Billionaire David Rubenstein Compares Crypto to Gambling, Says Investors Take the Risk for This Reason

September 2, 2022 The Daily Hodl

Quantum-based random number generator for Web3 games and wallets launched

May 4, 2022 Coin Telegraph

The QRNG uses a fluctuating quantum system to guarantee unpredictable randomness, which can be used in Web3 gaming and gambling.

Researchers at Australia National University have teamed up with blockchain oracle provider AP13 to launch the first Quantum Random Number Generator (QRNG).

The joint effort will allow Web3 entities to access a completely unpredictable random number generation system that is highly secure and free to use.

Random number generators are not new, but the QRNG system is the first of its kind to generate a random number using quantum mechanics. This provides the first genuinely random number mechanism beyond the pseudo-mathematical systems currently used that may be biased or repeated.

There are several traditional applications for random numbers, such as gambling and lotteries, sports and competitions, and sampling and statistics. As more organizations look to embrace the world of Web3, a tamper-proof, true random number generator not reliant on third parties will be required.

API3’s QRNG measures random quantum fluctuations in phase and amplitude of an electromagnetic field in a vacuum to guarantee unpredictable randomness and generate the numbers. Dr. Aaron Tranter from the ANU Research School of Physics explained the process to Cointelegraph:

“Quantum mechanics predicts that a vacuum, generally regarded as the absence of 'things', actually contains particles popping in and out of existence. This is the origin of the term vacuum noise. This noise is fundamentally random and can actually be measured using a laser, optics, and some fast electronics. We measure these fluctuations and convert them into random numbers which are then served to the AWS cloud for distribution via an API gateway.”

The system is currently available as an application programming interface (API) for 13 blockchains, including Ethereum, BNB Chain, Arbitrum, Avalanche, Optimism, Polygon, Fantom, and Moonbeam. Users need not pay for the service, but there will be a minor network fee for calling the API.

Web3 and Metaverse gaming could be one of the biggest beneficiaries of such a system as games continuously rely on a degree of randomness and unpredictability to keep players engaged.

Blockchain-based gambling applications would also greatly benefit from a tamper-proof random number generator, resulting in greater trust in the betting platforms.

Dr. Tranter added that people can use random numbers for whatever application they want, from the generation of unique NFTs and artwork to automated decision making. He explained:

“For example, if you wanted to draw randomly from a pool of clients for a task then you would want to ensure that you are truly sampling randomly. This could include distribution of resources, assigning of tasks and even decentralized quorums for voting.”

He added they could also be used for crypto wallet generation since the current solution of pseudo-random number generators can often result in repetition or have complex patterns that could be exploited. “A QRNG is guaranteed to be truly random by the laws of quantum mechanics, removing this loophole,” he added.

Web3 applications that involve public participation, such as random token distribution or drawn winners, will also benefit from a tamper-proof system.

API3 QRNG is hosted by the Australia National University Quantum Optics Group on Amazon Web Services (AWS), and all data passed between servers is encrypted. Additionally, the random numbers are destroyed after use, so the firm never has access to them.

Exodus wallet integrates with SportX to enable esports betting with crypto

November 23, 2021 Coin Telegraph

Betting

Cryptocurrency and smart contracts are redefining the future of online betting. Esports, meanwhile, represent a growing market for gambling.

Cryptocurrency wallet Exodus has officially integrated with SportX, an online sports and crypto betting platform, giving users the ability to wager on esports games through smart contracts executed on the Polygon network.

The partnership, which was announced Tuesday, gives Exodus’ more than 1 million users access to SportX’s decentralized betting exchange where they can place bets on a wide range of sports and esports games using cryptocurrency. The minimum bet amount is $5, denominated in USD Coin (USDC), which can be sent directly to the Exodus wallet or exchanged from any of the 138 cryptocurrencies it supports. All markets created, traded and settled on SportX are facilitated by the Polygon network.

Currently, SportX is authorized for use in Canada, South America, most European countries excluding France and the Netherlands and throughout most of Asia.

Esports, which refers to multiplayer video games played competitively in front of spectators, has grown to become a billion-dollar industry, with mainstream developers such as Halo entering the market.

What a statement from Halo. Their re-entry into esports has been nothing short of incredible. Balanced maps, ranked play and a multi-million dollar tournament circuit out of the gate two weeks after release. Bravo @Halo.

