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Will merchants endure extra losses

by SB Crypto Guru News
August 18, 2023
in Analysis
Reading Time: 4 mins read
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Will merchants endure extra losses

Key takeaways

  • Bitcoin dropped beneath the $26k stage on Thursday, with merchants dropping 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 get better, with Bitcoin and others setting new help ranges. At press time, the worth of Bitcoin stands at $26,543. 

What does this imply for Chancer?

The bearish efficiency may see some buyers make the most of the low cost worth to spend money on extra cryptocurrency tasks. Traders might be seeking to buy extra bitcoins and different cryptocurrencies forward of a probable bullish cycle.

As extra buyers search for tasks to spend money on, Chancer might be one of many tasks they could think about. 

Chancer is without doubt one of the thrilling and new tasks presently within the cryptocurrency area. With stage two presale set to hit an essential milestone, it’s clear Chancer is gathering momentum amongst retail buyers. 

The Chancer staff is presently growing a novel Web3 peer-to-peer (P2P) customized betting platform that may make it attainable for customers to live-stream betting occasions. 

Chancer needs to decentralise the betting business and is leveraging blockchain expertise to realize its targets. 

With Chancer, there are not any restrictions to betting alternatives for customers. This means 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 can be elevated to $0.012 within the third stage. 

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

The builders will use the funds raised from the assorted 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 not need to cope with the issues related to utilizing bookmakers when betting as they might be allowed to arrange their customized P2P betting markets. 

An essential characteristic of Chancer is that customers can guess on varied actions. Customers can guess on essential 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 can be accomplished quickly and the staff will transfer to the following part. On this present stage, the CHANCER token goes for $0.011 USDT

Nevertheless, the staff will enhance the token worth to $0.012 within the third presale spherical. Funds generated from the presale can be used to develop Chancer’s suite of merchandise. There can be 12 presale occasions, with an amassed goal of $15 million. 

The CHANCER token will energy quite a few actions throughout the ecosystem. Token holders can create and spend money on markets throughout the Chancer ecosystem. Moreover, token holders may create, take part in, and revenue from their very personal predictive markets. 

The CHANCER token could 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 spend money on Chancer now?

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

Traders might be seeking to spend money on tasks of their early phases and Chancer might be one of many tasks to think about attributable to its distinctive native. 

By decentralising the betting ecosystem, Chancer may achieve large adoption throughout the Web3 area and past. The adoption of the Chancer platform may end in a rally by its native CHANCER token. 


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