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A bullish case for Ripple – if current lows hold

  • Ripple builds energy to break higher
  • A series of higher lows points to more upside
  • The bullish case is valid as long as the price holds above $0.3

Ripple is one of the major cryptocurrencies that rallied in 2023. It opened the trading year at $0.3 and rallied all the way to $0.55.

But traders now wonder if the inability to move above $0.55 is a sign of weakness.

It may well be.

However, if Ripple holds above $0.33, a technical trader can build a bullish case for it.

Ripple chart by TradingView

Ripple tries to break above the $0.55 resistance level

Ripple tried to break above the $0.55 resistance level three times in a row. It failed every time.

But each rejection brought nothing but new buyers buying the dip. Moreover, the series of higher lows holds intact, suggesting that the market builds energy to break above horizontal resistance.

Providing the price action holds above $0.3, which proved to be horizontal support part of a possible double bottom pattern, one can build a bullish case for Ripple.

First, the double bottom pattern does suggest that more upside should follow a break above $0.55.

Second, the market built a series of higher lows, a typical structure in bullish markets.

Therefore, bulls may want to wait for Ripple to close above $0.55 until establishing long positions. Ripple should find little or no resistance until the $0.75 level on such a move.

The post A bullish case for Ripple – if current lows hold appeared first on CoinJournal.

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Chancer to usher a new era of betting as Mastercard eyes a multi-token network

  • Chancer raises $421.4k in two weeks

  • The token’s P2P model in betting is attracting investors

  • Chancer’s value to increase in the subsequent presale phases and upon listing

Blockchain is revolutionising traditional sectors in good ways, with the latest being betting. Chancer has been the key project in this shift, focusing on new ways investors can participate in betting and earn. The primary innovative feature of Chancer is its peer-to-peer betting that allows investors to predict in markets created by themselves. Investors have shown enthusiasm for the project, buying more than $421.4k worth of Chancer tokens in the first phase of a presale that opened two weeks ago. The successful presale underlines the growing uptake of crypto, with Mastercard considering a multi-token network (MTN).

Mastercard to make digital transactions secure and interoperable with MTN.

Payments giant Mastercard wants to enhance digital transactions’ security, interoperability, and scalability with a Multi-Token Network (MTN) product. The company says MTN will enable efficient and cost-effective payments by using digital assets.

MTN is also expected to enhance identity management and permissions through blockchain networks, thus building trusted business interactions. Using digital identities will also help counter fraud common in card-related transactions.

The new product by Mastercard underlines that big players are getting into the sector, building needed trust. For a global payment network like Mastercard, it means the project will increase digital asset visibility and allow new ones to succeed. 

Peer-to-peer betting by Chancer. What is it?

As the name suggests, peer-to-peer (P2P) is a betting model permitting user relations with each other. Chancer is pioneering a P2P betting where users can build their betting markets via a secure decentralised system. Users can determine what instruments, events, or situations they want to bet on and invite others (peers) into that betting market. 

Chancer has the edge over the traditional betting markets in that investors are not restricted to the odds and rules common in betting platforms. They play by their rules and odds betting through Chancer. 

With the ability to create a betting market from almost anything, Chancer brings fun to betting and allows flexibility to investors. It also expands the earning opportunities for investors as they can create limitless betting markets via the P2P model.

What is the value proposition of Chancer?

Chancer carries value in letting investors create betting markets and earn rewards on successful outcomes against peers. Investors can bet on events from football to politics and elections. But of course, Chancer is built with an investment focus rather than betting.

One of the ways to unlock value through Chancer is by creating predictive markets. Investors get rewarded for market-making activities. It means investors are rewarded for their interests and expertise by participating in the Chancer project.

The second way is through staking $CHANCER. Investors can stake the tokens for yields, thus unlocking liquidity and facilitating the platform’s growth. Other ways to earn include token rewards for promoting Chancer to others. 

Is Chancer an ideal investment? 

Chancer could be an ideal investment if you are looking for a project with huge growth potential. Betting markets are fast-growing, and the entry of Chancer offers a leeway for investors to do it differently.

Alongside the ability to earn through P2P betting, investors who feel locked out of the traditional markets can find Chancer ideal. 

The growth of the Chancer platform could fuel an increase in the value of the token and generate enormous returns for investors. For a token of a novel project like betting, price increases for $CHANCER can be up to 1,000%.

