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Key takeaways

• Bitcoin continues to commerce under the $26k stage and will drop decrease as traders await new CPI information.

• Chancer’s stage two presale is quick closing in on the specified $2 million mark. 

The cryptocurrency market has underperformed over the previous seven days. Bitcoin continues to commerce under the $26k mark, whereas the overall cryptocurrency market cap now stands at round $1.03 trillion. 

Despite the bearish pattern available in the market, Chancer’s stage two presale is about to hit the $1.8 million mark. 

Bitcoin may drop to $25k as traders await new CPI information

Bitcoin, the world’s main cryptocurrency by market cap, is down by lower than 1% during the last 24 hours. At press time, the price of Bitcoin stands at $25,706 per coin.

The main cryptocurrency may expertise an additional decline in costs as traders await this week’s CPI information. The US Core CPI figures for August are set to be launched on Wednesday, September 13, 2023.

Market analysts predict the August core CPI to rise at a 0.4% month-to-month fee. An improve in inflation ranges may see the US Federal Reserve increase rates of interest directly another time this yr. If that occurs, Bitcoin may drop towards the $25k stage within the close to time period. 

What is Chancer?

The broader cryptocurrency has been underperforming for the reason that begin of the month, however that hasn’t affected Chancer’s presale. Chancer is a Web3 challenge designed to decentralise the betting ecosystem. 

According to its whitepaper, Chancer is a web3 peer-to-peer (P2P) {custom} betting platform that permits customers to put bets on a variety of occasions, together with custom-made ones. Bets on the platform will be live-streamed to make sure transparency. 

Furthermore, Chancer will function as a totally decentralised on-line gaming platform. The platform seeks to enhance the present providers supplied by conventional sports activities and on line casino betting platforms. Chancer customers can wager on any occasion, even ones they make up themselves. 

The group revealed that the funds generated from the presale rounds could be channelled in the direction of constructing Chancer’s decentralised P2P betting platform. They would develop the platform to have thrilling options, together with betting markets in real-time and primarily based on consumer pursuits, social media connections, and experience. 

Furthermore, customers can launch {custom} P2P betting markets, permitting different customers to wager on their occasions and video games. 

Chancer’s second presale closes in on $1.8 million

Chancer is presently in its stage two presale and has raised almost 90% of the required funds. The group is near hitting the $1.8 million mark within the second presale stage. 

According to the Chancer group, there could be 12 presale occasions, with a mixed goal of $15 million. In this present stage, CHANCER, the native token of the ecosystem, goes for $0.011 per token, with the value set to extend to $0.012 within the third presale spherical.

The token would have quite a few utilities on the platform. Token holders can create {custom} P2P betting occasions on the Chancer platform and likewise take part in markets launched by others. 

CHANCER token additionally permits customers to create, take part in, and revenue from their predictive markets. The token will be bought by way of the official Chancer web site. Simply join any supported wallets to the presale hyperlink. Trust Wallet, MetaMask, Coinbase Wallet, and Rainbow are some supported wallets. 

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

Should you purchase CHANCER tokens now?

One of the most effective occasions to spend money on Web3 initiatives is throughout their presale. During this era, the tokens can solely be bought by a restricted variety of traders, and their costs are normally low. 

Chancer is an thrilling Web3 challenge and will grow to be a pacesetter in its area of interest. If the challenge succeeds, Chancer may achieve huge adoption over the approaching months and years.