Chancer token sale surges on as sports betting stocks soars

Chancer token sale surges on as sports betting stocks soars
фото показано с : invezz.com

2023-6-23 08:15

Chancer, a brand new blockchain platform, is doing extremely well as its token raised over $328k in less than two weeks. It has become one of the fastest-selling token sale in recent months as investors remain optimistic about the betting industry. 

Sports betting stocks are doing well

One way to predict a sector’s growth is to look at the performance of their stocks. A closer look shows that many betting stocks have done well in the past few months. Flutter Entertainment, the parent company of Fanduel, PokeStars, Sportsbet, and Sisal, has seen its stock surge to the highest level since September 2021. It has soared by more than 113% from the lowest level in 2022.

Similarly, in the UK, shares of DraftKings have done well as they more than doubled from their lowest level in 2022. They have soared by more than 141% and are now hovering at their highest level since January 2022.

The same situation is happening for other brands. Shares of companies like MGM Resorts and Penn National have all bounced back in the past few months. Only Entain stock has lagged the market this year as its stock has dropped by more than 21% from the highest level this year. Entain is the parent company of companies like Ladbrokes, Coral And Sportingbet among others.

Investors are optimistic about the betting industry because of the sizable market and its substantial growth. For example, the sports betting market, which was valued at over $83.65 billion in 2022, is expected to hit $91.43 billion by 2023 and $182 by 2030. This means that the industry will have a CAGR of about 10%.

Chancer presale token sale

This also explains why demand for $CHANCER token is rising. The token sale has managed to raise over $328k since Monday last week. This means that it has raised over a third of its $1 million target. The developers have sold over 32.8 million tokens.

For starters, according to its white paper, Chancer is building a platform for both sports and social betting. People will be able to access sports markets in its platforms and place wagers on them. At the same time, it will introduce the concept of social betting, where any $CHANCER token holder will create markets. For example, they can create a market for local parliament elections.

Decentralisation of the betting market

The most important part for Chancer’s platform is that it will evolve to become a fully decentralized blockchain project. Unlike the companies mentioned above, Chancer will be decentralized, meaning that the community will make the decisions. Also, token holders will take part sharing the profits generated in the industry.

Decentralisation has been used well in industries like finance and NFTs. Some of the most important platforms that use decentralised autonomous organisations (DAO) are Uniswap and PancakeSwap. Decentralisation will make it possible for token holders to vote for key events and upgrades in the ecosystem.

Like I have written before, you should do your research before you invest in a token sale to avoid significant risks. At the same time, you should only invest a small portion of your funds in these token presales.

The post Chancer token sale surges on as sports betting stocks soars appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Waves Community Token (WCT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 1.05 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.1615 (-100%)

token betting chancer sale one weeks two

token betting → Результатов: 75


The WeWay Project is Betting on Web 3.0. Is It Worth Investing in the Future?

As crypto projects increased in popularity together with the rise of token sales in the last few years, joining projects on their startup stage has become a common concept. At the same time due to its popularity and potential to earn big money, many have been swayed to enter the industry without much understanding of the risk that comes along with it.

2022-4-20 09:32


Non-fungible Token(NFT): The Next Big Thing in Crypto Market

NFTs are the latest trend in the crypto sphere. After the huge success of DEFI, investors are betting on NFT Tokens for higher returns. Let’s understand in detail, what is this hype all about. What is a Non-Fungible Token Or NFT?                                  Non-Fungible assets are some of the regular stuff and are the unique digital items […] The post Non-fungible Token(NFT): The Next Big Thing in Crypto Market appeared first on ItsBlockchain.

2021-2-18 14:50


EXBEGA ICO

As time has passed by, the industry started to realize how powerful and revolutuining the blockchain technology is and will still be in the future. Right now, we are at the beginning of a massive and groundbreaking change of how the financial system operates.

2019-5-19 02:33


Kamari: Blockchain Gaming Payment Project?

What Is Kamari? Kamari is a utility token that seeks to facilitate safe and secure large-scale participation in gambling and betting. It targets the world’s fastest growing economies. The token already has its roots in firmly established multi-platform gambling and lottery infrastructure, which makes it ready for take-off with significant market adoption and growth. Kamari […]

2019-4-29 13:04