Memecoins Are For Bull Runs & Altcoins Are For Casino Games – What Do The Experts Say?
Cryptocurrency has many facets, and since the beginning of this decade, several projects and tokens have created fortunes for those who climbed on board early. As someone who has put some money into my fair share of memecoins, I can say they are very much a beast unto themselves.
If they can gain traction, ala Dogecoin in 2021, or PEPE in 2024, the returns can be astronomical. However, finding a meme coin like this and getting in early is like finding a needle in a haystack. As you can see in the infographic below, some of the memecoin returns since 2023 have been outrageous.
For experts, it can be quite a wild ride to navigate when some assets are accepted by TradFi while others have zero utility. It is also an issue for casino gaming companies when deciding which tokens you can gamble with on their platforms.
Betting Using Memecoins
Yes, some people use memecoins to gamble; however, many also see them as a form of gambling, given the negligible long-term use cases that most of them have. However, in casino gaming, it is often the blue-chip cryptocurrencies that continue to rule the roost. Not just BTC, but dozens of alts.
There are many reasons for this: BTC, ETH, USDT, and Litecoin, whatever it may be, they all have market visibility, deep liquidity, and are available across hundreds of different platforms. With millions of people investing and trading in these cryptocurrencies, it is not a surprise that they have been able to
Blue chip sounds quite oxymoronic given the day-to-day price fluctuations. But those assets have crystallized at the top of the market and now have a multi-billion-dollar valuation.
Memecoins are not in scarce supply; they completely oversaturate the market. There’s always a cycle of ideas that come around, with many touted as the meme coin leaders of the next alt season, which in itself is quite a difficult term to pin down in the modern crypto environment. We’ve collated some information about memecoins in the graphic below to give you an idea of the market’s scope.
However, the top 5 or so altcoins are the networks that handle the vast majority of altcoin crypto casino gaming traffic – and are distinct from memecoins due to their prestige and market presence.
Betting On & With Alts
When it comes to casino gaming, no single cryptocurrency or payment method stands alone. Those who access casino games online will often flit between real money, crypto, and the latest fintech ideas to expand their knowledge of the industry’s latest trends.
Those looking to play at a real money online casino will be the first to tell you that the number of payment options that are now at your disposal is staggering. Fintech has truly spread its wings into the world of casino gaming, and while admittedly I have used USDT, other stables, and ETH to play online casino games in the past.
If I access a crypto casino, I tend to use BTC because of its market dominance and acceptance in the world of finance. The buck stops well short of using memecoins, though, for many bettors and most reputable crypto casinos, given their volatility and lack of legitimacy and size compared to prized assets in the crypto market like ETH and Bitcoin.
Can Ethereum (ETH) Hold Onto Its Crown?
Looking at the list of the top 10 altcoins, you will see ETH sitting at the top of the pile. It’s been there ever since it launched over a decade ago.
For all the hysteria and noise about XRP in 2024, Hyperliquid in 2025, and other alts in 2026 such as ZEC, Ethereum still has the lion’s share of the altcoin market cap.
Admittedly, by their own standards, the price action has been poor. It also doesn’t help when the commander in chief, who holds eye-watering sums of it, will sell serious chunks of it out of the blue. It also matters that the coin still has a narrative and that holders, especially long-term holders and whales, do not begin to lose faith.
From August 2020 until April 2021, ETH went from double digits to quadruple digits, as you can see in the picture below. No altcoin has matched ETH’s market cap, since, even during its dismal showing in 2025 and 2026 compared to other alts.
It still stands in the hundreds of billions, and it is this visibility and consistent demand that continue to give it a place in the current fabric of the casino gaming industry and the crypto ecosystem. Despite gas fees, it remains the most reliable blockchain, which is vital for casino gaming for those looking to deposit and withdraw funds frequently.
The Case For Utility
The whole ethos of Bitcoin when it first emerged at the end of the 2000s was simple. A form of payment that allows you to connect directly with somebody else who owns a crypto wallet and sends them money, secured by the blockchain, and completely eliminates the need for a bank to be involved in the purchase at any level. It was revolutionary. We’ve mapped it out in a cool infographic we’ve designed below.
For those who spend a lot of time navigating the world of crypto, the social media communities, and the turbulent back and forth of those who spend a lot of time and money mapping the market, the case for utility had to come in the form of a payment system that was entirely digital, global, and in a market that they were already familiar with.
As you can see at the link below, marketing ideas and giveaways are specific to stablecoins, predominantly BTC and ETH.
PLEASE EMBED THE LINK
Final Say
Ultimately, market-leading altcoins have ETFs and other familiar traditional financial instruments behind them, providing far greater access for those simply glued to the digital asset markets.
Some of the world’s leading investment funds now have skin in the game, and it has helped onboard millions of retail customers. Cryptocurrencies with ETFs can set themselves apart from memecoins, and by doing so, they draw a clear distinction between utility and those looking to just come along for the parabolic ride, if it ever happens.
The experts know that volatility is guaranteed in any asset class, but particularly in crypto, and especially the lower down the coin rankings you go. For now, memes might be funny to latch onto or to throw $50 into, hoping Elon tweets about it.
Ultimately, though, from a casino gaming business perspective, platforms want as little exposure to risk as possible, and by sticking to the premium altcoins and staying away from memes, this is one of the most impactful ways to do it.
Disclaimer
“This content is for informational purposes only and does not constitute financial advice. Please do your own research before investing.”
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