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Key takeaways

• Bitcoin dropped under the $26k stage on Thursday, with traders shedding practically $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 more than 5% during the last seven days.

Despite the bearish sentiment, Chancer’s presale is about 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 practically 10% of its worth and dropped to the $25,300 stage late on Thursday.

The bearish development noticed lengthy traders lose practically $1 billion. However, the market is beginning to get better, with Bitcoin and others setting new assist ranges. At press time, the price of Bitcoin stands at $26,543. 

What does this imply for Chancer?

The bearish efficiency may see some traders reap the benefits of the low cost value to spend money on more cryptocurrency initiatives. Investors might be trying to buy more bitcoins and different cryptocurrencies forward of a possible bullish cycle.

As more traders search for initiatives to spend money on, Chancer might be one of many initiatives they could take into account. 

Chancer is among the thrilling and new initiatives at the moment within the cryptocurrency area. With stage two presale set to hit an essential milestone, it’s clear Chancer is gathering momentum amongst retail traders. 

The Chancer workforce is at the moment growing a singular Web3 peer-to-peer (P2P) customized betting platform that will make it potential for customers to live-stream betting occasions. 

Chancer desires to decentralise the betting trade and is leveraging blockchain know-how to attain its goals. 

With Chancer, there aren’t any restrictions to betting alternatives for customers. This implies that customers can wager 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 practically $1.5 million of the $2 million required. In the second presale, CHANCER is promoting for $0.011 USDT however will likely be elevated to $0.012 within the third stage. 

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

The builders will use the funds raised from the varied funding rounds to construct a P2P betting platform. 

According to their whitepaper, Chancer customers can have entry to a variety of options, together with, betting markets in real-time and primarily based on consumer pursuits, social media connections, and experience. 

Furthermore, with Chancer, customers will now not must cope with the issues related to utilizing bookmakers when betting as they might be allowed to arrange their customized P2P betting markets. 

An essential function of Chancer is that customers can wager on varied actions. Users can wager on essential sporting or political occasions or trivial ones like the primary to finish a activity amongst buddies. 

CHANCER to go for $0.012 within the third presale stage

Chancer’s second presale stage will likely be accomplished quickly and the workforce will transfer to the subsequent section. In this present stage, the CHANCER token goes for $0.011 USDT

However, the workforce will improve the token value to $0.012 within the third presale spherical. Funds generated from the presale will likely be used to develop Chancer’s suite of merchandise. There could 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. Furthermore, 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, Trust Wallet, MetaMask, Coinbase Wallet, and Rainbow. 

Visit the Chancer website to get more details about the presale. 

Should you spend money on Chancer now?

The latest bearish development available in the market may see more traders troop into the market as they search for shopping for alternatives. 

Investors might be trying to spend money on initiatives of their early phases and Chancer might be one of many initiatives to think about attributable to its distinctive native. 

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