Why you should love Crypto…
Crypto is on everyone’s lips; even people who don’t know Bitcoin. To this end, many crypto users may be drawn to high-risk tokens in the hopes of big gains. In addition, Memecoins have recently become popular again despite many marketing themselves as having no backing value.
Another reason is that decentralized crypto exchanges offer users the ability to place highly leveraged bets on the price direction of tokens, which often sees millions in liquidations when bets go wrong, and the online, decentralized and always-on crypto space has also seen a rise in crypto gambling platforms.
So, you see how effective the use of crypto is on all levels.
Lately, one platform, Polymarket, has seen its value locked reach nearly $29 million, according to DefiLlama. It offers bets on a host of events, including sports and election outcomes but also niche bets, including a market for whether Elon Musk will ban Apple devices at his companies.
With Trump endorsing Bitcoin, it’s a whole new beginning.