No one expected that 2022 would be a turning point for the cryptocurrency market to fall from heaven to hell. In May, the Luna coin, which was once popular all over the world and once ranked among the top ten virtual currencies in the world, suffered an epic crash. In November, FTX, the world’s second-largest virtual currency trading platform, declared bankruptcy. The successive shocks in the cryptocurrency circle have made people wonder whether cryptocurrency technology, once hailed as the future of online gaming, is still worth looking forward to.
· First of all, let’s understand the advantages of using cryptocurrency to bet on online casinos (including sports betting such as cricket). Compared with traditional betting methods, it provides services such as anonymity and convenience. The encrypted gaming casinos have higher accessibility, and the diversity of payment functions is also the most commendable.
· However, according to a report released by the encrypted gaming platform Cloudbet, the number of bets on the FIFA World Cup hit a record high, reawakening the public’s confidence despite the decline of cryptocurrencies. At the same time, the report also pointed out that blockchains with promising prospects include Ethereum and Bitcoin-level BNB smart chains.
· Looking ahead to 2023, can cryptocurrencies regain their glory? Kevin Svenson, a long-term cryptocurrency analyst and expert, revealed that this bear market will see its end in April 2023 and will welcome the turning point. What will be the result? The answer will be revealed in half a year’s time.
In conclusion, there is no need to doubt the strong advantages of cricket crypto betting. All we can do is wait for the market to reverse. When cryptocurrency wins people’s confidence again, cricket crypto betting will still be the favorite of players. Until then, it is the wisest decision to choose a reputable traditional cricket betting site.