Kategorie: Crypto News

• The token of SEI Network debuts on Binance on August 15, with price estimates of $0.26

• The token of the Chancer platform, a predictive markets application, will list in Q3 2023

• Chancer token could rise by up to 10x after debuting with higher predictions in the future.

Binance is set to debut the token of Layer-1 blockchain SEI Network on August 15. Traders have huge expectations of the token, with its market expected to hit almost half a billion US dollars. Meanwhile, the robust presale of Chancer token continues, with over $1.225 million raised. The prospect of peer-to-peer betting by Chancer has accelerated the presale. Investors can buy the token via ETH, USDT, BNB, and BUSD.

Upcoming SEI token debut and price predictions

SEI, the token of the SEI Network, will go live on Binance on August 15. The listing comes amid positive predictions, with price estimates of $0.26 immediately after going live. A pre-listing futures data by Aevo shows at the estimated price, SEI will have a market cap of $486 million.

It means that SEI will enter the top 100 cryptocurrencies by market cap after listing. The token will have a circulating supply of 1.8 billion, equivalent to 18% of its 10 billion total supply. SEI’s pre-listing futures contracts went live on Aevo on Wednesday. They allow traders and investors to speculate on the post-listing price of the token.

About Chancer and the Chancer token

Chancer is the world’s first blockchain-based predictive market application. The Chancer token will be the unit of exchanging value on the platform and claiming winnings.

The platform enables betting in a P2P environment. What has made Chancer exciting is that it allows betting on multiple events. Users create P2P markets, decide what to bet on, determine rules and odds, and invite others. 

Let’s say you predict that it will rain in the evening. You can create a Chancer market and invite your friends to place bets for or against the outcome. Winners get rewarded with a Chancer token.

Chancer decentralises betting by taking betting to blockchain and allowing users to be in charge. This allows more users to join and benefit from the predictive market. 

What value does the Chancer token carry?

Like any other cryptocurrency, Chancer carries value based on current and future price movements. Presently, the token is valued at $0.011, with the price increasing at each presale stage. In the future, the token’s value could be higher when it is listed on exchanges. Investors buying the token will benefit from a potential price surge. With betting a popular sector, a high price potential remains. 

Chancer also carries value for investors for continued use of the platform. Users can join in on live betting games, create Chancer markets, and claim winnings on accurate predictions. Investors can also stake the token for passive income. 

Chancer presale and listing

Chancer’s presale will occur in 12 phases, targeting $15,000,000. The presale is in the second stage, with the selling occurring fast, barely two months since it was launched.

The Chancer token will be listed in Q3 2023, starting with Uniswap. The aim is to get the token on at least two centralised exchanges in the third quarter. The listing will welcome more demand for the token, and the price could skyrocket. 

Chancer token prediction

Although predicting a new token is quite subjective, a price increase of up to 10x is not off the table. Newly-launched tokens have risen by similar margins a few weeks after listing. Given the huge expectation around the Chancer platform, high speculation is a plus for the token. Thus, a price of up to 10x is possible in 2024 and near similar margins in 2023.

In 2025 and beyond, Chancer could be a 20x or more investment. The value could increase consistently into the future as blockchain-based betting gathers momentum. This means Chancer is a potential investment that can deliver sustainable returns over time.

The post Huge predictions for SEI token ahead of debut, while Chancer token could be next appeared first on CoinJournal.

Key takeaways

• Shiba Inu is up by more than 30% over the last 30 days, outperforming other major cryptocurrencies.

• Chancer’s presale is now closing in on the $1.3 million mark. 

Shiba Inu has outperformed the other major cryptocurrencies over the past 30 days and could be set to surge higher ahead of the Shibarium launch.

Chancer’s presale continues to move according to plan, with more than $1.2 million raised so far in the current stage.

SHIB rallies ahead of Shibarium launch

SHIB, the native token of the Shiba Inu ecosystem, is up by more than 30% over the last month. The rally makes it the best performer amongst the top 20 cryptocurrencies by market cap during that period.

At press time, the price of Shiba Inu stands at $0.00001006 per token. The rally can be attributed to the upcoming Shibarium launch. The Shibarium launch is expected to take place over the next few days or weeks. 

Shibarium is Shiba Inu’s upcoming layer-2 blockchain network built on Ethereum. The blockchain is expected to transform Shiba Inu, a memecoin, into a complete ecosystem.

