Good day and welcome to Bulliscoming BETU price prediction analysis, in this guide we are going to provide an overview of the BETU token, revealing its potential and the tendency at which BETU token will be able to hit $1.
But before we proceed, let get to know some facts about the BETU token.
About BETU GLOBAL
Betuglobal is a sport and betting crypto platform, secured by a smart contract, and powered by BETU token. That’s to say that the BETU token is the official currency for the BETU platform, and that’s the number one use case.
The token will be used for betting, winnings, betting rewards and incentives, staking, burning, honesty reserves, whale holder’s benefits, and governance of the platform.
This differentiates BETU from the random shitcoins in the Binance Smartchain, and this use case (sports betting) shouldn’t be underrated.
What Makes BETU Unique
Now, you want to ask me why SPORTS BETTING.
According to data from statista.com Sports betting industry reached a market size of 203 billion U.S. dollars in 2020.
Online sports betting market size in 2018 saw Europe as the dominant regional player. The U.K, Germany, and Spain were among the top countries in the region.
Italy collected under €703 million for basketball. €2.1 billion for tennis, and €9.1 billion for football (in Euros). In 2019, the Asia – Pacific (APAC) region became the world leader with a 49% share of the global sports betting market.
A 2018 Supreme Court decision paved the way for sports betting legalization in New Jersey in the U.S, and then, several other states soon followed suit.
One of the biggest takeaways of the sports betting market? Its enormous growth and potential.
With growth comes partnerships.
Many sportsbooks have made deals with professional leagues and broadcast companies. For example, the Chicago Cubs, and DraftKings reached a deal worth $100 million.
Sportradar tracks league data for most of the major sports leagues in the U.S, including the NBA. The league’s senior vice–president said that their goal is to partner with every sportsbook in the U.S.
Betu is an online betting platform that aims to become a leader in the global sports betting market worth USD 391 billion to take significant market share from global bookmakers such as Bet365, William Hill, Ladbrokes, Draftkings, and FanDuel.
What makes BETU unique from other sportsbooks is that BETU enables people to become their own bookmakers and bet against their peers, and individual bets will be uploaded via smart contracts to blockchain and funds will be locked until a winner is determined.
Now, this is a never seen before sports betting, the first of its kind, and thus soon it will get a lot of attention in the sport betting industry.
BETU can achieve this by leveraging on the Blockchain technology, using BETU token to finance the whole system, which in turn will create room for participation for non – sports betters.
When will BETU hit $1
I wouldn’t just barely say BETU will hit $1 in 2022, 2023, or thereabout because the price of crypto is determined by several factors of which you also play a role knowingly or unknowingly to you.
So as an investor in BETU, you might be willing to know all about the factors affecting BETU price, and the tendency for it to hit $1. For this purpose, you need to read take note of these factors.
Factors that will Determine 1 BETU to $1
1. Adoption of Users
One major factor affecting the price of BETU value is the adoption of users upon the assets. When there’s a high demand, it leads to striking the price above the prevailing price. On the contrary, when the demand goes down, it can result in lowering the price.
So, as more people come to use the BETU platform for sports betting (that’s the increase in demand for BETU) the price will go up and it can go higher than $1.
At the moment of writing this BETU has 1633 holders, with a 24hours trade volume of about $315k, and a market cap of about $8.6M – few days after it launched on September 5, 2021.
Now, this has given us an insight into how much the BETU team values marketing, which plays a fundamental role in creating awareness for more adoption and in return causing an increase in demand and increase in the price of BETU.
My analysis is given BETU a 3year space of growth and development to hit 1BETU for $1, and by then BETU will be in the range of a million user’s base.
2 . Future Analysis and Partnerships.
As the industry of sports betting is growing and with the wide usage of cryptocurrency, there are chances of BETU to extend more among investors.
BETU has announced a partnership with Betradar for setting odds for any given sports or esports event.
And Betradar is a brand of sportradar and has been a vital resource in the sports betting industry for the past 20 years. So looking into the near future of BETU you will see more partnerships, and endorsement deals and this is enough to make 1 BETU to $1 and above.
3 . BETU Marketcap
The market cap of BETU is also a factor that can be used to predict when BETU will hit $1. If you are unfamiliar with the term “market cap,”.
In short, the market cap is referred to as the BETU market value. If there’s a higher trend for the market cap, it is a good chance for online traders to get hands over higher profits.
And on the contrary, when there is a downward trend in the market cap, it may result in lowering the profit for online investors.
I don’t think BETU will go down to ‘zero’ but I do think that once BETU is fully in line with their roadmap and high usage that it becomes the go-to for everything sports betting the price will shoot up above $1.
The factors we have talked about, are very crucial to why $1 is an achievable and more realistic target for BETU token. If you had said $100, the answer would be NO.
But $1… very possible.