And congratulations @OpTic on the first
— 100T Nadeshot (@Nadeshot) November 22, 2021

Although the relationship between cryptocurrency and esports is still nascent, industry observers have identified a “special connection” between the two domains. Both communities share similar demographics and employ technologies that transcend geographic locations. The financialization of gaming, also known as GameFi, is also expected to present new opportunities for the esports industry. (However, GameFi is not limited to the financialization of esports, but digital gaming more generally.)

Crypto exchanges, meanwhile, continue to expand their footprint in the esports market, with the Sam Bankman-Fried-led FTX leading the way. In August, the derivatives exchange inked a seven-year deal with Dolphin Entertainment to create nonfungible tokens that target brands in several sectors, including esports. In June, FTX sealed a $210 million naming rights deal with esports giant TSM.

NFT gaming proposition in question as regulators and traditional gaming pullback

October 19, 2021 Coin Telegraph

Coin Telegraph

The NFT gaming market is growing by leaps and bounds as gaming regulatory bodies and traditional gaming corporations shun the ecosystem.

The gaming industry is a multi-billionaire dollar market traditionally dominated by giant corporations like Atari, Sony, Microsoft and Nintendo, among others.

Throughout their history, these major firms have aimed to provide entertaining gaming experiences to attract new players and expand their market share.

However, nonfungible tokens (NFTs) are attempting to give gamers a financial incentive for playing games in the form of NFTs, in addition to providing an engaging gaming ecosystem.

These games, known as play-to-earn (P2E) games are played in a Metaverse that is essentially a fictional universe. The P2E gaming model dictates that the users of the platform are financially rewarded for their time and effort within the game. Due to this, the model has a chance to gain a portion of the $175.8 billion global gaming market that is touted to grow to more than $200 billion in 2024, as per a report by Newzoo.

Minh Doan, the co-founder of Warena, a personalized NFT game, told Cointelegraph more on the relevance of this model. He said:

“Today, we call the play-to-earn model on the blockchain GameFi — the combination of decentralized finance and game mechanics — has become a real sensation in the market due to the fact that during gameplay, users receive tokens that can grow by tens and even hundreds of times in value.”

The protocols in the NFT gaming sub-sector have been gaining a lot of traction in terms of users and volumes. Their associated native tokens have been performed extremely well too. The native token of the Ethereum-based NFT game Axie Infinity (AXS) has been leading the charge for the sub-sector. The token has posted 83.35% gains in the last 90 days, 706% gains in the last 180 days and over 73,000% yearly gains.

AXS currently changes hands in the $120 range and has risen to become one of the top 25 cryptocurrencies in terms of market capitalization as per data from CoinMarketCap, making it the only NFT gaming-related token to make the cut. The platform itself has witnessed impressive growth in terms of users and volumes since its launch. According to data from Dappradar, there has been trading activity worth $2.6 billion on the platform with 836,149 traders participating. The platform has also announced a staking program for its native token.

Cointelegraph spoke to Alex Salnikov, the co-founder and head of product of Rarible, an NFT marketplace, who explained more on the drivers of this growth noticed in the NFT gaming platforms, both in terms of volume and users. He said:

“This growth aligns with the broader acceleration of the NFT market and seems to highlight the versatility of use cases for NFTs. Also, gamification has generally been trending in crypto and it matches particularly well with the concept of NFTs that are so closely tied to interactive and fun community engagement experiences.”

He also added that the value proposition of blockchain technology is understandable and native for the gaming industry, including P2E experiences and in-game assets with clear provenance.

NFT gaming platforms grow

Even though the most utilized blockchain network for the deployment of decentralized applications (DApps) is Ethereum, in the NFT gaming ecosystem, there are several other blockchain networks like Binance Smart Chain (BSC), Polygon, Hive, Harmony, Solana and Flow that are also gaining large user bases along with growing volumes.

Salnikov further mentioned, “Polygon is generally considered to be one of the leading blockchains for gaming due to its EVM-compatibility, high throughput and low gas fees. It’s also the leading sidechain of Ethereum, meaning that it’s connected to the main NFT ecosystem on layer one.”

Cointelegraph spoke with Jesse Reich, the co-founder and CEO of Splinterlands, one of the leading NFT gaming platforms in terms of users, about the protocol’s choice of the Hive network to build their game. He said:

“People have thought our choice of Hive has been bizarre since the early days, but it has a freemium structure. Players can sign up with a username and password and get started. It's hard to replicate that on POW blockchains with gas fees.”

