Chancer presale maintains momentum

• Crypto markets are mixed this week as the outlook remains unclear

• Chancer’s presale has surpassed $1.08 million amid high demand for the token

• Chancer has strong potential due to a robust betting market and blockchain application

Investors might be a little cautious in crypto this week. The market has displayed a mixed outlook, with slight gains and losses across the major cryptos. Meanwhile, investors are undeterred when it comes to newly launching crypto projects. Chancer, a new predictive markets project, continues to attract buyers. The project’s presale has surpassed $1.08 million in amounts raised.

XRP ruling jitters and key market developments this week

Jitters over last month’s ruling that Ripple’s XRP is not a security could be rattling crypto markets. The July ruling saw crypto markets, especially XRP, make strong comebacks. Investors believed that the ruling cleared the uncertainty in the crypto sector. But the recovery has now been muted, as SEC is said to consider appealing the court decision.

Meanwhile, investors are also watching the US non-farm payroll data this week for July. The report gives a synopsis of the US labour market and causes huge moves in the market. Investors are looking forward to slower payroll growth amid extreme weather conditions in the US. 

Crypto markets have, in the past, reacted to NFP data. Strong payroll data has fueled selling in crypto on expectations of economic tightening. It also has a positive impact on the dollar and a negative relationship with crypto. Thus, the event will be closely watched on August 4. 

Chancer presale maintains momentum.

As investors exercise caution on crypto this week, the buying of Chancer tokens isn’t slowing down. As of August 2, the project had raised more than $1.08 million. Since launching the presale on June 13, Chancer has been selling fast. The demand has been fueled by Chancer’s revolutionary betting model.

The project is launched with the promise of taking betting to the blockchain. Chancer will allow a peer-to-peer betting model via a decentralised ecosystem, the first in the world. 

Decentralisation is the art of Chancer’s predictive markets system. Unlike the current betting system, P2P betting allows users to create their betting markets. They are not constrained by what their bookmakers provide. As such, one can bet on…