Does buying $CHANCER on presale make sense?

Any token that is newly listed is best bought at the presale. The price level is low, and there is a potential to earn big when it is listed on exchanges. 

Chancer’s presale will occur in 12 stages, each with a higher price than the previous one. As such, the price is the lowest in the first phase and the most attractive. 

The post Chancer to usher a new era of betting as Mastercard eyes a multi-token network appeared first on CoinJournal.

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Chancer presale storms to $420k amid positive crypto sentiment

  • CHANCER presale has hit $421k days after launch to demonstrate the huge demand among investors.
  • The predictive markets platform is expected to go live later this year, with experts noting its potential to change the global betting industry.
  • For investors, buying $CHANCER at the current price of $0.01 offers could be a great opportunity.

With the broader crypto market looking for a foothold amid predictions of a bullish flip, Chancer’s presale has notched past the $420k mark to highlight the overall market sentiment.

More aptly, the blockchain-based predictive markets platform has seen over 42.1 million of its $CHANCER tokens sold out just days into its recently launched presale event. Could Chancer offer that new opportunity that investors are hunting for ahead of the next bull cycle?  

Early birds can find out more here.

Bear markets are for building – and investing

Bitcoin price staying above the $30k level and looking likely to target the next resistance at $34k is a great encouragement for bulls. The same can be said of Ethereum, which has moved closer to regaining the $2k level in recent weeks amid the spot ETF-driven bullish momentum.

However, the broader acknowledgement is that the market hasn’t completely turned the corner from the 2022 bear cycle. Yet this in itself is an opportunity for projects and to a larger extent investors, with bear markets seen as the time to build, or BUIDL as compared to the common HODL.

Projects that build during market downturns often have the ample time to focus on product development, taking into account roadmap goals to deliver. And for investors, the bear market often accords the opportunity to buy low and position oneself for potential windfall when the bulls come charging.

Could Chancer be one of the projects? Highly likely as the team leverages the pre-bull market phase to bring to market a potentially industry-disruptive platform.

What is Chancer?

Chancer is a blockchain-based predictive markets platform that aims to become the global destination for decentralised betting.

Leveraging the blockchain technology and a crypto token will bring the benefits of a truly decentralised market, with holders of the native $CHANCER participating in future developments via a governance structure.

As for how Chancer works, the key is in its removal of the power of the bookmaker. Instead of the centralised control that sees bookmakers decide which markets and odds to offer to bettors, Chancer takes that power and hands it to $CHANCER holders.

On Chancer you don’t suffer the restrictions of traditional betting platforms – its “your game, your rules, your odds.” 

In short, participants create their own prediction events, set the odds and rules. As a peer-to-peer (P2P) betting platform, you can invite family and friends. What’s more there is a feature that allows users to broadcast their markets to more participants across the world, increasing the predictions and prizes.

Why would investing in Chancer today be worth it?

The global betting industry is a massive market, with estimates for the next five years projecting a 10% compound annual growth rate. The adoption of blockchain technology across the sector is rising, with Chancer offering the most revolutionary platform.

While it would be unreasonable to predict $CHANCER to the moon now, the anticipation building around the project is massive. And with the token price currently only $0.01, buying now might be the best opportunity to maximise on the potential gains if fresh market demand catapults it to $1 or higher in 2024.

As noted, the wider sentiment is that a bull market is slowly gathering pace. If Chancer rolls into the market via the scheduled exchange listings after the presale, and the platform launch happens as expected, then a pop to new highs in 2025 would be highly likely.

If you bought $CHANCER today, 100% gains would be locked in when the token jumps to $0.021 at the end of the presale later in the quarter.

Can you earn passive income with Chancer?

An opportunity to earn passive income on the investment is one of the key features investors will fancy $CHANCER for.  Other than the anticipated gains on the value of the token as future demand pushes prices higher, holders can also earn passively through staking.

One can run validator nodes to support the network transaction processing and security and earn a reward from it. Node operators will earn 50% of the reward while those staking with the particular node will get the other 50%. Other than staking $CHANCER, users can earn from the Share2Earn program.

 You can learn more about Chancer on their website.

The post Chancer presale storms to $420k amid positive crypto sentiment appeared first on CoinJournal.