Bitcoin, Ethereum Continue to Dominate Crypto Casino Market But Litecoin, Dogecoin Gain Traction: Research

A new research report analyzing token popularity in crypto casinos reveals that while Bitcoin BTC/USD and Ethereum ETH/USD continue to dominate the market

Bitcoin and Ethereum are the two most popular cryptocurrencies in the world, and they also happen to be the two most popular cryptocurrencies for gambling at online casinos.

But while Bitcoin and Ethereum may be the clear leaders, other cryptocurrencies like Litecoin, Dogecoin, and even Shiba Inu are also starting to gain traction among online casino players.

According to a new research report from Renomowanekasyno.pl, which analyzed token popularity in crypto casinos, Bitcoin has a market share of over 45% when it comes to crypto gambling.

The majority of online casinos accept Bitcoin as a primary payment method, and it is also the most widely used cryptocurrency for gambling overall.

Next up is Ethereum, which has a market share of around 25%. This is largely due to the fact that Ethereum is able to support smart contracts, which makes it a more versatile option for online casinos.

However, the report also notes that Litecoin and Dogecoin are both becoming increasingly popular among online casino players. Litecoin is used by around 10% of online casinos, and it is preferred by players who want to avoid the high costs of Bitcoin transactions.

Dogecoin, on the other hand, is used by 3% of all casinos and is especially popular among younger users. The meme coin was initially created as a joke, but it has since become one of the most valuable cryptocurrencies in the world.

The report also analyzed the frequency of search queries on Google for the terms “Bitcoin casino,” “Ethereum casino,” “Litecoin casino,” and “Dogecoin casino.”

The results showed that “Bitcoin casino” had 6,900 monthly queries, "Ethereum casino" had 1,100 queries, "Litecoin casino" had 500 queries, and "Dogecoin casino" had 600 queries.

This indicates that Bitcoin is still the most searched-for cryptocurrency for gambling, but there is also a significant amount of interest in the other three cryptocurrencies.

Finally, the report also explored the various reasons why players prefer certain cryptocurrencies for gambling.

Some of the most common reasons include the speed of transactions, the level of fees, the availability of the cryptocurrency at different casinos, and the overall user experience.