Many ERC20 tokens have promising use cases. Some hope to decentralize financial risk, governmental risk, some even help to improve the distribution of critical resources like food.

On the other hand, you have tokens like First Blood. (Disclosure: I say this as an owner, so hodlers, put away those pitch forks!)

Why do I own this again?

The FirstBlood token currently has a single use case - you can wager it on games of DOTA (2?), also known as Defense of the Ancients. If gaming is not your genre, suffice it to say it is a widly popular and genre-defining game with one of the highest active player counts in the world and a surprising amount of money sloshing around in its RMT (real-money transactions) system.

The bad news is this is the only use case for the token at the moment. Also, and I am a bit unclear on this, you may only be able to wager on yourself/your own games (or at least, that appears to be the primary intended use case, with a slogan strongly implying such.) New games, such as FIFA and Player Unknown Battlegrounds are intended to be added later.

Now, I may not have painted a glowing picture on fundamental use-case, but I think an argument can definitely be made for a buy on technicals. If you take a look at the following chart, you'll see that the 1ST price (in Bitcoin) has only been lower once since the intiail post-ICO ramp:

If First Blood pulls a "Bitshares" and shoots up after the dust settles from the de-listing, it could be a good buy. Further, addition of PUBG would be a large advantage as this is one of the most popular games by user count on Steam currently.

On top of the technical picture above, First Blood was recently suddenly de-listed at Bittrex. As usual with most currencies, this lead to an immediate drop in price as some speculative holders decided to simply sell out at market. However, this does present a possible buying opportunity for the intrepid investors who is willing to accept some risk.

Disclosure: I currently hold 1ST, but am not selling at current price. This is not financial advice and I am not advising to purchase 1ST.

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Sources: Google, Reddit, CoinMarketCap, cdn.europosters.eu
Copyright: FirstBlood.io, CoinmarketCap, First Blood