On Oct. 12, Binance announced a $1 billion accelerator fund for the overall development of the BSC ecosystem. Popular games on BSC like MOBOX: NFT Farmer, Faraland, ZOO Crypto World, and CryptoBlades are bound to grow as a result of this fund leading to massive adoption of the network.

Despite the growth seen across various platforms and networks in the NFT gaming sub-sector, the long-term proposition of these games could be in question, since gamers from the traditional gaming community are used to playing games that are extremely well designed. These titles also boast impressive gaming ecosystems, as a majority of them are backed by large corporations that have ample resources and development infrastructure.

At this stage, this cannot be said of the games that use NFTs, native tokens and other incentives to reward users as they are still in the nascent stage of their development and thus, are not as sophisticated. Thus, it is essential to gauge the time and effort the users of these platforms are putting in to earn these rewards on games that might not be as stimulating as the mainstream games that are relatively easy to access as well.

Reich mentioned further that “First and foremost, there has to be a game that's fun to be a mega-hit. Grind-to-earn, I'm sure, will be a thing along with play-to-earn and it'll come down to what minimum wage is someone willing to accept for computer click work.”

Doan stated that these games are a completely new generation of games that are hard to compare with traditional PC games. He said:

“This is something of a leisure economy, where users are paid to play games and can later multiply their income like real traders. The beauty of NFT games is that young people — the main target audience — easily understand trends and technical nuances that are sometimes difficult for other users.”

Hurdles ahead for blockchain gaming

Despite the rapidly expanding NFT gaming ecosystem, the traditional gaming giants are yet to adapt to blockchain technology or NFT integrations in their pre-existing games. In fact, a few of them have explicitly ruled out the possibility.

Valve recently announced the removal of blockchain games from its platform Steam and even asked users to not publish any content related to cryptocurrencies and NFTs. The Steam marketplace hosts immensely popular games like Counter-Strike, Battlefield, Halo and Resident Evil, among thousands of others.

The corporation flirted with crypto back in 2016 when they announced that they would accept Bitcoin (BTC) payments, but soon put a stop to the service, citing high fees and volatility.

In the aftermath of this ban, the CEO of Epic Games, Tim Sweeney, announced that his company is open to hosting and supporting games that use cryptocurrencies and blockchain-based assets.

Epic — the firm behind the immensely popular Fortnite — did note that developers will not be able to use the platform payment service to accept cryptocurrencies. Instead, they will need to use their own payment systems. This could become a barrier to adoption and inclusion for games without this infrastructure.

The perception held by Valve extends to regulators in the gaming industry as well. On Oct. 14, the Gambling Commission of the United Kingdom began an inquiry into one of the most popular NFT fantasy soccer games, Sorare. The gambling watchdog is evaluating whether the platform would need an operating license and if their services constitute gambling.

Sorare has categorically stated that even though it is willing to have an open dialogue and engage with regulatory bodies to explain its game, it does not “offer any forms of regulated gambling.” The platform is valued at over $4.3 billion and growing at a fast rate.

Since the entire ecosystem is at such a nascent stage in its development, it seems to be more of a waiting game to gauge the true potential, utility and long-term propositions of integrating crypto, blockchain and NFTs in gaming ecosystems.

Sony Files Patent for Bitcoin Wagering on Playstation and Other Consoles

May 19, 2021 Bitcoin.com

Nightlife comes to the metaverse as Decentral Games opens Atari Casino

April 30, 2021 Coin Telegraph

Atari

Virtual experiences are becoming the "new norm" as Decentral Games expands their virtual nightlife offerings.

Virtual land governance DAO Decentral Games is expanding into the metaverse nightlife space with the launch of an Atari-branded casino.

The casino will be the third such gambling establishment for the DAO, which purchases land in virtual worlds like Decentraland and opens digital businesses. Using brand assets from Atari, the provably-fair games are designed to be “nostalgia-inducting,” per a press release from Decentral Games.

Gamers can play with a wide range of tokens, including DAI, ETH, and Decentraland’s MANA, and a “gaming mining” program is also in effect that rewards gamblers with Decentral Games’ governance token, $DG.

