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SOFTSWISS shows the cryptocurrency statistics of 2022 Q1
SOFTSWISS corporate report statistically shows the increase of the cryptocurrencies.
As SOFTSWISS allows using cryptocurrencies while gambling, it keeps up with all tendencies related to crypto. The report demonstrates the outcomes of the 1st quarter of 2021. SOFTSWISS team shows important facts of the crypto wagering business in our days and in the near future.
The double Growth Crypto Bets
Report also shows the growth of cryptocurrencies. According to the statistics, in the first quarter of this year, the number of bets in digital coins is twice more than in comparison with the exact period of time in 2021, it grew exactly by 116.7%.
SOFTSWISS’s Chief Operating Officer A. Starovoitov said:
“The fact that cryptocurrency grows in the field allows us to state that crypto wagering is becoming more independent. The companies that let players use cryptocurrency have more benefits.”
The difference between Crypto and Fiat Currencies Bet Share
Results of Studying many currencies sees that fiat currencies are remaining as the main ones, though cryptocurrencies are still growing every quarter. In comparison with 202, the share of crypto during the Q1 of this year grew by 10%, and at the exact period of time in 2020 it went up by 29%. If the same results keep happening the share of crypto and fiat currencies will most definitely equalize in 2023.
Bitcoin is dropping
When it was presented by SOFTSWISS, Bitcoin became the most preferable cryptocurrency, but it saw a drop during the Q1 of 2022. This is because attentiveness in Ethereum and Litecoin is getting more. Their share went up by 3.45% and 2.95%. The exact share of the top three cryptocurrencies of the 1st three month of this year are:
- Bitcoin, 72.80%
- Ethereum, 13.45%
- Litecoin, 6.45%
“It became clear that bitcoin will be the most favorite cryptocurrency. In addition to this, the strengthening increase of altcoins shows curiosity in modern and high-tech altcoin. For example, it is possible to see an important investment in new technology such as Ethereum. Clients will prefer a variety and it is a good thing for the development of the business.”
added A. Starovoitov.
Complete list of most used coins and their comparative analysis can be seen in the SOFTSWISS report.
The coming times of Crypto Gambling
From the report we can tell that the cryptocurrencies will see more growth. ‘Diversification of cryptocurrencies’ will be very popular in this field. The adjustment of the classical casino will identify with the evolution of crypto wagering.
In the words of A. Starovoitov the adjustment of the classical casino will bring more operators to the crypto wagering niche. And we are going to see an increase in the industry in the coming years.