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Wagerr (WGR)

Market Cap

$20,412,182 USD

Volume (24h)

$7,935 USD

3.9
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    Wagerr Markets Rank: 3/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Wagerr Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    Wagerr Market Cap Rank: 91/100

  • 24h Change

    Is the price moving up or down?

    Wagerr 24h Change Rank: 54/100

  • Social Following

    How many users are following this coin?

    Wagerr Social Following Rank: 73/100

  • Google Trends

    How many users are searching for the coin?

    Wagerr Google Trends Rank: 13/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Wagerr Twitter Citation Rank: 46/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Wagerr User Voting Rank: 91/100

Wagerr investment analysis

Wagerr is a decentralized sports betting platform that is free from the control of any central authority figure. They offer gamblers the ability to utilize trustless smart contracts in order to ensure that the bets they place will be honored when they go to collect their winnings.

By automating the process of verifying bets and completing payouts to the relevant parties they solve one of the biggest problems with the online gambling sector: corruption. It can often be hard to tell if you will actually receive a pay off with some other platforms in this niche, but thanks to the blockchain you can be sure of it with WGR.

The team behind this project has also made efforts to create an easy to use platform that people of all experience levels can enjoy. If you choose to make a Wagerr investment, you can also earn income by staking your tokens or running a node that will assist in the verification of transactions on the project's native chain.

This asset is also subject to something called "value coupling" where a portion of the fees of all transactions will be burnt, resulting in a lower coin supply to drive up the demand of the underlying asset. There's some excitement surrounding them right now as they become the only project where users worldwide can place their bets on the 2018 world cup.

current price
$0.111542
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+365.7%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.519483
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

116/878
by Safety
465/878
by Profit
historical data

How to buy Wagerr?

Investors can buy Wagerr on a number of exchanges, but some of them might be more unusual. However, there's still plenty of volume on these providers to place a quick trade. Bitcoin is the highest volume trading pair, with waves coming in at second place. While there are some other options, most of them have little trading volume. This could make it difficult to execute a trade with these other pairings, but Ethereum and the US Dollar are options as well.

In order to store your tokens, it would be best to utilize the official wallet from the project's website. The team has made available installation packages for Windows, Mac and Linux operating systems. After downloading and installing the correct wallet software make sure to create a back up of your wallet file, and stow it away in a safe place. This will be the only way to retrieve your funds in the event of hardware failure.

Is it safe to invest in WGR now?

If we look at the Wagger analysis we can see that they are doing quite well in multiple areas on our charts. Their social activity is excellent, and their market cap is growing as well. These are good signs, and this is likely due to them advertising the fact that people will be able to bet against the 2018 world cup on their website.

This is an enormous sporting event with worldwide appeal, and anyone across the globe will be able to participate on the Wagger platform to bet for or against the participants.

One of the more interesting parts of the platform, if you were to invest in WGR, is the fact that you can essentially become "the house". Every transaction, of course, has fees, but in this case, the investors will be able to earn a cut of them. Masternodes for this project are called oracles, and they allow you to not only earn staking income, but also a percentage of these fees.

As the supply of the asset is reduced thanks to value coupling, this could prove to be quite profitable if the volume for this platform kicks up. The coin supply is quite low already anyway, and that's good news for those who want to place some money here.

In closing, while the gambling industry is always a bit of a grey area, the peer to peer nature of the platform should help to shield it from government reach. Wagerr is looking to make the entire industry a place where individuals can feel safe about placing their money into these games.

The team has made a solid effort in promoting their project across social media, and it looks like WGR is headed in the right direction to succeed in their chosen niche.

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