Key takeaways

• Bitcoin has been trading around the $30k region for the last two weeks.

• Chancer’s first presale stage is more than 70% completed as more investors enter the project. 

The cryptocurrency market has been stable over the past few days, with the prices of most coins and tokens within a particular range. Will Bitcoin and the broader market rally higher in the near term, or would the market face a retrace?

Bitcoin maintains its price above $30k

Bitcoin, the world’s leading cryptocurrency by market cap, continues to trade just above the $30k mark. BTC has been trading around that range for the past three weeks.

At press time, the price of Bitcoin stands at $30,468, down by less than 1% in the last 24 hours. 

The performance comes after the consumer price index rose 0.2% in June and was up 3% from a year ago. The data indicated that inflation in the United States rose 0.2% last month, less than expected as consumers get a break from price increases.

What is Chancer?

Despite the price pullback earlier today, the cryptocurrency market has performed excellently so far this year. Bitcoin is up by nearly 50% year-to-date, outperforming the other major asset classes in the world.

With the market in a positive mood, investors could be looking to get in on new projects. One of the projects to consider could be Chancer. Chancer is a unique Web3 peer-to-peer (P2P) custom betting platform designed to enable users to live stream betting events. 

Chancer seeks to differentiate itself from other betting platforms by adopting a decentralised method of operations. On Chancer, users can bet on a wide range of events, beyond traditional sports and casino bets. 

At the moment, the project is still in its stage one presale, with an aim of raising $1 million. Chancer developers will use the funds to build a P2P betting platform.

On Chancer, players would enjoy excellent features such as betting markets in real-time and based on user interests, social media connections, and expertise. 

With Chancer, users might no longer face the challenges associated with using bookmakers. The platform would allow users to set up their custom P2P betting markets. 

Perhaps the biggest selling point of Chancer is that users can bet on a wide range of things, beyond the sporting and casino bets found on traditional betting platforms. 

While the sport and casino bets would be available, Chancer users can et on any event they desire, whether mainstream or made-up. It doesn’t matter the event, users can bet on them on the platform

Chancer’s presale is over 70% completed

Chancer’s stage one presale could be completed soon as the team has raised more than 70% of the required funds. At the moment, Chancer has raised more than $700k, accounting for more than 70% of the required funds in stage one. 

The development team has earmarked the funds