Due to the growing appeal of cryptocurrency in the global scene, several sectors within the crypto industry have begun to experience dramatic growth. There is a spike in the demand for legal means of earning crypto and multiplying holdings. One of the sectors positioned to capitalize on this trend is the crypto gambling market. Platforms enabling betting features offer users improved gambling experience by incorporating the transparent and distributed nature of blockchain technology. And so, the crypto gambling world is home to a broad array of betting platforms optimizing conventional gambling activities with elements of cryptocurrency.
Although the budding gambling sector is laced with a wide variety of spectacles, our focus in this article is on price prediction platforms. As their name implies, price prediction platforms are gambling sites where users forecast the short-term price movements of crypto assets for a chance of earning fiat or cryptocurrency. One of the mains reasons why these platforms have managed to retain their appeal is because they have maintained a simple betting scheme based on the aggregated prices of digital assets. Below are some of the prominent betting sites operating in this crypto niche.
AlphaPlay is a p2p betting platform designed to provide players with the tools to forecast and stake their money on 5-minute price movements of selected cryptocurrencies. Coins supported for bets on this platform include Bitcoin, Ethereum, Tron, and EOS. To increase the trust factor of the game, AlphaPlay implements smart contract functionalities to ensure that players instantly receive the payment of all winnings into their wallets. Additionally, users are not directly engaging with the crypto market, so there will not be any questions from regulators. The platform offers 1000$ demo money with no registration to check how the platform works.
Apart from enabling a means of doubling deposited funds, the platform has introduced the ALPHA ERC20 token sale where the platform’s token holders and users earn extra income. The platform kicked off its token sale on April 26, and it will end on the 8th of August. With this in place, the loyalty program awards 6% of the platform turnover to token holders, while members of the referral scheme earn 4% of the turnover. All users are earning the remaining 90% of the turnover as prizes.
Like AlphaPLay, Moonrekt, a product of Hxro, enables peer-to-peer price prediction gaming features for crypto holders looking to test their price analysis know-how. According to the team, MoonRekt provides an alternative way for traders to interact with the crypto markets. Hence, traders identify the directional movements of supported cryptocurrencies during a pre-defined timeframe. After creating a betting contract, traders predict whether prices will go up or fall. Subsequently, the platform compares the closed price at the end of a contract to the locked price at the beginning to decide whether the trader wins the bet or not.
On this platform, players bet on trading pairs, which include BTC/USD, BNB/USDT, and ETH/USD. Depending on the trading pair picked, players can either choose to bet with BTC or the HXRO token. Furthermore, the betting timeframe ranges from 1 minute to 24 hours. Also, MoonRekt has an affiliate program where users earn up to 10% of the service fees of referrals.
Although Coinratecap primarily offers crypto price aggregator tools, it, however, operates a bitcoin price prediction game. This game lets users predict the price of bitcoin within a 15-second timeframe. What separates this platform from the rest is that, in addition to accepting bitcoin, it allows players to deposit US dollars through PayPal or credit card payment. After depositing, players can stake between $1 and $50 to play the prediction game. Once the player stakes an amount and enters a prediction, he or she stands a chance of making 50% profits.
Importantly, the platform allows instant withdrawals to bank accounts or bitcoin wallets. Besides, users can earn 5% of referrals’ stakes when they join the websites’ affiliate program.
Another platform designed to provide price prediction gaming functionalities is Tomorrowrpice. Unlike others listed so far, this website restricts its product to a 24-hour bitcoin prediction contract. Every player must subject their deposits to a 24-hour price forecast. Likewise, players with incorrect predictions do not lose money. Instead, the platform, via smart contracts, deposits players’ stakes into Compound and distributes the interests to winners. Another unique feature is that it only accepts users to deposit DAI. Furthermore, the minimum deposit is set at 100 DAI, which is the cost for one betting ticket.
In cases where there are no winners, the platform accrues the bonus and adds it to the reward for the next round of betting. Since the game operates on the principles of decentralized finance, there is no need for KYC.
SwissBorg prides itself as the ideal platform for crypto traders. It offers two interconnected applications, the Wealth and Community app, which provide the indicators and features needed to make the right crypto investments. Primarily, crypto traders can network and learn more about complex concepts of cryptocurrency on the Community app. However, the best bit of detail about this app is that it offers gamified means of becoming an experienced crypto trader. On this app, users can make 24-hour price forecasts of bitcoin without endangering their finances.
In other words, players learn the basics of technical and fundamental analysis by predicting prices and earning bitcoin as a reward. To spend this reward, users must download SwissBorg’s Wealth app, which offers optimized portfolio management and price prediction features.