -1,432,172 WGR | 764M WGR | 853k |
| September 2021 | +14,554,864 WGR | +830,920 WGR | 794M WGR | 1.1M |
| October 2021 | +16,322,123 WGR | +1,767,259 WGR | 833M WGR | 1.2M |
| November 2021 | +19,479,805 WGR | +3,157,682 WGR | 930M WGR | 1.9M |
| December 2021 | +18,522,241 WGR | -957,564 WGR | 1.037B WGR | 6.7M |
| January 2022 | +29,269,337 WGR | +10,747,096 WGR | 1,165B WGR | 2.9M |
| February 2022 | +31,819,476 WGR | +2,550,139 WGR | 1.217B WGR | 1.1M |
| March 2022 | +28,303,524 WGR | -3,515,952 WGR | 1.284B WGR | 1.6M |
| April 2022 | +37,689,941 WGR | +9,386,417 WGR | 1.351B WGR | 1.4M |
Overall I remain with the same view that Wagerr won't revolutionize the entire Sports Betting market but there is sure is some mid-term potential for the price to pump as they are slowly but surely are getting more adopted.
It looks like there was a token release for Dexsport now followed by a gradual selloff. I yet have to take a closer look at some of these newer projects but the initial quick look I had at them didn't really get me all too warm.
Listed Projects (CoinMarketCap)
28/03/2021 --> 27/04/2022
| Rank | +/- | Project | Token | MCap | Price | 24h Vol |
|---|---|---|---|---|---|---|
| 172 | (+3) | Wink | WIN | 358M | 0.0002691$ (+10.07%) | 107M |
| 300 | (-11) | Augur | REP | 143M | 13.03$ (-18.36%) | 19M |
| 334 | (+28) | FUNToken | FUN | 116M | 0.01058$ (-9.34%) | 4M |
| - | (-) | Betfury.io | BFG | 45M | 0.02208$ (+21.65%) | 893k |
| - | (-) | SX Network | SX | 33M | 0.3279$ (-12.37%) | 301k |
| 1197 | (+6) | Wagerr | WGR | 4.4M | 0.02036$ (-14.35%) | 1k |
| 1552 | (-76) | Vanilla Network | VNLA | 1.6M | 2.77$ (-39.25%) | 2k |
| xxx | (-) | Sportbet.one | SBET | 1.5M | 0.003645$ (-15.61%) | ??? |
| 1648 | (+4301) | Dexsport.io | DESU | 1.2M | 0.01653$ (-16.6%) | 103k |
| 1960 | (-94) | Scorum | SCR | 468k | 0.01599$ (-33.65%) | -k |
| 2077 | (-85) | Blitzpick | XBP | 327k | 0.000855$ (-34.88%) | 119$ |
| 2082 | (-39) | Decent.Bet | DBET | 323k | 0.001711$ (-17.42%) | 160$ |
| 4076 | (-306) | Betswap.gg | BSGG | 63M | 0.04221$ (-0.9%) | 160k |
| 6439 | (-20) | zensports | SPORTS | - | 0.00005616$ (-71%) | 3k |
| 6244 | (+1483) | Defibet.pro/ | DBET | 15k | 0.00304$ (-41.1%) | 4.4k |
| 7584 | (-502) | Acedbets.io | ACED | 75k | 0.0000834$ (-51.45%) | 300$ |
| 7945 | (-368) | Betswamp | BETS | 28k | 0.0006822$ (-97%) | 106$ |
| - | (-) | Bitbook Gambling | BXK | - | - (-%) | - |
| - | (-) | Degens | DEGENS | - | - (-%) | - |
| - | (-) | Peerplays | PPY | - | - (-%) | - |
| - | (-) | Bethereum | BETHER | - | - (-%) | - |
| - | (-) | Stox | STX | - | - | - |
Unlisted Projects
| Project | Token | Type | Website |
|---|---|---|---|
| Fairlay | BTC | Exchange | Fairlay.com |
| Marginless | MRS | Betting Exchange | marginless.io |
| Fansunite | FAN | Sports Betting | fansunite.com |
| Mevu | MVU | Social Betting | mevu.bet |
| Gifcoin | GIF | ICO Book Profit Share | gifcoin.io |
Previous Monthly Reports On Blockchain Betting Projects
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