Chancer, a blockchain-based predictive markets application, is attracting investors with its newly launched tokens that can defy the bear market. Over $615,560 worth of tokens have been sold in less than a month since the presale launched.
Binance CEO Changpeng Zhao (CZ) recently predicted in a Twitter AMA session that 2025 could be the probable year for a sustained Bitcoin bull market. He believes that this will be triggered by the Bitcoin halving event in 2024, which has historically had a positive effect on Bitcoin’s price.
So what is Chancer and how does it work? It is a blockchain-enabled peer-to-peer (P2P) betting platform, allowing users to bet with friends, colleagues, and other participants via custom markets. Users create P2P markets to predict the outcome of events and processes, and place their own odds and rules. The CHANCER token will be used to run the project, and can also be earned by winning predictions and sharing the platform.
For CHANCER in 2023, the price is currently 0.01 BUSD in the first stage of the presale. While it is difficult to make a prediction, the token could rise by triple digits before the end of the year. This could be the result of listing on Uniswap in the third quarter of the year, and potential 10x increases after listing.
The question remains, is now the right time to buy CHANCER? For investors, buying when the price is low could be beneficial for a higher return-to-risk ratio. As the price will likely rise in the next presales, buying now could be the right decision.
