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BLOGCRYPTOMONAIE

inflation data, will it push its price higher?

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1691426502574 4b6027c9 4d0a 46f1 a120 e8b4dc7f4cd3 Liberté financière

Key points to remember

  • Bitcoin has been trading below the $30,000 level for the past few days, but favorable inflation data could push its price higher.

  • The second leg of Chancer’s pre-sale is now approaching the $1.2 million mark.

The cryptocurrency market has been choppy over the past few weeks, with prices for most coins stuck in price regions.

BTC has been trading below the $30,000 level for a few days, market experts still believe it could fall in the short term.

Bitcoin remains below $30,000

Bitcoin, the world’s leading cryptocurrency by market capitalization, started the week positively. BTC has added over 1.5% to its value so far today, but continues to trade below the psychological level of $30,000.

At the time of going to press, the bitcoin price amounts to $29,424. Bitcoin could head towards the $30,000 level over the next few hours or days if the US inflation data is favorable.

Inflation data could determine whether the US Federal Reserve will continue its rate hikes or stop them. Stopping rate hikes could be a bullish sign for Bitcoin and the cryptocurrency market in general.

What is Chance?

The recent downtrend in the market has not affected Chancer’s ongoing presale event. chance is a web3 project that aims to decentralize the betting ecosystem.

It is a Web3 peer-to-peer (P2P) custom betting platform for users to live stream betting events. Chancer will operate as a completely decentralized online gaming platform.

Chancer is building a platform that will provide users with enhanced services compared to what they get on traditional sports betting and casino platforms. With Chancer, users can bet on any event, even ones they create themselves.

Funds raised from the funding rounds will be used to build the decentralized P2P betting platform. According to their whitepaper, Chancer users will have access to a wide range of features, including real-time and user interest-based betting markets, social media connections and expertise.

Users will also be able to set up their personalized P2P betting markets, allowing others to bet on selected events and games.

Second leg of Chancer pre-sale generates nearly $1.2 million

Chancer’s presale event will take place in stages, and the second stage is currently underway. The team raised nearly $1.2 million of the $2 million needed to complete Stage Two.

chance will use the presale funds to develop its products. The team will hold 12 pre-sale events, with a goal of $15 million.

Currently, CHANCER, the native token of the ecosystem, costs $0.011 per token, with the price expected to increase to $0.012 in the next presale round.

The native token has many utilities within the ecosystem. Token holders can create markets and also invest in markets launched by other users.

By holding the token, users can create, participate in, and profit from their own predictive markets.

You can buy CHANCER tokens by connecting your Web3 wallet to the Chancer website. Trust Wallet, MetaMask, Coinbase Wallet and Rainbow are some supported wallets.

Visit the Chancer website for more presale information.

Should you buy CHANCER tokens now?

Investing in a project during its pre-sale or private sale is usually one of the best decisions investors make. Indeed, the tokens are not yet available to the general public.

With chance, it could be a great idea to invest in the project now. Chancer is a promising project and could see massive adoption in the months and years to come.

If the level of adoption increases, the price of CHANCER could skyrocket and early investors could benefit. Early investors in projects such as Ethereum, Solana, Dogecoin, and Shiba Inu have recorded thousands of percentage returns.

If CHANCER achieves an acceptable level of adoption, combined with a bull run, its price could skyrocket in the medium to long term.

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