Increased Investor Interest: When Ethereum price rises, investors start looking for smaller tokens that might follow its trend. SBET, being built on Ethereum, may benefit as investors shift some of their profits from ETH into riskier, smaller assets like SBET.
Platform Liquidity and Activity: If Ethereum becomes more valuable, the DeFi and betting ecosystems that use it also get more capital. This could lead to increased activity on the Sportbet.one platform, boosting demand for SBET.
SBET Treasury and Ecosystem Growth: If the platform’s treasury holds Ethereum, the rising value of ETH would increase the financial strength of SBET. That can be used to provide better rewards, run promotions, or improve the platform, all of which would be positive for SBET.
On-Chain Activity: Ethereum’s price movements often lead to higher usage of smart contracts and apps on its network. As more people interact with Ethereum, it increases visibility for all tokens built on it, including SBET.