Kategorie: Crypto News

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Chancer sells over 2 million tokens as Bitcoin’s price stabilises

Key takeaways

  • Chancer has sold more than two million tokens so far in its presale, raising nearly $800,000 in the process.

  • Bitcoin continues to maintain its value above $30k as more investors become bullish. 

The cryptocurrency market rallied last week following the news that XRP is not considered a security. Several cryptocurrency exchanges, including Coinbase and Kraken, relisted XRP on their platforms afterwards. 

Bitcoin, the world’s leading cryptocurrency by market cap, continues to maintain its value above the $30k level. This has allowed other cryptocurrencies to experience positive performance. 

Chancer, still in its presale stage, is also setting new records, with nearly $800,000 raised by the team so far. 

Bitcoin maintains its price above $30k

Bitcoin has been trading between the $29k-$31k region over the past three weeks. Following Ripple’s partial win in court, Bitcoin rallied close to the $32k level before retracing towards $29k on Friday.

However, Bitcoin is now trading above $30k once again as investors remain optimistic about the medium and long-term outlook of the market. At press time, the price of Bitcoin stands at $30,165 per coin. 

What is Chancer?

The total cryptocurrency market cap has stayed above $1 trillion for more than a month, indicating that interest in the market remains strong. 

With the market experiencing a pullback following Ripple’s judgement last week, investors might be looking at some new and exciting projects. Chancer is one of the exciting and new projects currently in the cryptocurrency space. 

Chancer is a unique Web3 peer-to-peer (P2P) custom betting platform designed to enable users to live stream betting events. 

In an age where everything is becoming decentralised, Chancer is looking to do the same to the betting industry. Chancer has adopted a decentralised method of betting and online gambling.

Another exciting feature of Chancer is that it allows users to bet on a wide range of events, beyond traditional sports and casino bets. 

The project is in its presale stage, and the first stage is almost over. The team aims to raise $1 million in the first presale stage and has so far raised $794k. The developers will use the funds raised from the various funding rounds to build a P2P betting platform. 

According to their whitepaper, Chancer would allow users to enjoy numerous features, including, betting markets in real-time and based on user interests, social media connections, and expertise. 

Furthermore, Chancer claims that it wants to solve the problems associated with using bookmakers when betting. Users would be allowed to set up their custom P2P betting markets. 

One of the biggest selling points of Chancer is that users can bet on various activities. It doesn’t matter if it is an official event or not. The bet can range from sporting events and even non-sporting ones amongst friends. 

You can bet on the first one in your group to finish a specific task or to achieve a certain milestone. 

Chancer’s first presale stage is 80% completed

Chancer’s presale event will take place in stages, and the first one is nearly 80% completed. So far, the team has raised nearly $800k.

The development team will use the funds to develop its suite of products. The team intends to carry out 12 presale events, with a target of $15 million. 

CHANCER is the native token of the Chancer ecosystem. At the moment, CHANCER is going for $0.01 BUSD per token.

According to the team, the token will power various activities on the Chancer platform. Users that hold CHANCER can create markets and invest in markets created by other users. 

In addition to that, holding CHANCER would allow users to create, participate in, and profit from their very own predictive markets. 

Currently, Chancer supports numerous wallets for the presale, including, Trust Wallet, MetaMask, Coinbase Wallet, and Rainbow. 

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

Should you invest in Chancer now?

Chancer could be one of the best new projects to enter the market this year. By decentralising the betting ecosystem, Chancer could gain massive adoption over the next few months and years.

If Chancer gains massive adoption, its native token could experience a surge in price in the medium and long term. In addition to that, CHANCER’s price could also rally higher if the broader cryptocurrency market continues its positive performance in the coming months. 

The post Chancer sells over 2 million tokens as Bitcoin’s price stabilises appeared first on CoinJournal.

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zkSync unveils new proof system dubbed Boojum

  • Boojum upgrade is live as zkSync Era transitions to a new STARK-powered proof system.
  • The new proof system is designed to power world-class performance on regular consumer-grade hardware.
  • zkSync is rolling out the feature in phases as it tests out its security and functionality.

zkSync Era, a zero knowledge (ZK) proofs layer 2 protocol for Ethereum, has announced its high-performance proof system called Boojum.

According to the team, the upgrade is not only to scale network performance but also significantly improve on its overall decentralisation by allowing for the use of consumer-grade hardware.

New zkSync Era upgrade

Boojum is a Rust-based arithmetization and constraint library that zkSync is transitioning to from its SNARK-based prover system. The protocol noted in an announcement on Monday that the new proof system will power the platform’s upgraded version of ZK circuits.

