The innovative Coco, a crypto casino named after the intriguing Milady NFT project, recently unfurled itself upon the vast landscape of the Ethereum blockchain. Indeed, its early hours witnessed a breathtaking surge in transaction volume, with numbers rocketing as high as $36 million within the mere blink of an eye – precisely, the first 12-hour interval that followed its release, as per data obtainable from etherscan.
Expressively symbolizing its identity stands the platform’s native token, affectionately dubbed the COCO>. Generating waves across the crypto community, COCO took flight, reaching 8 cents and thus arming the casino with a solid market capitalization of $8.8 million – a feat that caught the attention of the crypto exchange Poloniex.
The current crypto market, as doughy as a fermenting mass of flour, carries an apparent shortage of volatility. Amid such unsettling stillness, crypto traders have found themselves turning away, instead seeking thrills in the vibrant world of on-chain betting platforms. Notably stirring is the example of hamster racing, which took center stage last week.
However, Coco’s appeal extends beyond its novelty; its casino offers a slot machine featuring Milady NFTs alongside another centered on the well-liked memecoins pepe (PEPE) and dogecoin (DOGE). Variety spices up the scene with the addition of three traditional casino table games – blackjack, baccarat, and casino hold’em.
Coco rivets users with its transparency. The casino prides itself on its “provably fair” games, each one generating a seed and divulging its hash via the SHA256 algorithm. Forearmed with this encryption, the casino unassailably embarks on each game, eliminating fears of meddling and tampering.
Not to be overlooked is the commendable rise of Rollbit, another crypto casino steadily carving its niche amidst the stagnation shadowing the market. Its native token, the RLB, has seen a welcome increment, bouncing from 2 cents to 7 cents this month.
The unfolding narrative seems to suggest crypto casinos as a potential antidote to market sluggishness. While it’s too soon to tell whether this trend will hold, the early signs certainly warrant a closer look.
Source: Coindesk
