Bitcoin Cash (BCH) was the top performer amongst the top 100 cryptocurrencies by market cap in the last month. After rallying by more than 200%, BCH hit the $320 mark by the end of June. However, it has since slightly retraced and is trading at $283 at the time of writing.
Technical indicators suggest that Bitcoin Cash could start a bearish run in the near future, and its price could test the next key support at $210 – the 25-day moving average. But if Bitcoin and the broader crypto market maintain their positive momentum, BCH could continue its upward trajectory.
One of the projects that could see great adoption is Chancer. This is a unique Web3 peer-to-peer (P2P) custom betting platform which enables users to live stream betting events. Chancer is different from other betting platforms as it is decentralised. This means that users can bet on any event they want, beyond sporting and popular ones.
The Chancer team is currently in its presale stage and has raised over $600k, reaching more than 60% of their target. They hope to raise $15 million by the end of the 12 presale events. The CHANCER token, which powers the platform, is currently going for $0.01 BUSD per token.
With more institutional and retail investors entering the market, this could be a great time to invest in strong projects like Chancer. The presale is still in its early stages, and the CHANCER token could soar once it lists on decentralised and centralised trading platforms.