Decentral Games — which previously built a number of games for Decentraland on a whitelabel basis before setting out as an enterprise DAO — is expanding into the metaverse nightlife space rapidly. Last week, they announced a digital replica of the iconic Amnesia club. To celebrate the launch of the Atari Casino, they brought in DJ Dillon Francis for a concert with 3,700 worldwide attendees:

Were you one of the 3500 people who turned up for the @DillonFrancis live set, celebrating the @decentralgames @atari Casino launch? An amazing event for the metaverse! Here's to many more... pic.twitter.com/i2BpaLwvBM
— Decentraland (@decentraland) April 29, 2021

The metaverse — a term for interlinked virtual worlds that enable in-game economies — has been a hot sector for speculators and builders as of late as the NFT space has gained traction — enough so that major players like Fortnite founder Tim Sweeny have admitted that the tech is “going places.”

The metaverse in particular might have been a unexpected winner throughout the Covid pandemic, as shutdowns led brands and consumers online.

“Lots of industries — entertainment, fashion — have been jumping on the bandwagon, perhaps because they’ve been impacted by Covid. They realize that they can connect with their customers in this new way,” said Decentral Games CMO Lee Lin Liew.

“It’s a new norm and a new market fit for us.”

China’s digital yuan could be a fatal blow for Macau casino junkets

April 22, 2021 Coin Telegraph

CBDC

Macau’s casino junket operators have already been on the rocks during the coronavirus pandemic, and some fear that they could be “faded out” following the introduction of a fully traceable digital yuan.

Beijing’s bid to better control money laundering and illicit transactions through a fully traceable central bank digital currency could pose a threat to the country’s popular gambling hub Macau.

A hotspot for tourists — of which 70% come from mainland China — the region’s gambling business could reportedly be adversely impacted by China’s use of a digital yuan to clamp down on illegal money flows and keep its capital account better sealed.

Revenues from Macau’s casino junkets — the longtime beneficiaries of Macau’s position as the only administrative region in China where gambling is legal — had already been squeezed during the coronavirus pandemic. They are down around 60% from 2019, according to Reuters.

Now, the informal intermediaries and opaque financing channels associated with the online gambling space and Macau’s junket industry are being shut down, with tens of thousands of individuals reportedly arrested for illegal cross-border gambling.

Some casino executives fear that Beijing could impose a daily or annual transaction limit — something that would be significantly easier to enforce with a digitized official currency — and further threaten the industry’s health. Customers have reportedly responded to increasing pressure from Beijing by hurrying to withdraw their holdings from junkets, sparking liquidity problems.

Luiz Lam, an investor in the junket industry, said of the tightening measures: “All these intermediary industries will be faded out or disappear right away, and this is a very likely possible outcome.”

Yet others claim that a potentially adverse impact could be mitigated if the administration feels more comfortable with allowing a higher number of tourists to travel to Macau. One industry participant, who wished to remain anonymous, told Reuters:

“If Macau cannot control the environment, China is not going to give us the tourists.”

A casino executive, again not named, said that stricter control from the center was “such a high-level policy [that] no one can really do anything. We just have to follow right and as an operator make sure our systems will be compatible.”

Robert Goldstein, chairman of Las Vegas Sands and Macau’s Sands China said that the changes may in fact “be a very positive thing for the Macau market as it becomes [...] more integrated into China and more consumer-friendly.”

China’s digital yuan has already been piloted in multiple regions and cities, including Suzhou, Shenzhen, Chengdu and Xiong’an, and Macau, too, looks set to implement the digital currency agenda. Chief executive Ho Iat Seng told the region’s legislators that Macau should “follow the pace” set by the mainland, and the Macau Monetary Authority is reportedly amending its legal framework to accommodate the digital yuan in cooperation with China’s central bank.

Meanwhile, Oriol Caudevilla, a Hong Kong-based fintech consultant, has argued that while the digital yuan is indeed “important for casinos to control [...] money flows,” its introduction should also be seen in a wider strategic context of the increased digitization and diversification of Macau’s financial sector.

Macau poised to amend laws to enable digital yuan trials

April 15, 2021 Coin Telegraph

China

Macau’s government is taking steps towards introducing a digital currency to combat tax evasion and money laundering in the gambling hub.

Macau is pushing forward with preparations fo the roll out China’s digital yuan, which could help crack down on tax evasion in its opaque gambling industry.

On April 13, Ho lat Seng, the chief executive officer of the Chinese island territory, told local lawmakers the government is planning to amend legislation that would allow the regulated issuance of China’s digital yuan to facilitate trials of the digital currency:

“We will keep communication with the People’s Bank of China and start a feasibility study around launching the Digital RMB in Macau. Therefore, we need to add provisions in relevant law to allow for the introduction of digital currencies.”

