Good morning and welcome to Xclusivebob BETU price forecast analysis. In this guide, we will provide an overview and prediction of the BETU token’s potential and tendency to reach $1.
Before we move on, however, let’s learn some facts about BETU token.
About BETU GLOBAL
Betuglobal, a crypto-sport and betting platform, is secured by a smart agreement and powered by the BETU token. This means that the BETU token, which is the official currency of the BETU platform and the most used case, is the BETU token.
The token can be used to wager, win, receive betting rewards and incentives as well as staking, burning and honesty reserves. It also provides benefits for whale holders and governance of the platform.
This is what makes BETU different from random shitcoins found in the Binance Smart chain. Sports betting should not be underestimated.
What makes BETU unique
Do you want to know why I am SPORTS BETTING?
Statista.com data shows that the market for sports betting reached a size of 203 billion dollars in 2020.
In 2018, Europe was the largest regional market for online sports betting. The top three countries in the region were the U.K., Germany and Spain.
Italy received less than EUR703 million in basketball funds. EUR2.1 billion was spent on tennis and EUR9.1 trillion on football (in euros). With a 49% share in the global sports betting market, Asia-Pacific (APAC) was the world’s leader.
The 2018 Supreme Court ruling allowed sports betting to be legalized in New Jersey, the United States. Several other states followed the lead.
The biggest lesson from the sports betting market is? Its immense potential and growth.
Partnerships are key to growth.
Numerous sportsbooks have signed deals with broadcast companies and professional leagues. DraftKings and the Chicago Cubs have a $100 million deal.
Sportradar tracks data from most major leagues in the U.S., including the NBA. According to the league’s senior vice president, their goal is a partnership with all sportsbooks in the U.S.
Betu, an online betting platform, aims to be a market leader in the global sports betting market valued at USD 391 billion. It will compete with global bookmakers like Bet365, William Hill and Draftkings for significant market share.
BETU is different from other sportsbooks in that it allows people to be their own bookmakers. Individual bets can be uploaded via smart contracts and blockchain, and funds will remain locked until the winner is determined.
This is an unprecedented form of sports betting and it is sure to attract a lot more attention in the future.
BETU can do this by using Blockchain technology to leverage on it and using BETU tokens to finance the entire system. This will allow for more participation from non-sports betters.
When does the BETU reach $1
I would not just say BETU will reach $1 in 2022, 2023 or anywhere else, because the price for crypto is determined by many factors.
As an investor in BETU, you may be interested to learn about the factors that affect BETU’s price and how likely it is to reach $1. These factors should be taken into consideration.
Factors That Will Determine 1 BETU To $1
1. Adoption of Users
Adoption of users on assets is a major factor in determining the price of BETU values. If there is a lot of demand, the price will rise above the current price. Conversely, a decrease in demand can lead to a lower price.
As more people use the BETU platform to place sports bets (which is the rise in demand for BETU), the price of the BETU platform will rise and can even exceed $1.
As of the writing of this article, there are 1633 BETU holders. They have a 24-hours trade volume of around $315k and a market capital of approximately $8.6M. This is just a few days after the BETU launched on September 5, 2021.
This has allowed us to see how the BETU team values advertising, which is fundamental in creating awareness and in return, causing an increase in demand and an increase in price.
My analysis shows that BETU has a 3-year growth period to reach 1BETU for $1. By then, BETU will have a base of around a million users.
2. Future Analysis and Partnerships
With the growing popularity of sports betting and the widespread use of cryptocurrency, there is potential for BETU to expand among investors.
BETU and Betradar have announced a partnership to set odds for any sport or esports event.
Betradar, a brand of Sportradar, has been an invaluable resource in the sports betting industry for over 20 years. You can expect more endorsement deals and partnerships in the near future for BETU. This is enough to bring 1 BETU up to $1.
3. BETU Marketcap
It is possible to predict when BETU will reach $1 by using the market cap of BETU. The term “market capital” is a generalization of the concept.
The market cap, also known as the BETU market price, is shorthand for the market cap. Online traders have a better chance of making higher profits if the market cap trend is higher.
On the other hand, online investors may lose more if the market cap is falling.
Although I doubt BETU will drop to zero, I believe that BETU will rise above $1 once it is fully aligned with their roadmap and has high usage.
These factors are crucial in determining why $1 is a realistic and achievable target for the BETU token. The answer to that question would be no if you said $100.
It’s possible to make $1.