фото показано с : invezz.com

Bitcoin is already up roughly 80% for the year but the Chief Executive of Nexo is convinced that it still has more room to the upside.

In a recent interview with CNBC, Antoni Trenchev said it was conceivable for the world’s largest cryptocurrency to end the year between $40,000 and $50,000.

The CEO of crypto lending firm expects BTC to rally once the Federal Reserve confirms an end to its tightening cycle. That’s because a lenient monetary policy tends to boost interest in risk-on assets.

Note that headline inflation stood at just a percentage above the Fed’s 2.0% target in June (find out more). That suggests the central bank may now be closer to a pivot. That’s probably why other expects, including Professor Carol Alexander, also expect Bitcoin to hit $50,000 by the end of 2023. The price objective signals up another 65% from here.

Interestingly, other cryptocurrencies typically respond positively to strength in Bitcoin as it’s the bellwether. Therefore, it’s likely that up-and-coming platforms like Chancer.com will benefit as well once the BTC unlocks its next leg up.

Chancer is primarily a social betting platform – one that’s unique in that it merges two rapidly growing markets: cryptocurrency and gambling.

It’s built on a blockchain and is powered by a native $CHANCER token. Using the BSC0 token is a ticket to creating and participating in bets on anything and everything – be it the upcoming elections or perhaps a soccer game you plan on watching with your friends.

Remember that Chancer is committed to becoming a decentralised network. What that means is community will eventually play a bigger role on deciding on its future direction. In order for you to practice that right of say in critical matters related to the company, you must own the $CHANCER token.

On top of the aforementioned use cases of the native token that’s currently in pre-sale, $CHANCER is an investment as well and its price fluctuates based on supply and demand.

Chancer has already raised nearly $1.0 million selling its BSC0 tokens – an indication that the demand is strong which paints a rather rosy picture of what the future may hold for it.

The native token is expected to hit $0.021 by the end of the current pre-sale. In comparison, it’s currently worth $0.01. Simply put, $CHANCER is projected to gain more than 100% from here.

Much like peers, the crypto token will list on notable exchanges once the pre-sale is over. That tends to be a meaningful catalyst for a digital asset and helps a great deal in price appreciation as well.

Investing in the said token is quite simple and is well-elaborated on its website here.

Remember that the crypto market at large could take advantage of multiple tailwinds moving forward.

For instance, the U.S. seems right at the cusp of approving a Spot Bitcoin ETF considering that the mighty BlackRock Inc has filed for one. The asset manager has a record of not filing for an exchange-traded fund until it’s almost absolutely confident that the regulator won’t stand in the way of it. Across the Atlantic, Europe is all set to debut a Spot Bitcoin ETF by year-end as well.

On top of that, there are a couple of catalysts that could benefit Chancer.com in particular. Those include the NFL season that will kick off in about a month. The sports league will likely result in a sharp surge in betting and the blockchain-based platform may capitalise on it considering it sits right at the heart of gambling and digital gaming.

It’s important to note here that gambling and digital gaming is worth $90 billion in 2023 and is projected to expand at a CAGR of 10% over the next several years – and Chancer as a platform and its native token as an investment will gain more traction on the aforementioned market growth.

For more information related to the ongoing pre-sale, visit Chancer.com.

The post Pro says Bitcoin will hit $50K this year: could Chancer token rally too? appeared first on Invezz.

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