Chancer seeks to introduce a P2P betting model.
Chancer’s presale has accelerated, with over half of the tokens sold in the first stage.
The token could hit three-digit or four-digit percentage price increases in 2023.
When will cryptocurrencies resume a bullish trend after a down-beaten 2022 and 2023? Binance CEO Changpeng Zhao (CZ) thinks 2025 could be the likely year. And while investors may feel this might be a little bit far after expecting the bull market later in 2023 and 2024, the interest in crypto keeps growing. Investors are banking on newly launched tokens that can defy the bear market. Chancer, a blockchain-based predictive markets application, has been attracting investors. Investors have bought at least $615,560 worth of tokens in less than a month since the presale launched.
CZ predicts a bull market in 2025
In a recent AMA Twitter session, CZ told his followers that 2025 could be the probable year for a sustained Bitcoin bull market. According to CZ, the Bitcoin halving event in 2024 will likely catalyse the bullishness.
The Binance CEO pointed out that historical bull price movements in Bitcoin have followed the halving cycles. If history is to repeat itself, Bitcoin is set for a bullish surge in 2025, with the cryptocurrency’s price seen as a barometer for the rest of the sector. Notable halving events propelling Bitcoin’s price were in 2012 and 2016, and CZ projects a repeat after the halving event in 2024.
CZ’s insights underline growing sentiments that Bitcoin is set for a bullish market after the price recently attempted to break above the $30,000 barrier. Investors have been hopeful of a likely bull run over the next couple of months.
Nonetheless, macroeconomic concerns are yet to clear, meaning that a potential bull market could occur in or over a year. With this, investors could be looking for opportunities in newly launched projects to capture initial momentums before the bullish market. Chancer could be benefiting from this sentiment, given the fast-selling presale.
What is Chancer, and how does it work?
Chancer is a blockchain-enabled peer-to-peer (P2P) betting platform. As the name suggests, the platform lets users bet with friends, colleagues, and other participants via custom markets. Chancer works quite simply.
Users create P2P markets to predict the outcome of key events, processes, episodes, and many more. Unlike traditional betting, whose betting markets and odds are fixed by the bookmakers, Chancer allows users to determine what they want to bet on.
Users also place odds and rules which guide the betting and claiming of winnings. All these are enabled via a secure decentralised platform powered by Binance Smart Chain.
CHANCER will be the token to run the Chancer project. Users earn CHANCER by winning on successful predictions, creating Chancer markets, or sharing the platform with others. The token will also be available for staking, allowing investors to earn passive income by committing their holdings to the growth of the platform.
CHANCER prediction in 2023
Chancer is only starting, and a huge prediction for 2023 could be overambitious. However, the project is attracting global interest, which could propel it to higher value.
With the price of CHANCER at 0.01 BUSD in the first stage of the presale, the value could rise by triple digits before the end of 2023. The prediction is based on the fact that CHANCER will start listing in the third quarter of 2023, starting on Uniswap, giving it a chance to rise in value.
Although tokens have risen by 10x after listing, which would also be realistic for CHANCER, such increases could be limited for 2023. That’s because product development is still ongoing, with huge value increases possible in 2024.
Is it the right time to buy CHANCER?
There is no right time to buy Chancer. Nonetheless, investors are better off buying now when the price is low for a higher return-to-risk ratio. The token’s price will rise in the next presales, meaning buying now could be the right idea for investors.
