Key takeaways

• Last week, VC firms invested $201 million in various cryptocurrency projects.

• Chancer’s presale is currently ongoing and has almost reached the $1 million mark.

The cryptocurrency market has started the week on a bearish note, with Bitcoin experiencing a 2% drop. The current price of Bitcoin is $29,148 per coin.

Despite the bearish market, Chancer’s presale continues to gain momentum, nearing the $1 million mark.

More Than $200M Raised by Crypto Projects in a Week

The cryptocurrency market has been volatile in July, but that hasn’t hindered the fundraising efforts of cryptocurrency projects.

According to a report by CoinDesk, cryptocurrency projects raised $201.4 million from VC firms last week. The projects that focus on developing developer tools for zero-knowledge proofs attracted the most investment.

The fact that VC firms are still investing in cryptocurrency projects during a bear market shows their confidence in the future of the industry.

Chancer is also gaining traction despite not relying on VC funding at the moment. The project’s presale has almost reached the $1 million mark, with over 11 million tokens sold so far.

What Does This Mean for Chancer?

The significant amount of money being raised by cryptocurrency projects from VC firms indicates that investors are interested in entering the market and supporting promising projects.

Projects with strong use cases have the potential to attract both retail and institutional investors.

Chancer is an exciting new project in the cryptocurrency space that is gaining momentum among retail investors.

The project aims to decentralize the betting industry by developing a unique Web3 peer-to-peer (P2P) custom betting platform that allows users to live-stream betting events.

One of the standout features of Chancer is that it doesn’t limit users to traditional sports and casino bets, but instead offers a wide range of betting opportunities.

CHANCER Token Price to Increase in Second Presale Stage

Chancer’s first presale stage is close to completion, and the team will soon move on to the second phase. In the first phase, the CHANCER token is priced at $0.01 USDT.

For the second presale round, the token price will rise to $0.011. The funds raised during the presale events will be used to develop the P2P betting platform.

Chancer’s whitepaper outlines various features that will be available to users, such as real-time betting markets based on user interests, social media connections, and expertise. The platform also allows users to create their own custom P2P betting markets, eliminating the need for traditional bookmakers.

Furthermore, Chancer offers the flexibility to bet on various activities, from important sporting and political events to tasks among friends.

Is it a Good Time to Invest in Chancer?

As more investors enter the cryptocurrency market, the focus is on promising projects in their early stages. Chancer has the potential to become a significant player in the cryptocurrency space due to its unique approach.

By decentralizing the betting ecosystem, Chancer could gain widespread adoption within the Web3 space and beyond in the coming months and years.

If Chancer’s platform experiences a surge in adoption, it could also lead to a rally in the value of the CHANCER token. Additionally, if the overall cryptocurrency market enters a bull run, Chancer could emerge as one of the biggest winners.