Kategorie: Crypto Analysis

• Base is seeing strong inflows in its ecosystem as demand rises.

• The total value locked (TVL) has surged to over $420 million.

• Aerodrome has seen inflows in its ecosystem soar.

Base, the recently launched layer-2 network, is seeing strong traction even as the crypto winter continues. On-chain data shows that the amount of cash deposited in Base’s ecosystems has jumped.

Data by DeFi Llama shows that the total value locked (TVL) in its ecosystem surged to over $420 million, making it the 10th biggest chain in the world. It has become bigger than some of the oldest chains like Cronos, Kava, Klaytn, Cardano, Fantom, and Algorand.

Base has attracted over 100 DeFi applications. Aerodrome, the biggest dApp in its ecosystem, stands at over $121 million. The other important DeFi applications in the ecosystem are friend.tech, Compoind, Curve DEX, Stargate, and Beefy.

For starters, Base is a layer-2 network that makes it possible for developers to build decentralised applications (dApps). Developers are already building applications in all industries like gaming, social media, and infrastructure.

An Ethereum layer-2 network is one that supercharges the performance of applications. It is a sidechain that reduces transaction costs and boosts its speeds. Base is able to handle over 10,000 transactions per second (tps) at much lower costs. It competes with the likes of Optimism, Polygon, and Arbitrum.

The most recent Base news is that the developers launched Pessimism, an open-source monitoring system that enhances the security of Base by detecting and responding to threats.

Introducing Pessimism, an open source monitoring system designed to enhance security of Base (as well as the broader OP Stack and Ethereal ecosystem) by quickly detecting and responding to a myriad of protocol threatshttps://t.co/erocaQOkbz

— Base 🛡️ (@BuildOnBase) September 19, 2023

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Key takeaways

• Toncoin has overtaken Solana and Tron to become the 9th largest cryptocurrency by market cap.

• Toncoin began to rally following Telegram’s endorsement of the TON project.

Toncoin is now one of the top 10 cryptos by market cap

TON, the native coin of the Toncoin blockchain, has become one of the top 10 cryptocurrencies by market cap.

The coin has added 30% to its value over the past seven days, outperforming the other major cryptocurrencies in the process. At press time, the price of Toncoin stands at $2.53, up by more than 4% in the last 24 hours.

The sustained rally comes a few days after the messaging platform Telegram endorsed the Toncoin project. At the time, Telegram’s chief investment officer, John Hyman, said,

“We are putting digital ownership rights in the hands of our entire user base. While also giving TON projects the tools to reach our audience in the largest Web3/Web2 partnership there has ever been.”

Telegram is set to integrate the TON network into the app’s user interface. With the integration, the TON Web3 wallet would be available to over 800 million Telegram users via their settings.

BTC and others experience a positive performance

Bitcoin and the other major cryptocurrencies have also recorded positive performance in recent days. At press time, the price of Bitcoin stands at $27,111, up by more than 4% over the last seven days.

Other major cryptocurrencies, including XRP, Solana, Tron, Polygon, Litecoin, Bitcoin Cash, and Chainlink, have added more than 4% to their values over the last few days.

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• Jasmy price has formed a descending triangle pattern on the daily chart.

• Focus now shifts to the upcoming Federal Reserve interest rate decision.

Jasmy coin price has moved sideways in the past few days even as other cryptocurrencies have bounded back. The coin was trading at $0.0035 on Tuesday, where it has been in the past few months. This price is a few points above this month’s low of $0.0030.

Federal Reserve decision ahead

Jasmy Coin is a small but highly popular cryptocurrency that is best known for its Japanese roots. Started by former Sony executives, the coin is regarded as Japan’s version of Bitcoin.

But unlike BTC, Jasmy has a deeper role in the blockchain industry. According to the developers, the platform is used in the data privacy industry. It is also used in the Internet of Things (IoT) industry.

Jasmy’s goal is to ensure that people can store and secure their data in a safe and secure manner. It is also used to safely and securely manage and control devices. Most importantly, Jasmy helps companies to secure their data.

Jasmy coin tends to track the price of Bitcoin. As such, the key important event to watch this week will be the upcoming interest rate decision by the Federal Reserve. Most economists believe that the Fed will leave interest rates unchanged at 0.25%, as I wrote here. 

The bank will also have a hawkish tone since the country’s inflation remains at an elevated level. Data released by the Bureau of Labor Statistics (BLS) revealed that the headline consumer inflation rose to 3.7% in September. A hawkish Fed will likely lead to more downside for Jasmy and other cryptocurrencies.

Jasmy Coin price prediction

The daily chart shows that the Jasmy token has been in a bearish trend in the past few months. The coin has formed a descending trendline shown in orange. This line connects the highest swings since May this year. 

Most importantly, Jasmy has formed a descending triangle pattern. In price action analysis, this pattern is one of the most popular bearish signs. It has also dropped below the 50-day and 25-day moving averages.

Therefore, Jasmy price will likely have a bearish breakout as sellers target the key support at $0.0030. A break below that support will likely lead to more sell-offs as sellers target the key support at $0.0025.

