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Will traders suffer more losses

3 months ago
in Analysis
Reading Time: 4 mins read
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Key takeaways

Bitcoin dropped beneath the $26k stage on Thursday, with merchants shedding almost $1 billion within the course of.

Chancer’s stage two presale is now closing in on the $1.5 million mark.

The cryptocurrency market has been extraordinarily bearish for the reason that begin of the week. The costs of most cryptocurrencies are down by greater than 5% during the last seven days.

Regardless of the bearish sentiment, Chancer’s presale is ready to hit one other benchmark as stage two is approaching the $1.5 million mark.

Bitcoin drops to the $25k zone

Bitcoin, the world’s main cryptocurrency by market cap, has been extraordinarily bearish over the previous 24 hours. BTC misplaced almost 10% of its worth and dropped to the $25,300 stage late on Thursday.

The bearish development noticed lengthy merchants lose almost $1 billion. Nevertheless, the market is beginning to recuperate, with Bitcoin and others setting new assist ranges. At press time, the value of Bitcoin stands at $26,543. 

What does this imply for Chancer?

The bearish efficiency may see some traders benefit from the low cost value to put money into extra cryptocurrency tasks. Buyers could possibly be seeking to buy extra bitcoins and different cryptocurrencies forward of a probable bullish cycle.

As extra traders search for tasks to put money into, Chancer could possibly be one of many tasks they could take into account. 

Chancer is without doubt one of the thrilling and new tasks at present within the cryptocurrency house. With stage two presale set to hit an vital milestone, it’s clear Chancer is gathering momentum amongst retail traders. 

The Chancer group is at present growing a novel Web3 peer-to-peer (P2P) customized betting platform that might make it attainable for customers to live-stream betting occasions. 

Chancer needs to decentralise the betting business and is leveraging blockchain know-how to attain its goals. 

With Chancer, there are not any restrictions to betting alternatives for customers. This suggests that customers can guess on a variety of occasions, past conventional sports activities and on line casino bets. 

The Chancer presale is in its second stage and has raised almost $1.5 million of the $2 million required. Within the second presale, CHANCER is promoting for $0.011 USDT however will likely be elevated to $0.012 within the third stage. 

Funds raised from the a number of presale occasions will likely be geared in direction of constructing Chancer’s decentralised P2P betting platform. 

The builders will use the funds raised from the varied funding rounds to construct a P2P betting platform. 

In accordance with their whitepaper, Chancer customers may have entry to a variety of options, together with, betting markets in real-time and primarily based on person pursuits, social media connections, and experience. 

Moreover, with Chancer, customers will now not need to take care of the issues related to utilizing bookmakers when betting as they might be allowed to arrange their customized P2P betting markets. 

An vital function of Chancer is that customers can guess on varied actions. Customers can guess on vital sporting or political occasions or trivial ones like the primary to finish a job amongst associates. 

CHANCER to go for $0.012 within the third presale stage

Chancer’s second presale stage will likely be accomplished quickly and the group will transfer to the following part. On this present stage, the CHANCER token goes for $0.011 USDT

Nevertheless, the group will improve the token value to $0.012 within the third presale spherical. Funds generated from the presale will likely be used to develop Chancer’s suite of merchandise. There could be 12 presale occasions, with an gathered goal of $15 million. 

The CHANCER token will energy quite a few actions inside the ecosystem. Token holders can create and put money into markets inside the Chancer ecosystem. Moreover, token holders can even create, take part in, and revenue from their very personal predictive markets. 

The CHANCER token will be bought utilizing quite a few wallets, together with, Belief Pockets, MetaMask, Coinbase Pockets, and Rainbow. 

Go to the Chancer web site to get extra details about the presale. 

Do you have to put money into Chancer now?

The current bearish development out there may see extra traders troop into the market as they search for shopping for alternatives. 

Buyers could possibly be seeking to put money into tasks of their early levels and Chancer could possibly be one of many tasks to think about on account of its distinctive native. 

By decentralising the betting ecosystem, Chancer may acquire large adoption inside the Web3 house and past. The adoption of the Chancer platform may lead to a rally by its native CHANCER token. 

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