***Updated on January 3, 2020***
Here’s yet another victim of the cryptocurrency crash that had reached a high of $1,380 USD in January 2018 before the market imploded and left a wake of poverty and sadness in its trail, bottoming out at $89 shortly after. That said, Ethereum had a nice rebound in June to $317 before falling back down to $175 this week. Anyone who’s held the alt coin for a while might be searching for something to do with it and it just so happens that NFL football is about to kickoff.
Unfortunately, there aren’t too many options for ETH gambling as the current landscape is continuing to be dominated by Bitcoin and Litecoin, however, a couple of excellent choices are available. So here’s the full list of U.S. sportsbooks accepting Ethereum deposits for this football season, and no, it’s not a misprint. These are the only places taking it who come fully recommended by our experts and have proven to be 100% trustworthy in their dealings with players.
It’s strange this coin doesn’t receive a little more praise in the crypto community as it’s strengths are just as valid as its competitors, although it has suffered from numerous missteps along the way. Most of its issues occurred on the technical side due to limitations and problematic coding, which is bound to repel the purists out there. This shouldn’t matter to those looking to bet with ETH at internet casinos because it acts exactly the same as anything else being traded today.
It’s anyone guess where it is headed in the short term, however, creator Vitalik Buterin went on record this week that he’s “very confident” the launch of phase zero of their scaling project will result in a triumph. Scalability issues have long-plagued the core technology and drawn harsh criticism from many analysts in the industry, ultimately holding it back from wider adoption and respectability.
The situation is now poised to change though, as the Ethereum Foundation has been issuing grants to development teams leading up to the launch of Ethereum 2.0, with Status, Sigma Prime and Chainsafe counted among the lucky recipients. They’re tapping into a massive pool of talent to guide the project to a successful completion but it’s unknown just how long it will take to come to fruition.
The world of crypto has always been wild in its short history and this coin is the craziest of the bunch. Holding on to it is definitely not for the faint of heart.