The longest period prior was just under a year.
Our view is that we’ve seen enough – there’s just so long markets can be down.
https://t.co/REfxkTp9CJ pic.twitter.com/UCEMMcznAM
— Dan Morehead (@dan_pantera) August 23, 2023
Chancer token sale gains steam
Another sign that there is interest in cryptocurrencies is the rising demand for token sales. Chancer, is a new company seeking to disrupt the fast-growing and highly popular industries. The company has raised over $1.65 million from investors in the past few weeks. You can buy the Chancer token here.
Chancer is aiming to become the biggest player in the sports betting and prediction industry. This is a large industry that was estimated worth over $91 billion in 2023. In a , FMI estimated that the industry will have a compounded annual growth rate (CAGR) of 10% by 2030 to over $245 billion.
Today, the sports betting industry is dominated by highly centralized companies like FanDuel, DraftKings, BetMGM, and Caesars. Internationally, some of the best-known brands are companies like Bwin, Bet365, and William Hill among others.
While these companies work well, there is always room for disruption, especially using the blockchain technology. This is the gap that Chancer is aiming to fill using blockchain technology.
Instead of users being just customers, they will own the ecosystem since the network will use a decentralized autonomous organization (DAO) model. To achieve this, Chancer will be powered by the $CHANCER token. Holders will have important privileges like making decisions in the ecosystem.
Further, $CHANCER holders will have a chance to make money by creating markets and livestreaming them. Some analysts believe that the network could be a game changer if it works. You can read the Chancer white paper here.
