Crypto projects raised over $200M last week, with Chancer’s presale closing in on $1M

Key takeaways

• Cryptocurrency projects raised $201 million from VC firms last week.

• Chancer’s presale is currently ongoing, and the project is close to hitting the $1 million mark. 

The cryptocurrency market is starting the week in a bearish manner. Bitcoin is down by more than 2% today and could experience further decline in the next few hours. At press time, the price of Bitcoin stands at $29,148 per coin.

However, Chancer’s presale continues to soar higher, with the team now close to hitting the $1 million mark.

Crypto projects raised $201M in a week

Bitcoin and other cryptocurrencies have been experiencing ranging markets since the start of the month. However, despite the market’s poor performance in July, cryptocurrency projects continue to set new records.

A report by CoinDesk revealed that cryptocurrency projects raised $201.4 million last week. The biggest earners in the market were projects that create developer tools for zero-knowledge proofs.

VC firms continue to invest in cryptocurrency projects despite the bear market, indicating that there is a strong belief about the future of the industry.

Chancer is gaining traction despite not going via the VC funding path at the moment. The team’s presale event is set to hit the $1 million mark, with more than 11 million tokens sold so far. 

What does this mean for Chancer?

Cryptocurrency projects raising huge amounts of money from VC firms is a clear indication that investors are willing to enter the market and invest in the right project.

Strong projects with excellent use cases will gain the attention of investors, both retail and institutional. 

Chancer is one of the exciting and new projects currently in the cryptocurrency space. Chancer is one of the projects that is gathering momentum amongst retail investors. 

The team is developing a unique Web3 peer-to-peer (P2P) custom betting platform that would make it possible for users to live-stream betting events. 

What Chancer seeks to achieve is to decentralise the betting industry. The platform is adopting a decentralised method of betting and online gambling. 

An excellent feature of Chancer is that, unlike traditional betting platforms, it doesn’t restrict its users’ betting opportunities. This means that Chancer users can bet on a wide range of events, beyond traditional sports and casino bets. 

The…