According to Ho, the introduction of digital currency will aid Macau in its fight against tax evasion and money laundering. The introduction of the digital yuan could potentially overthrow Macau’s pataca as the main currency, especially if authorities decided to make its use mandatory.

Analysts at brokerage firm Sanford C. Bernstein emphasized the increased government scrutiny that monetary flows in China’s Digital RMB will face:

“Digital RMB would allow greater government scrutiny and control over money flows. But it would also allow easier money transfer.”

Junkets are middlemen who provide Hong Kong dollar conversions and credit lines for high rollers in Macau. They reportedly hold concerns over the adoption of China’s fully traceable digital currency and believe the move could scare off high rollers, some of whom have alleged underworld ties, to other jurisdictions. This may do significant harm to a gambling industry already reeling from the impacts of travel restrictions induced by the global pandemic.

It is reportedly difficult for the Chinese and Macau governments to track taxable revenue in the industry, but according to Reuters, gambling revenue hit $36.5 billion in 2019, with the junket industry responsible for 50%.

Despite their concerns, others believe the adoption of China’s digital yuan could help with Macau's road to recovery. Victoria White of Inside Asian Gaming noted on April 2, that the adoption of the digital yuan could facilitate the movement of money for the large number of Chinese tourists who travel to the gambling hub each year, as it removes the need for currency exchange and its associated costs:

“Ultimately, this could boost overall consumer spending in the mass and premium mass markets, which are the precise segments that have been most affected by the drop in footfall and visitations since the start of the COVID-19 pandemic.”

The PBoC has conducted pilot trials of the digital currency in several cities across China since late 2019. It is exchangeable on a one-to-one basis with the yuan at some ATMs. While a digital currency is nothing new for an already relatively cashless economy, aided by the use of apps such as WeChat and Alipay, the move into a nationally recognized virtual currency increases the CCP’s ability to monitor its citizen’s financial activity.

Nifty News: NFTs go carbon-negative, top banker calls NFT investors gamblers

March 30, 2021 Coin Telegraph

carbon-negative

Nifty Gateway is aiming to become carbon negative while BNP Paribas' CEO likens NFT investing to casino gambling.

The non-fungible token rush has seen every man and his Doge flock to the non-fungible market to cash in on the recent craze for tokenized collectibles. Even celebrities one would presume to have little engagement with crypto assets have been rushing to cash in, with the likes of John Cleese, Tony Hawk, Lindsay Lohan and Ja Rule cobbling together NFTs of varying artistic merit in recent months.

However, surging NFT adoption has led to public backlash over the perceived carbon footprint associated with crypto asset technologies.

Nifty Gateway pledges to go carbon-negative

NFT platform Nifty Gateway announced on March 29 that it has plans to become carbon-negative in the near future.

In a post shared on the website of Nifty investor Gemini, the platform’s co-founders announced plans to calculate Nifty Gateway’s carbon emissions over time and purchase twice as many carbon offsets at the end of each month — theoretically making Nifty a net remover of carbon overall.

While the post acknowledged the environmental concerns regarding NFT proliferation, Nifty’s founders characterized the concerns as the product of double-standards the crypto industry is often subjected to.

“Ironically, because blockchains give the world such a transparent and accurate accounting of the energy consumption of our industry, they provide a tangible number to focus and dwell on, which has led to a double standard being applied to our industry,” the post said, adding:

“There is no blockchain to account for the carbon footprint of the traditional art world.”

Nifty will also deploy a new token minting system that will utilize Ethereum’s recent EIP-2309 upgrade that it expects to improve the energy efficiency of its token creation by 99%.

Defunct music mag to tokenize back catalog into “sustainable” NFTs

Popular music media publication Spin has partnered with corporate liquidity firm Nax to issue NFTs depicting the magazine’s acclaimed photography, claiming the tokens are environmentally sustainable.

Spin, which now operates as a media company after running as a print magazine between 1985 to 2012, will provide its full content archive to be tokenized and collected.

While the two companies have announced they will work to launch an “energy-friendly” NFT marketplace and issuance platform to host Spin’s tokens, the announcement did not make any estimates as to the upcoming platform’s carbon footprint.

Investing in NFTs is like going to the casino: CEO of BNP Paribas bank

During an interview with Bloomberg on March 24, the CEO of French bank BNP Paribas, John Egan, described NFTs among the most “risky categories of assets.”