SHIB could rally higher and likely hit a one-year high of $0.00014 once Shibarium launches. 

What is Chancer?

While Shiba Inu has been rallying, the broader market has been stagnant. However, that hasn’t affected Chancer’s presale. Chancer is a web3 project designed to decentralise the betting ecosystem. 

Chancer is 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. The bets can be live-streamed to ensure transparency. Chancer will operate as a completely decentralised online gaming platform.

Chancer’s platform wants to improve the services offered by traditional sports and casino betting platforms. Chancer users can bet on any event, even ones they make up themselves. 

The funds from the presale rounds would be channelled towards building Chancer’s decentralised P2P betting platform. The Chancer platform will come with some exciting features, including betting markets in real-time and based on user interests, social media connections, and expertise. 

Users can set up their custom P2P betting markets, allowing other users to bet on their events and games. 

Chancer’s second presale closes in on $1.3 million

Chancer is currently in its second presale stage, and it has raised more than 60% of the required funds. So far, the team is close to generating $1.3 million in the second stage. 

There will be 12 presale events, with a combined target of $15 million. In the second stage, CHANCER, the native token of the ecosystem, is going for $0.011 per token, with the price set to increase to $0.012 in the third presale round.

CHANCER will power so many activities on the platform. By holding the token, users can create custom P2P betting events on the Chancer platform. Users can also participate in markets launched by others. 

With the CHANCER token, users can create, participate in, and profit from their predictive markets. 

The CHANCER token can be purchased via the official Chancer website. 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 now?

Presale is perhaps the best time to invest in Web3 projects. During this period, the project is only accessible to a limited number of investors, and prices are usually discounted. 

Chancer could become a leading Web3 project thanks to its effort of trying to decentralise the betting ecosystem. If it succeeds, Chancer could gain massive adoption over the coming months and years.

If the adoption level rises, CHANCER’s price could experience a massive surge, and early investors could benefit. 

The post Shiba Inu price prediction as Chancer’s presale approaches $1.3M appeared first on CoinJournal.

• Cardano has been criticized as one of the biggest ghost chains in the industry.

• But its metrics shows that its network activity is doing well.

Cardano, one of the most popular blockchains, is also a highly controversial one as concerns about its ecosystem growth remain. Some crypto watchers believe that it is a highly overvalued project while others argue it is a ghost chain. 

Is Cardano a ghost chain?

A ghost chain is defined as a crypto project that has nothing going on in its ecosystem. And there are so many such chains in the crypto industry. Some of the top ghost chains are Kadena, Velas, and XDS Network among others.

Cardano, on the other hand, cannot be defined as a ghost chain because its ecosystem is growing. For example, its DeFi ecosystem is thriving even as the crypto winter continues. Data compiled by DeFi Llama shows that Cardano’s TVL has jumped to $227 million, making it the 14th biggest chain in the world.

In ADA terms, Cardano’s TVL has jumped to an all-time high of over 750 million ADA coins. This growth has been driven by the rising number of DeFi protocols in Cardano and the performance of platforms like MuesliSwap, MinSwap, SundaeSwap, and Indigo.

Further, Cardano also has many users. As shown below, the network is averaging over 30k daily users. Most ghost chains rarely have any users.

Cardano is also active in the NFT industry. Data by CryptoSlam shows that the total sales of Cardano NFTs in the past 24 hours totaled $277k, making it the eighth biggest player in the industry after Ethereum, Polygon, Mythos, Immutable X, BNB Chain, and Bitcoin.

Cardano’s valuation is stretched

Therefore, we can conclude without a doubt that Cardano is not a ghost chain. Instead, I believe that Cardano is just highly overvalued. According to CoinMarketCap, Cardano is valued at over $10 billion. At its peak, it was valued at over $90 billion. 

Despite the drawdown, it is hard to explain this valuation since $10 billion is a lot of money. Its valuation means that Cardano is valued higher than American Airlines, Lazard, and Moelis. 

The biggest challenge is that the ecosystem is getting highly competitive. Most of this competition is coming from layer-2 networks like Arbitrum, Polygon, Base, and Optimism among others.

Cardano has also failed to attract the biggest players in industries like tokenization, stablecoins, and DeFi. Instead, big players like AAVE, Uniswap, and PancakeSwap have moved to L2 networks.

How to buy Cardano

The post Is Cardano a ghost chain? No. Just extremely overvalued appeared first on CoinJournal.