Cryptocurrencies and stocks showed mixed results this week, as corporate earnings season continued. The tech-heavy Nasdaq 100 index dropped due to weak guidance from companies like Netflix and Nvidia. On the other hand, the Dow Jones index rose after strong bank earnings.
Bitcoin, however, remained under pressure, with the crypto fear and greed index at 52. It moved slightly below the key support at $30k, indicating that bears are dominating bulls. Ethereum declined to $1,800, while coins such as Tron and Chainlink surged during the week.
Chancer was another market event this week. The token sale has sold over 9.3 million tokens worth more than $927k. The goal is to get to 12.6 million tokens in the first phase of the sale. This gained momentum after the introduction of additional cryptocurrencies like Ethereum, Tether, Binance Coin, and Binance USD.
Chancer aims to introduce a new way to bet on sports, political campaigns, economic data, and more. There will also be the option to create markets and live stream to the entire ecosystem. Chancer will be highly decentralized, with token holders having a say in the platform’s features and pricing, and will share profits made by the company.
Looking ahead, Chancer is an ambitious project seeking to disrupt a well-established industry with substantial resources. To compete, it will need to raise funds through a token sale, which will be used to build the platform and market it globally. Chancer has some features that set it apart, such as decentralization and the ability to create markets, as well as mobile application and blockchain technology integration.
Investing in presale tokens is always risky, so it is important to use proper risk management strategies when purchasing the token. For example, only allocate a small portion of funds to these tokens.
Chancer’s token sale comes at a time when inflation has dropped and demand for cryptocurrencies is still high. This suggests the token may perform well when listed on decentralized and centralized exchanges, and when the developers make announcements.
