Crypto markets have been mixed this week, with slight gains and losses across the majority of cryptos. However, one project that has seen strong demand is Chancer. The predictive markets project has seen its presale surpass $1.08 million.
A key factor impacting the market this week is the uncertainty surrounding Ripple’s XRP ruling last month. SEC is reportedly considering appealing the court decision, creating jitters. Investors are also looking ahead to the US non-farm payroll data due on August 4.
Chancer’s presale has been driven by its revolutionary betting model. The project will allow users to create their own betting markets and bet against whomever they want. This decentralised ecosystem promises to offer much more than current bookmakers, and investors have taken note.
Chancer’s token could be a lucrative investment. The token’s value could increase due to its use case in the betting market and its application of blockchain. Additionally, users can earn rewards for creating Chancer markets, staking the token and using the Share2Earn feature.
If the project unlocks value, the token could rise by up to 10x, with the mainnet launching in Q1 2024 and the token listed on centralised exchanges from Q3 2023.