How to buy Jasmy

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Key takeaways

• Litecoin is one of the best performers among the top 20 cryptocurrencies by market cap over the last seven days.

• Chancer’s stage two presale is closing in on the $2m mark as more investors enter the project.

The cryptocurrency market has been performing well over the last few days. LTC, the native coin of the Litecoin blockchain, is one of the best performers, adding more than 10% to its value over the past seven days.  

Chancer’s presale continues to gather steam, with nearly $2 million raised in the second round of the presale. 

Litecoin eyes the $70 mark

Bulls have been in control of the cryptocurrency market over the past few days. The prices of most coins and tokens are trading in the green zone. Litecoin’s LTC is one of the best performers amongst the top 20 cryptocurrencies by market cap.

The coin has added 12% to its value over the last seven days, outperforming other major cryptocurrencies, including Bitcoin, Ether, Polkadot, Solana, Cardano, and XRP.

At press time, the price of Litecoin stands at $$67 and could reach the $70 mark if the bulls remain in control of the market. 

What is Chancer?

As the broader crypto market continues to rally higher, some presale projects continue to set new records. Chancer is one of the presales that continues to perform well.

Chancer is a Web3 project designed to decentralise the betting ecosystem. The team is developing a web3 peer-to-peer (P2P) custom betting platform that allows users to place bets on a wide range of events, including custom-made ones. 

In addition to being a blockchain project, users can live-stream bets on the Chancer platform to ensure maximum transparency. Chancer seeks to improve the current services offered by traditional sports and casino betting platforms. 

The platform would eliminate some of the restrictions regarding events users can bet on. Chancer users can bet on any event, even ones they make up themselves. 

At the moment, Chancer is still in its presale stage and has raised millions of dollars so far. The funds from the numerous presale rounds would be used in building Chancer’s decentralised P2P betting platform. 

The Chancer platform will have some exciting features, including betting markets in real-time and based on user interests, social media connections, and expertise. Furtehrmore, hancer users can launch custom P2P betting markets, allowing other users to bet on their events and games. 

Chancer’s second presale closes in on $2 million

The Chancer team wants to raise $2.5 million from its second presale stage and has so far raised $1.99 million. 

The team revealed that there would be 12 presale events, with a combined target of $15 million. In this current presale stage, CHANCER, the native token of the ecosystem, is sold for $0.011 per token, with the price set to increase to $0.012 in the third presale round.

CHANCER will power several activities in the Chancer ecosystem. With the token, users can create custom P2P betting events on the platform and can also bet on markets created by others. 

Currently, CHANCER is not listed on crypto exchanges. The token can be purchased via the official Chancer website. Purchasing CHANCER tokens is easy as it requires investors to simply connect any supported wallets to the presale link. Trust Wallet, MetaMask, Coinbase Wallet, and Rainbow are some supported wallets. 

Visit the Chancer website to get more information about the presale. 

Should you buy CHANCER tokens today?

The presale stage is usually the best time to invest in a Web3 project. At the moment, CHANCER is going for $0.011, and its price will increase to $0.012 in the third presale stage.

Investors who invested in projects during the presale stage have historically made more profits than those who came in later on. This is because, during the presale stage, the tokens can only be purchased by a limited number of investors.

Chancer could become an interesting project if it gains the right level of adoption. Millions of people could be interested in the decentralized betting ecosystem, and Chancer could be a leader in this sector. 

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• 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 to social activities. The ability to develop a P2P market from almost any event expands the scope of betting. This allows Chancer to grow and capture a considerable market niche in the fast-growing betting sector. 

What is Chancer token, and what value does it carry

Chancer token or $CHANCER is the token that will run the blockchain P2P betting platform. Users get rewarded with the token for successful winnings and predictions.

CHANCER derives value from the popularity of the Chancer ecosystem. The more users join and participate in P2P betting, the more the token’s demand and price are unlocked. The prospect makes CHANCER an exciting token since betting is a demanded service. 

Chancer token isn’t restricted to betting only. Users are rewarded with the token for creating the P2P betting markets. The aim is to incentivise more users to engage in market-making activities and grow the platform. Market-making rewards make a substantial investment case for Chancer beyond betting. 

Staking will also be a passive income-generating strategy for Chancer users. Users can stake the native token to facilitate the platform’s growth and earn yields. For sustainability, users get discounted fees when they create or join P2P markets. Additional rewards are earned by sharing the Chancer platform. 

Chancer price prediction in 2023 and 2024

Chancer gears for listing on Uniswap and other CEXs in Q3 2023. The price could start to pick up when the token is available on exchanges. Investors have earmarked up to a 1,000% increase for the token when listed. 

In this prediction, a prudential 100% or more is preferable as a sustainable price gain. The forecast is based on the fact that the Chancer platform will launch later in Q4 2023 and early 2024. 

A 10x increase is preferred in 2024 when Chancer’s demand stems from the use of its platform. In the long term, gains could exceed the 10x estimates as Chancer attracts more usage.

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