Chancer seeks to introduce a P2P betting model.
Chancer pre-sale accelerated, with more than half of the tokens sold in the first phase.
The token could reach triple-digit or four-digit price increments in 2023.
When will cryptocurrencies resume the upward trend after the 2022 and 2023 crashes? Binance CEO Changpeng Zhao (CZ) thinks that 2025 could be the likely year. And while investors may feel this may be a bit far fetched after anticipating a bull market later in 2023 and 2024, interest in cryptocurrencies continues to grow. Investors are taking on newly launched digital currencies that could challenge the bear market. Chancer, the blockchain-based predictive markets application, is attracting investors. Investors bought at least $615,560 worth of tokens in less than a month ago Pre-sale Launched.
CZ predicts a bull market in 2025
In a recent AMA Twitter session, CZ Tell His followers claim that 2025 could be the potential year for a sustainable bull market for Bitcoin. According to CZ, the Bitcoin halving event in 2024 is likely to trigger the bullish trend.
The Binance CEO noted that the historical bullish price action in Bitcoin has followed the halving cycle. If history repeats itself, Bitcoin is poised for a bullish rally in 2025, with the cryptocurrency price as a barometer for the rest of the sector. Notable events leading to the Bitcoin halving were in 2012 and 2016, and CZ predicted a repeat after the halving event in 2024.
The CZ insights confirm the growing sentiment that Bitcoin is poised for a bull market after the price recently attempted to breach the $30,000 barrier. Investors were hoping for a possible rally over the next two months.
However, the macroeconomic concerns are not clear yet, which means that a potential bull market could happen in or over a year. With this, investors can look for opportunities in newly launched projects to pick up the initial momentum before the bull market. The part-timer could capitalize on that sentiment, given the quick pre-sale.
What is Chancer and how does it work?
Chancer is a peer-to-peer (P2P) betting platform that supports blockchain technology. As the name suggests, the platform allows users to bet with friends, colleagues, and other participants via dedicated marketplaces. Chancer works quite simply.
Users create P2P marketplaces to predict the outcome of key events, operations, episodes, and much more. Unlike traditional betting, which betting markets and odds are determined by bookmakers, Chancer allows users to decide what they want to bet on.
Users also set odds and rules that guide betting and claiming winnings. All of these are enabled via a secure decentralized platform powered by Binance Smart Chain.
CHANCER will be the token for running Project Chancer. Users earn CHANCER by winning successful predictions, creating Chancer Markets, or sharing the platform with others. The token will also be available for betting, allowing investors to earn passive income by committing their holdings to the growth of the platform.
CHANCER EXPECTED IN 2023
Chancer is only in its infancy, and the grand prediction for 2023 may be overambitious. However, the project is attracting global interest, which could push it to a higher value.
With CHANCER priced at $0.01 in the first phase of the pre-sale, the value could go up by triple digits before the end of 2023. The prediction is based on the fact that CHANCER will start listing in Q3 2023, starting with Uniswap, giving it a chance to go higher. in value.
Although the tokens will rise by 10x after listing, which would also be realistic for CHANCER, these increases may be limited to 2023. This is because product development is still ongoing, with the potential for huge increases in value in 2024.
IS THIS THE TIME TO BUY A CHANCER?
There is never a good time to buy Chancer. However, it is better for investors to buy now when the price is low to increase the risk-reward ratio. The price of the token will go up in the next pre-sale, which means buying now might be the right idea for investors.