WINR Protocol, a decentralised iGaming infrastructure platform powered by the WINR token, has seen major market traction in the past week with a price jump of more than 22% in 24 hours to hit its highest price level since August. WINR was trading around $0.05 at the time of writing, up 37% this past week and nearly +60% in the past 30 days.
Cryptocurrencies saw a massive spike in volatility early this week, with mega cap altcoins catapulted to key levels after Bitcoin’s increase to $35,000 – Could this outlook have aided WINR bulls?
The protocol has also seen several major developments which could explain the price surge. Earlier this month, the protocol burned 70 million WINR tokens, permanently removing 7% of its maximum supply from circulation. The Arbitrum community voted to allow the Arbitrum Foundation grant WINR 462,000 ARB to incentivize developer activity and the WINR Chain also announced on October 26 that its team was looking at becoming the “go-to execution layer for decentralized iGaming.” Most recently, the platform launched the first on-chain 1000x Bitcoin (BTC) and Ethereum (ETH) futures.
WINR Protocol is focused on providing a secure platform for iGaming developers to create their own game logic on smart contracts and integrate data with existing UIs. It will be interesting to see if the platform can continue its recent momentum and reach its all-time high of $0.11 in the coming weeks.