Gambling tokens hit the jackpot as COVID-19 lockdowns drag on

Global developments over the past year have reshaped all aspects of daily life for most people and initiated some structural changes in how society operates. Lockdowns and travel restrictions have led to the rise of remote working and altered the way people make use of their free time.

The coronavirus pandemic essentially shut down travel and this has had a direct impact on most entertainment hubs around the world. Gambling destinations like Las Vegas and Macau were pulverized by the pandemic and most of the world’s most popular sporting events were halted or took place without spectators being present.

The charts show that crypto projects focused on gaming and gambling have seen a surge as of late and three notable projects are WINk (WIN), FunFair (FUN) and Decentral Games (DG).

WIN/USDT

WINk is a gaming platform that allows users to play, stake assets and socialize across multiple blockchain ecosystems that utilize the WIN token as their native digital asset.

The platform is built on Tron (TRX) blockchain and looks to offer a decentralized gaming experience that allows developers to create dApps.

WIN/USDT 4-hour chart. Source: TradingView

Data from Cointelegraph Markets and TradingView shows that the price of WIN has gained 720% in 2021, increasing from a low of $0.000058 on Jan. 1 to a high of $0.000477 on March 20 thanks to a record $338 million in 24-hour trading volume.

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™ for WIN first turned green on March 16 and reached a high of 69 before decreasing later in the…

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