Cloudbet Welcomes Dogecoin and Litecoin

Popular online betting destination, Cloudbet has added Dogecoin and Litecoin to its list of accepted currencies after the two were voted most-requested in a survey of nearly 10,000 customers.

Although many betting websites that run on Bitcoin have been accepting Litecoin for quite some time, quite a few operators remained hesitant about adding Dogecoin to their gambling platforms. This is probably because Dogecoin was originally created as a joke by two software engineers, Billy Markus and Jackson Palmer. By basing it on a meme, Markus and Palmer wanted to set it apart from other coins and the controversial history associated with them.

The meme-inspired coin began gaining real value in 2017 and, despite a couple of recent dips, the asset is predicted to reach a price of $0.947 by 2030. Elon Musk, the CEO of SpaceX and Tesla, contributed to Dogecoin’s rise in popularity by promoting the coin on Twitter earlier this year. Aside from Musk, Snoop Dogg, Gene Simmons, and Guy Fieri have also expressed their support for this cryptocurrency.

The other coin of interest, Litecoin, is perhaps less talked about, but it’s on an upward trend as well, and it’s worth quite a bit more than Dogecoin. According to the Litecoin Q1 report, this cryptocurrency’s price increased from $127 to $198 between January 1 and March 31, 2021. At the time of writing, its value experienced a further surge, currently sitting at $305.31.

Aside from Dogecoin and Litecoin, Cloudbet supports 10 other cryptocurrencies: Bitcoin, Bitcoin Cash, Ether, Tether, USD Coin, Pay Gold, Dai, Paxos Standard, Chainlink, and Dash. The addition of these two coins is the latest in a series of improvements that the operator has implemented over the past several months. Other changes include a website redesign, the addition of esports, politics, and virtual sports betting to its offer, and bet sharing.

Cloudbet hopes that the new features and upgrades will help its product move away from its Bitcoin-exclusive image.

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