Likening NFT investment to visiting a casino, Egan urged collectors to only purchase non-fungibles for fun:

“I don’t think we could find many more risky categories of assets at this point. I think it’s probably akin at this stage, to going into the casino. You know you’re going to spend money but maybe you’re doing it for enjoyment, for the experience.”

“If you win, you’ve got lucky and I think it’s the way we need to think about it at this point; it’s in its initial phase,” he added.

Despite the gambling analogy, Egan predicted that NFTs will become a “bedrock economic infrastructure” within the virtual economy over the next decade.

Pamela Anderson hints at upcoming NFTs

Pamela Anderson has been active on social token platform BitClout after becoming verified on March 27. The former Baywatch star is handing out signed copies of her final Playboy magazine cover from 2016 to the three biggest holders of her creator coin.

BitClout is among several platforms that have emerged to facilitate celebrity NFT cash-grabs, enabling influencers to mint “creator coins” for their fans to trade and collect.

Anderson’s coin is currently valued at more than $12,000, with the celebrity hinting that token holders may soon receive an NFT airdrop:

“My sons told me about NFTs — Who knows… I might just give a Pamela NFT to all my coin holders when the time comes ;)”

WINk (WIN) soars as retail DeFi investors flee high Etheruem gas costs

March 27, 2021 Coin Telegraph

Altcoin Watch

WINk’s low-cost yield farming offerings are attracting retail DeFi investors who have been priced out of Uniswap due to high Ethereum gas costs.

Decentralized finance has exploded in popularity over the past year and many analysts have pointed to the 2020 'summer of DeFi' as the primary catalyst for the rallies seen in Ether (ETH) and Bitcoin (BTC).

In the beginning, investors were able to easily secure 4-digit annual percentage yield (APY) on an almost endless number of attractively priced assets on Uniswap but the increased activity on the Etheruem network eventually led to unsustainable spikes in gas fees and serious network congestion.

These skyrocketing gas fees have priced out the average retail investor from participating in even the simplest protocol interactions like token approval or staking. The current Etheruem proposals do not provide an immediate solution to these issues and this has motivated investors to look for non-Ethereum-based networks that offer yield farming and other DeFi opportunities.

*Average Ethereum gas price. Source:* *Etherscan*

With no simple network-wide solution to high ETH fees planned in the near future, it is worthwhile to explore some of the other options available on competing blockchain networks.

One such option is WINk (WIN), a Tron-based (TRX) gambling platform that allows users to play, socialize and stake assets across multiple blockchain ecosystems through the utilization of the native WIN token.

Low-fee, multi-asset staking

Interacting with the WINk protocol requires a Tron wallet with about 8 TRX which is roughly $0.48 at the current price.

When compared to $40 (or more) in fees per transaction on Ethereum, the ability to make multiple transactions over several days for less than a dollar becomes quite appealing to the average investor.

Similar to many DeFi platforms, WINk's platform has many staking opportunities for tokens within the ecosystem, including TRONbetDice (DICE) and TRONbetLIVE (LIVE), which allow token stakers to earn a portion of the proceeds from the activity which takes place within those games.

According to the most recent monthly report from the project, the APRs for staking WIN, DICE and LIVE on the protocol for the month of January were 64%, 123% and 137% respectively.

With WIN currently trading at $0.000394 and DICE and LIVE priced less than $0.05, the low entry cost and price of staking and unstaking might be more appealing for the average retail investor when compared to the sky-high valuations of tokens like Yearn.Finance (YFI) and Aave.

Evidence that traders have begun to notice this opportunity can be found in the recent price performance of WIN which has rallied 700% from a low of $0.000058 on Jan. 1 to a high of $0.000477 on March 20 thanks to a record $344 million in trading volume.

*WIN/USDT daily chart. Source:* *TradingView*

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for WIN on March 18, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

*VORTECS™ Score (green) vs. WIN price. Source:* Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score registered a high of 65 multiple times on March 18 and the most recent pop to 65 occurred roughly six hours before WIN rallied 90%.

Increased activity for the cryptocurrency sector due to mainstream exposure from institutional investors and big-name influencers like Elon Musk and Mark Cuban has the ecosystem poised to see a continued influx of new users looking to earn a high return on smaller-sized investments.

Projects like WIN are well-positioned to capture some of this growth as smaller investors look for options outside the Ethereum network.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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