The cryptocurrency market has been stable over the past few days, with the prices of most coins and tokens within a particular range. Will Bitcoin and the broader market rally higher in the near term, or would the market face a retrace?
Bitcoin maintains its price above $30k
Bitcoin, the world’s leading cryptocurrency by market cap, continues to trade just above the $30k mark. BTC has been trading around that range for the past three weeks.
At press time, the price of Bitcoin stands at $30,468, down by less than 1% in the last 24 hours.
The performance comes after the consumer price index rose 0.2% in June and was up 3% from a year ago. The data indicated that inflation in the United States rose 0.2% last month, less than expected as consumers get a break from price increases.
What is Chancer?
Despite the price pullback earlier today, the cryptocurrency market has performed excellently so far this year. Bitcoin is up by nearly 50% year-to-date, outperforming the other major asset classes in the world.
With the market in a positive mood, investors could be looking to get in on new projects. One of the projects to consider could be Chancer. Chancer is a unique Web3 peer-to-peer (P2P) custom betting platform designed to enable users to live stream betting events.
Chancer seeks to differentiate itself from other betting platforms by adopting a decentralised method of operations. On Chancer, users can bet on a wide range of events, beyond traditional sports and casino bets.
At the moment, the project is still in its stage one presale, with an aim of raising $1 million. Chancer developers will use the funds to build a P2P betting platform.
On Chancer, players would enjoy excellent features such as betting markets in real-time and based on user interests, social media connections, and expertise.
With Chancer, users might no longer face the challenges associated with using bookmakers. The platform would allow users to set up their custom P2P betting markets.
Perhaps the biggest selling point of Chancer is that users can bet on a wide range of things, beyond the sporting and casino bets found on traditional betting platforms.
While the sport and casino bets would be available, Chancer users can et on any event they desire, whether mainstream or made-up. It doesn’t matter the event, users can bet on them on the platform
Chancer’s presale is over 70% completed
Chancer’s stage one presale could be completed soon as the team has raised more than 70% of the required funds. At the moment, Chancer has raised more than $700k, accounting for more than 70% of the required funds in stage one.
The development team has earmarked the funds to develop its suite of products. The team intends to carry out 12 presale events, with a target of $15 million.
The Chancer ecosystem would be powered by CHANCER, its native token. CHANCER is going for $0.01 BUSD per token, but its price could increase once the token launches on cryptocurrency exchanges.
CHANCER would power the various activities on the betting platforms. Token holders would be allowed to create markets and invest in markets created by other users.
Furthermore, by holding CHANCER, users can create, participate in, and profit from their very own predictive markets.
The presale is open to everyone, and Chancer supports a wide range of wallets, including, Trust Wallet, MetaMask, Coinbase Wallet, and Rainbow.
Visit the Chancer website to get more information about the presale.
Should you invest in Chancer today?
The cryptocurrency market has been stagnant over the past week, with prices of Bitcoin and other major coins and tokens ranging within specific prices. However, Bitcoin is up by nearly 50% year-to-date.
As more retail and institutional investors enter the market, Bitcoin’s value could increase in the medium to long term.
Investors would be looking at new projects with strong fundamentals, and Chancer could be one of the tokens to consider.
As a decentralised betting platform, Chancer could gain huge adoption in the Web3 ecosystem and beyond. Chancer is still in its presale stage and could provide huge value for investors in the long term.