Schlagwort: crypto business

• Chancer introduces blockchain-based betting based on the P2P model

• Chancer could benefit from a strong and growing betting market, valued at 81B in 2022

• The price potential for Chancer is huge and could surpass 1,000% in 2024 and beyond

Have you ever thought of how much potential blockchain-based betting has? Well, the traditional global sports betting market alone was valued at $81.03 billion in 2022. The sector growth is estimated at 9.50% up to 2030. This projection has inspired blockchain-based betting, with Chancer being its firstcomer. Essentially, blockchain is one of the most rapidly growing sectors. Chancer has the potential to beat the growth rate in traditional betting under its novel model.

Chancer’s presale and what it means for investors

Ahead of the launch of its decentralised betting platform, Chancer is welcoming investors. The project launched a presale of the token, $CHANCER, which has seen huge demand. Over $1.65 million has been raised in two months as investors bet big on blockchain betting. 

Investors see the Chancer token as an opportunity for 2023 and beyond. CHANCER will be used to transfer value through the betting platform. Should Chancer become mainstream in betting, the demand and use of the token will increase. This could see the token skyrocket in value and generate sustainable gains in the long term.

Chancer also carries a rare opportunity for creators. Users can create and customise their own betting games and be rewarded. The attribute embodies a peer-to-peer model, where users build Chancer markets on predictive events. This gives Chancer more than a betting use case and makes the platform attractive to investors. Besides, the token can be staked for investors to earn passive income.

How does Chancer work?

Chancer functions as a P2P model, where users relate directly to each other. In P2P betting, users come up with betting events and invite others (peers) to bet for and against them. Users can create a Chancer market for any event, expanding the scope of betting. For example, you can bet about an upcoming marathon, election, or even weather conditions.

Next, users set rules for their betting market. They also decide on the odds of successful winning in the betting event. The flexibility means users are open to what they can do, overcoming restrictions in traditional betting. 

Based on the outcomes of the betting event, users can claim winnings using the Chancer token. The P2P relationship is secured via a decentralised Chancer ecosystem. The system guarantees transparency and trust for bettors and investors.

Besides, Chancer features live streaming using Google-powered WebRTC capabilities. The features allow the community to engage, communicate, and watch live gameplay activities.

Chancer prediction and market potential

It might be too early to judge about the future potential of Chancer. However, being the world’s first blockchain betting platform, the potential is huge. The platform changes how betting is done and gives investors more value and income opportunities. That makes Chancer an attractive investment now and in the future. 

Predicting the Chancer token, sustainable gains could be realised in 2024. Analysts have predicted up to 1,000% increase in price. In the future, the value could rise by bigger margins as the Chancer platform witnesses organic use. 

The price of Chancer could be a bit volatile in 2023 due to high speculation. The volatility allows early investors to cash in on strong price moves when the token is listed in Q3 2023. A price increase of up to three-digit percentages should be considered realistic in 2023. 

Should you invest in Chancer this week?

Chancer’s presale has happened fast, and the listing is drawing closer. Investors that buy the token on presale are more advantaged as they can ride the price momentum after listing. As such, the presale presents an opportunity for investors looking to maximise returns. Investors can buy the token via ETH, USDT, BNB, and BUSD.

The post Inspired by blockchain betting, Chancer seeks to leave a mark in 2023 and beyond appeared first on CoinJournal.

• The crypto fear and greed index haas dropped to the fear zone of 34.

• Chancer network has raised over $1.66 million in a token sale.

The crypto fear and greed index moved to the fear zone of 34 this week as Bitcoin and other cryptocurrencies plunged. Bitcoin moved below $26,000 as it experienced its worst week of the year. Other cryptocurrencies like Ethereum, Cardano, and Oasis Network also slipped, bringing the total market cap to $1.02 trillion.

Fear and greed index slipped

The fear and greed index is one of the most prominent sentiment gauges in the financial market. The initial index was created by CNN Money to provide sentiment in the stock and bond market. It looks at important gauges like the CBOE VIX index, put and call options, and stock price breadth among others.

The crypto fear and greed index, on the other hand, looks at several important measures in the industry. Some of the most important things it looks at are social media activity, volatility, momentum, and dominance.

In most periods, the crypto fear and greed index usually rises when Bitcoin and other cryptocurrencies are rising. It then retreats sharply when Bitcoin and Co are falling. For example, the index remained at the neutral level of 50 when BTC remained at the consolidation phase of $29,000.

Some analysts believe that cryptocurrencies will bounce back in the coming weeks. They cite the fact most big Bitcoin holders, popularly known as whales, have continued holding their positions and have not sold during the recent sell-off. 

In a Twitter post, the head of Pantera Capital argued that Bitcoin has stayed in depressed levels for so long. He now expects that BTC will jump to $35,000 in the near term and then surge to $150k by the next halving event.

#Bitcoin recently experienced the longest period of negative year-over-year returns in its history, lasting 15 months.

The longest period prior was just under a year.

Our view is that we’ve seen enough – there’s just so long markets can be down.

More: https://t.co/REfxkTp9CJ pic.twitter.com/UCEMMcznAM

— Dan Morehead (@dan_pantera) August 23, 2023

Chancer token sale gains steam

Another sign that there is interest in cryptocurrencies is the rising demand for token sales. Chancer, is a new company seeking to disrupt the fast-growing and highly popular industries. The company has raised over $1.65 million from investors in the past few weeks. You can buy the Chancer token here.

Chancer is aiming to become the biggest player in the sports betting and prediction industry. This is a large industry that was estimated worth over $91 billion in 2023. In a report, FMI estimated that the industry will have a compounded annual growth rate (CAGR) of 10% by 2030 to over $245 billion.

Today, the sports betting industry is dominated by highly centralized companies like FanDuel, DraftKings, BetMGM, and Caesars. Internationally, some of the best-known brands are companies like Bwin, Bet365, and William Hill among others.

While these companies work well, there is always room for disruption, especially using the blockchain technology. This is the gap that Chancer is aiming to fill using blockchain technology.

Instead of users being just customers, they will own the ecosystem since the network will use a decentralized autonomous organization (DAO) model. To achieve this, Chancer will be powered by the $CHANCER token. Holders will have important privileges like making decisions in the ecosystem.

Further, $CHANCER holders will have a chance to make money by creating markets and livestreaming them. Some analysts believe that the network could be a game changer if it works. You can read the Chancer white paper here.

The post Crypto fear and greed falls to 34 as Chancer raises $1.65M appeared first on CoinJournal.