Saturday, 30 September 2023

Crypto News

Chancer presale at the $2M mark

BTC could retest key $28,800 zone

  • Chancer has raised $1.99 million in a presale

  • The presale could benefit from improved crypto sentiment as BTC recovers to $27K

  • Chancer carries a more than 10x gain in the future.

Chancer has raised over $1.99 million in a presale welcoming the first decentralised betting platform. With betting one of the fastest-growing sectors, the prospect of taking it to blockchain has excited investors. This comes when cryptocurrencies undergo consolidations following market turbulence. Bitcoin has recovered above $27,000, giving hopes of a potential resurgence. The cryptocurrency had previously slipped to below $25,000. The recoveries in the leading crypto could boost the sentiment for risk-on assets, benefiting Chancer. 

Why Bitcoin is rising this week

Bitcoin is up more than 7% over the past week, thanks to improving market sentiment. The sentiment reflects expectations that the Fed will pause rate hikes during the September 20 meeting.

Investors have based their expectations on the September 13 inflation, which showed cooling prices. Although the consumer price index increased 3.7% in August from 3.5% in July, the annual core CPI dropped. The core CPI, which measures inflation less volatile food and energy, increased 4.3% from the previous 4.5%.

The falling prices provide hope that the US is headed for the Fed’s target inflation rate of 2%. This could provide the impetus for the US central bank to pause rates. A less hawkish Fed is considered positive for risk-on assets, which could boost Bitcoin and altcoins. 

The role of Chancer in the crypto ecosystem

Chancer is a revolutionary blockchain that aims to change how betting occurs. Presently, betting is conducted on centralised marketplaces. The bookmakers or owners of such marketplaces determine the betting events.

With Chancer, the role of intermediaries in betting is eliminated. Betting occurs in a virtual blockchain ecosystem, which is in the hands of the users. In other words, users create peer-to-peer betting markets and set their own rules and odds.

Wagers invite friends, family, acquaintances, and fans to their betting market. They can also join P2P markets created by others and participate in blockchain-based prediction. 

Chancer carries a lot of flexibility as users can create P2P markets from multiple events. Users can create a Chancer market, from mainstream betting events…

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