Chancer presale accelerates as Binance CEO CZ makes a huge prediction on crypto

• Chancer seeks to introduce a P2P betting model.

• Chancer’s presale has accelerated, with over half of the tokens sold in the first stage.

• The token could hit three-digit or four-digit percentage price increases in 2023.

When will cryptocurrencies resume a bullish trend after a down-beaten 2022 and 2023? Binance CEO Changpeng Zhao (CZ) thinks 2025 could be the likely year. And while investors may feel this might be a little bit far after expecting the bull market later in 2023 and 2024, the interest in crypto keeps growing. Investors are banking on newly launched tokens that can defy the bear market. Chancer, a blockchain-based predictive markets application, has been attracting investors. Investors have bought at least $615,560 worth of tokens in less than a month since the presale launched.

CZ predicts a bull market in 2025

In a recent AMA Twitter session, CZ told his followers that 2025 could be the probable year for a sustained Bitcoin bull market. According to CZ, the Bitcoin halving event in 2024 will likely catalyse the bullishness. 

The Binance CEO pointed out that historical bull price movements in Bitcoin have followed the halving cycles. If history is to repeat itself, Bitcoin is set for a bullish surge in 2025, with the cryptocurrency’s price seen as a barometer for the rest of the sector. Notable halving events propelling Bitcoin’s price were in 2012 and 2016, and CZ projects a repeat after the halving event in 2024. 

CZ’s insights underline growing sentiments that Bitcoin is set for a bullish market after the price recently attempted to break above the $30,000 barrier. Investors have been hopeful of a likely bull run over the next couple of months. 

Nonetheless, macroeconomic concerns are yet to clear, meaning that a potential bull market could occur in or over a year. With this, investors could be looking for opportunities in newly launched projects to capture initial momentums before the bullish market. Chancer could be benefiting from this sentiment, given the fast-selling presale.

What is Chancer, and how does it work?

Chancer is a blockchain-enabled peer-to-peer (P2P) betting platform. As the name suggests, the platform lets users bet with friends, colleagues, and other participants via custom markets. Chancer works quite simply.

Users create P2P markets to predict the outcome of key events,…