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Zikbo’s COO on Crypto Betting and How the Company is Chasing New Frontiers

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Zikbo’s Coo On Crypto Betting And How The Company Is Chasing New Frontiers
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There is no shortage these days of what you can do with your cryptocurrency; you can buy, sell, spend, borrow, and much more. But one of the more exciting crypto application niches is betting. It is no secret that people love betting, given that it is a billion-dollar global industry.

But what happens when betting is given an innovative crypto touch? The answer is Zikbo, a crypto betting and sports gaming platform. The company has made waves for its unique algorithm which allows users to play fixed bets, bet against each other, bet on events, and many more.

We speak with Richard Brooks, COO of Zikbo about betting, the crypto industry, and what is next now that the company has made the leap into the betting sector.

1. What inspired the creation of Zikbo?
“There are many different offers with events and odds in the betting world now. They are difficult to understand for both a professional and a beginner. The Zikbo team has developed a platform in which a minimum of events and a fixed coefficient will be docked. Any participant in the bet will be able not only to earn, but also to quench their thirst for excitement.”

2. What would you say makes crypto betting so appealing?

“In existing bookmakers where fiat and cryptocurrencies are accepted, there are always limits on the amount of bets, and this sometimes interferes. It happens that a player is sure of success and wants to go all-in, but cannot. And the Zikbo platform provides the player with such an opportunity.

Anonymity also plays an important role. The player wants to remain anonymous at all times and in the case of deposits and withdrawals. Zikbo also provides the player with this option.”

3. Your platform is famous for its algorithm. Could you talk a bit about that?

“Yes indeed, we use a unique algorithm to balance all bets. Why we decided to use this approach, since we do not work against users, we provide a platform where users place bets against each other. How did we implement this solution? We collect all bets on both sides, then accept or make partial refunds to some users, explaining this by the fact that we are balancing the betting basket.”

4. How does Zikbo differ from other crypto betting sites?

“Existing bookmaker cryptocurrency offices are analogous to fiat offices. The only difference is that payments are accepted in crypto. At the same time, there are restrictions on the amount of the bet, as well as the calculation and withdrawal of funds takes a long time.”

5. How does Zikbo operate during periods of market volatility?

“The volatility period does not affect Zikbo in any way, since when replenishing your own account in any crypt, it is converted into an internal currency, the exchange rate of which is unchanged, and when withdrawing funds, the player can choose the preferred withdrawal currency.”

6. What’s next for the Zikbo team?

“The Zikbo team is developing several new solutions that players will love and bring a lot of fun. For example, additional sports will be offered: basketball and hockey. A coefficient of 7.2 will also be offered and this is not an express. All these tools are really new and revolutionary.”

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Thorchain Shows A Glimpse Of Hope, Are The Green Days Near?

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Thorchain Shows A Glimpse Of Hope, Are The Green Days Near?
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  • RUNE price could be ready to break out from the downtrend as price gears up for a short-term recovery creating more bullish sentiment.
  • RUNE looks strong on the low timeframe. 
  • The price of RUNE attempts to break and hold above 8 and 20 EMA on the daily timeframe.

Thorchain (RUNE) has shown little or no recovery sign in recent weeks, but that could change as the price gears up for a rally against tether (USDT). Previous weeks for the crypto space have been slow as most altcoins, and major cryptocurrencies like Bitcoin (BTC) continued to move in a range. The month looks promising, with altcoins, including Thorchain (RUNE), bouncing off from their low with high hopes of a rally with the current shift in trend. (Data from Binance)

Crypto Market Outlook 

Crypto Market Outlook | Source: Coin360

For most crypto projects as altcoins, including RUNE, the new month has been more of a relief. The price of Bitcoin has led the market, rising from a low of $18,800 to $20,100. With the market looking more promising for crypto assets, we may see more cryptocurrency recovery, as the previous month prevented major altcoins from rallying.

Thorchain (RUNE) Price Analysis On The Weekly Chart

The price of RUNE in recent weeks did not show the strength as seen in other altcoins like Cosmos as the price continued to decline to its weekly low of $1.5.

After rallying from a low of $3 to a high of $12, the price of RUNE faced rejection as it was unable to break above $12, acting as resistance to the price of RUNE and the area of supply.

The price has since struggled to find support as the price declined to a weekly low of $1.5 with what looks like a demand zone for more buy orders.

RUNE price bounced off this region to $1.6 as price prepares for a rally from this area. Although the price continues in a range trying to break out, it looks promising as there have been more buy orders than in recent weeks.

Weekly resistance for the price of RUNE – $1.8-$2.

Weekly support for the price of RUNE – $1.5.

Price Analysis Of RUNE On The Daily (1D) Chart

Thorchain Shows A Glimpse Of Hope Are The Green Days
Daily RUNE Price Chart | Source: RUNEUSDT On Tradingview.com

On the daily timeframe, the price of RUNE remains bullish as it attempts to flip the resistance at $1.8 and break out with good volume.

The price of RUNE is currently trading at $1.65, with resistance to breaking above the 8 and 20-day Exponential Moving Averages (EMA), which act as resistance zones for the price of RUNE. The prices of $1.6 and $1.66 correspond to RUNE’s 8 and 20-day EMAs, respectively.

Daily resistance for the RUNE price – $1.66-$1.8

Daily support for the RUNE price – $1.5.

Featured Image From zipmex, Charts From Tradingview  

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Bybit Collaborates With Oracle Red Bull Racing Team

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Bybit Collaborates With Oracle Red Bull Racing Team
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