Chancer’s token sale catches the eye amid Fed’s rate hike

• Fed is expected to announce a 0.25% rate hike after its two-day meeting on Wednesday.
• Stocks and cyptocurrencies have traded largely flat or lower amid investor anxiety over next moves by the central bank.
• Chancer, a project set to revolutionise the betting industry, could be a huge investment opportunity in today’s market setup.

The Federal Reserve paused its interest rate hike in June, but all indications have been that the US central bank will resume the hiking path with a 0.25% rate this week.

As cryptocurrencies and stocks struggled amid the expected decision, one new project has stood out for the relentless interest it has seen from investors. That’s Chancer (CHANCER).

Fed to resume rate hikes after June pause

Chancer, a cryptocurrency project for the betting industry that’s currently in presale, is close to hitting the $1 million mark in funds raised so far.

The Fed’s 25 basis point hike is set to bring to the number of rate hikes since 2022 to 11 and will see the fed funds rate now at 5.25%-5.50%. This will bring the benchmark interest rate to a 22-year high – and trader sentiment on this sees major US indices down ahead of markets opening on Wednesday.

With crypto also down and Fed Chair Jay Powell anticipated to hint at additional rate increases for 2023, could investing in Chancer offer a better way to diversify a portfolio? Here’s a brief overview of this project.

What is Chancer?

Chancer is a new blockchain platform targeted at revolutionizing the predictive markets. Simply put, this is a project that could disrupt the global betting market as it is today.

The platform comes in the form of a peer-to-peer (P2P) marketplace that promises to seize control over from centralised bookmakers and hand it to individual users. With Chancer, you can bet on any event and from anywhere.

Chancer’s whitepaper indicates the platform will leverage blockchain technology and smart contracts to democratize betting and empower bettors as it evolves into the world’s largest social predictive market.

While people will be able to tap into Chancer to create bets, set odds and handle payouts, the team envisions this as being more than just a new betting platform.

$CHANCER presale close to $1M milestone

Chancer has so far raised more than $990,000 in its presale, with the 12 stage token sale paving the way for the launch of what could…