While zkSync Era can currently process over 100 transactions per second (TPS), Boojum is expected to considerably bump this up. On top of that, the team targets near-real-time and cheap transactions.

“Our current SNARK-based system, while effective for today, won’t scale to the high-volume, near real-time transactions the ZK Stack, where zkSync Era operates as a Hyperchain, aims to support in the coming years. The future we imagine for these systems is one in which proofs are generated and verified cheaply and quickly, allowing for fast finality and interoperability between Hyperchains,” the zkSync Era team wrote.

In terms of reducing hardware requirements, Boojum will allow for GPU provers with as little as 16 GB of RAM. The move to have such a low barrier is crucial to supporting an increasingly decentralised ecosystem.

Today’s rollout of Boojum upgrade will incorporate a phased out integration into mainnet. While live on the mainnet, the upgrade’s first implementation is in “shadow mode”. It means the team will run the new proof system in tandem with the current one.

However, while Boojum will be in testing mode, “shadow proofs” will be generated and verified from real production data on Mainnet blocks. zkSync will continually work on the ecosystem to fine-tune the upgrade’s functionality as it moves closer to full migration.

The post zkSync unveils new proof system dubbed Boojum appeared first on CoinJournal.

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Ripple technical analysis update following last week’s landmark federal ruling

  • A US federal judge ruled last week that Ripple is a security when sold to institutional investors
  • Ripple’s price jumped by more than 30%
  • Only a close above parity would invalidate the bearish bias

Ripple squeezed higher last week following a landmark decision from a federal judge ruling that it is a security when sold to institutional investors. If crypto is a security or not has been the subject of many debates lately.

The ruling is a major victory for Ripple, even though the same judge ruled that Ripple is not a security when sold to retail investors. Nevertheless, Ripple’s price bounced from its long-term consolidation area, up over 30% in one single day.

For technical traders, the question is whether the higher spike is enough to break the bearish trend. As it turns out, bulls will have to push some more for Ripple’s bearish trend to end.

Ripple chart by TradingView

Ripple should trade above parity with the US dollar for the bearish bias to end

Despite the spike higher, Ripple’s price remains under pressure unless it manages to climb above parity with the US dollar.

In other words, it remains sensitive to US dollar news, and any dollar strength should result in Ripple giving up more of its recent games.

However, it would all change if the market climbs above parity. This area has provided resistance since the start of 2022 and still does – after all, it contained the price action following last week’s news.

The good part for bulls is that breakout came at the end of a bullish triangle. The said triangle acted as a reversal pattern, and triangles like these usually appear at the end of bearish trends.

All in all, the bias remains bearish unless more strength leads to Ripple trading above parity. Until then, look for US dollar news to drive the price action.

The post Ripple technical analysis update following last week’s landmark federal ruling appeared first on CoinJournal.

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Katie Haun: SEC “unlikely” to appeal XRP decision

  • Katie Haun is the founder and CEO of Haun Ventures and also a former US Department of Justice prosecutor.
  • In a tweet on Sunday, Haun said the SEC is unlikely to appeal as the agency wouldn’t want to lose on appeal.
  • XRP price rose significantly after the judge’s summary ruling.

Katie Haun, the founder and CEO of Haun Ventures and former prosecutor at the US Department of Justice, believes the US Securities and Exchange Commission (SEC) is unlikely to seek an “immediate appeal” of the court ruling that effectively declared XRP not a security.

SEC immediate appeal “unlikely”

Haun, who sees the win for Ripple after its tussle with the agency as a great outcome for crypto, shared her opinion via tweeted remarks on Sunday. The comments follow last week’s summary court ruling that was largely welcome across the industry.

“I’ve spoken with trusted legal colleagues (including @HaunVenturesv advisors Steve Engel and James Burnham) and the consensus is that the court drew a reasonable line—distinguishing between XRP itself (not an investment contract and thus not a security) and certain XRP transactions in which institutional investors paid money to Ripple directly and Ripple made contractual commitments in exchange, creating an investment contract under Howey,” Haun tweeted.

According to her, the distinction has offered the crypto industry an avenue to explore in cases the SEC has brought against some of the top exchanges. The argument here is that “tokens are never “investment contracts” on their own.”

“Only binding contracts imposing post-sale obligations on the seller can constitute investment contracts and hence tokens traded on exchanges or secondary markets would almost never qualify.”

