Bitcoin reached a two-month high earlier this week after reaching the $30,700 level.
The recent spike may spark interest in new web3 projects, including Chancer.
Bitcoin, the world’s leading cryptocurrency by market capitalization, reached an important milestone earlier this week. The cryptocurrency reached the psychological level of $30,000 for the first time since April 2023.
The rally also saw other altcoins make positive gains. With bitcoin still trading around the $30k region, could this be a good time for investors to enter the cryptocurrency market?
Bitcoin rises on ETF hopes
Bitcoin is up more than 18% over the past seven days, allowing it to reach the $30,000 level for the first time in two months.
The rally came after BlackRock, the world’s largest asset manager with nearly $10 trillion in assets under management, filed a request with the US Securities and Exchange Commission (SEC) to Launch of the instant cryptocurrency exchange fund (traded investment funds).
With Bitcoin reaching the $30,000 mark, several other cryptocurrencies have also posted stellar gains over the past two days.
Some investors are optimistic that a bull cycle could be on the horizon. With investors currently optimistic about the market, there are some projects that could present them with an excellent opportunity.
Chancer It is one of the exciting projects that could become successful in the field of cryptocurrency. Let’s take a look at Chancer and what the project is about.
What is a homosexual?
One project investors could consider is Chancer, a unique Web3 peer-to-peer (P2P) dedicated betting platform that allows users to stream live betting events.
As a web 3 focused project, Chancer Decentralized, allowing users to bet on many events, other than sports and popular ones.
The project token is currently in a pre-sale stage, and the developers will use the funds to build a P2P betting platform that allows users to enjoy the betting markets in real time and based on user interests, social media connections, and experience.
In their white paper, Chancer said their platform would remove the difficulties bookmakers put in place. Users can set their own custom P2P betting markets using its decentralized platform.
The main advantage of Chancer is that it works unlike a traditional betting platform in that it supports betting beyond the popular and sporting events that users find in centralized betting platforms.
Apart from betting on sporting activities, users can bet on any event they wish, be it normal or make-up. On Chancer, users can predict exotic events like the day a man walks on Mars or even make personal bets between friends and colleagues to determine the first person to complete a task.
Chancer makes over $300,000 in 10 days
Chancer’s first pre-sale event launched ten days ago, and the team has raised over $300,000 to date. The team is seeking to raise $1 million in its first pre-sale event and has so far raised $333,000, which is 33% of the total amount sought.
Chancer will use the money to develop some of its products. The team will hold 11 additional pre-sale events after that with the expectation of raising $15 million in total.
CHANCER, the native token of the Chancer ecosystem, will be worth $0.01 billion per token. The token is set to power various activities on the Chancer betting platform.
With the CHANCER token, owners can create markets and invest in markets created by other users. Moreover, the CHANCER utility token will enable users to create, participate in and profit from their own predictive markets.
CHANCER is a BNBChain-based token, and the team will allow owners to stake their coins and earn more money by providing liquidity to the ecosystem.
To purchase Chancer tokens, investors can link a wide range of wallets to the pre-sale of Chancer. Supported wallets include Trust Wallet, MetaMask, Coinbase Wallet, and Rainbow.
Visit the Chancer website for more information on Pre-sale.
Should you invest in Chancer?
The cryptocurrency market has been performing well over the past few days, and this has once again excited investors. With more investors entering the market, this could be a good time to invest in solid projects and unlock gems within the ecosystem.
Chancer might be one of the projects that investors should consider. The project is focused on decentralizing the betting ecosystem and could gain significant market share if it gains significant adoption.
The pre-sale is still in its early stages, and the price of CHANCER could go up once the token is listed on several cryptocurrency exchanges.