On whether the SEC will appeal the court’s decision, Haun notes that there’s a possibility it could. However, it’s unlikely to be an immediate appeal. On why this could be the case, the former a16z fund manager explained:

“… an immediate appeal seems unlikely both because the agency would have to ask the court to split this decision from the portion going to trial and because I’m skeptical the SEC actually wants legal clarity. The Commission benefits from the current confusion and losing these issues on appeal would jeopardize its entire enforcement agenda. So I’d be surprised if the SEC tried to appeal now.”

Congress needs to step in

XRP price skyrocketed more than 100% as a result, hitting highs of $0.94. However, the coin’s value is hovering near $0.75.  The partial win for Ripple could be key in pushing XRP above the $1 supply wall.

Some observers have opined that the court’s decision could be reversed on appeal, while some say Ripple faces a significant penalty in case of settlement. The overall sentiment though is that while the ruling delivered a blow to the SEC, what remains to be seen is what it does for the broader question of regulation. 

Can Congress step in? Haun says it’s imperative they do so.

“Even if the outcome here was positive overall, the complexity of the court’s reasoning suggests that existing laws and jurisprudence may be ill-equipped to contend with all the important policy concerns at play. The major questions doctrine seems built for crypto at this moment: major decisions on policy like this are for Congress, not unelected agencies,” she noted.

The post Katie Haun: SEC “unlikely” to appeal XRP decision appeared first on CoinJournal.

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AltSignals AI angle attracts investors to native token amid huge price prediction

  • AltSignals is in its second presale phase with huge demand for the tokens.

  • AI has grown popular, with AltSignals expecting it to increase the quality of trading signals.

  • $ASI price could start to rise in the third quarter as the token will begin to list.

There has been a new reawakening in artificial intelligence since ChatGPT was created, and big tech companies started making multi-billion-dollar investments in the sector. One company that has realised this trend is AltSignals, a trading signal service platform founded in 2017. Since launching the presale of the $ASI token, powering the AltSignals AI platform, investors have been accumulating. The first presale phase sold out quickly, and more than half of the tokens are bought in the second phase.

The power of AI trading and AltSignals iteration

Trading is becoming automated daily, and AI is becoming integral to that. The trading industry has used automation for enhanced market analysis and predictions. Since starting in 2017, AltSignals has benefited from automation, using the AltAlgo™ indicator to generate quality trading signals. That has made it an on-demand platform, attracting over 52,000 members on Telegram and more than 1,400 VIPs.

AltSignals want to take the game of automation to the next level. Owing to the increasing popularity of AI, the company seeks to incorporate AI to tap into the power of deep machine learning, forecasting, and sentimental analysis. The company expects AI to increase the quality of signals generated. 

AltSignals also expects AI to revolutionise trading experiences. With AI, traders can make entries with clearer confluences and better risk management. With an already winning strategy that generates signals with average success rates of over 64%, AltSignals expects AI to be a game-changer for its trading community.

What buying $ASI means

Investors buying $ASI will have access to the AltSignals AI platform dubbed ActualizeAI. The platform confers investors full benefits of trading signals and interacting with other traders. $ASI also decentralises AltSignals governance. Members can vote on issues and determine the directions taken by the AltSignals team.

But AltSignals also want investors to grow with the platform. As such, there will be trading competitions and tournaments. Users participating in the contests will have an additional chance to win $ASI. This could be ideal for investors looking to advance their skills in trading by learning from others and applying their competencies. 

Members of ActualizeAI have exclusive access to presale opportunities and future AI-powered products. The AI Members Club also lets users earn $ASI by giving their ideas and feedback on AlSignals products. 

Is AltSignals a good investment, and what is its price potential in 2023?

Altsignals powers a demanded service. The platform has a following and is only advancing to the next level. Investing in $ASI means taking a position in an already successful platform. It could be a good investment for investors looking to improve their trading or benefit from quality trading signals to increase their incomes. 

$ASI also carries huge potential given the already successful project and growing application of AI. As the presale has shown, the demand for the token is already high. The token could explode in value and generate returns for investors.

The price of $ASI could start to rise in the third quarter of 2023 when the token will list on Uniswap. However, the real price potential could be realised when the AI platform launches in early 2024 and more investors join. 

In a conservative prediction, double or triple-digit price increases should be the minimum by the end of 2023. In 2024, the price could rise by over 1,000%, following similar trends set by newly launched projects and tokens.

Should you buy $ASI this week?

$ASI is valued at $0.01875 this week and is in its second presale phase. The price began at $0.015 in the first phase and will rise at each stage. Buying now could be ideal for investors looking to spend less and get more before the price increases.

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