Floki Inu price prediction Chancer token sale gaining steam.
The price of Floki Inu has increased significantly in the past few days.
It has joined other popular cryptocurrencies such as BTC and Jasmy.
The pre-sale for Chancer has raised over $309k in just one week.
Crypto investors are becoming increasingly greedy as focus shifts towards traditional finance, or TradFi. The crypto fear and greed index has increased to the greed zone of 55, while the CNN Money index has moved to the extreme greed area of 75. Most cryptocurrencies have seen significant increases, with Pepe, Bitcoin Cash, and Floki Inu soaring by over 20% in the past 24 hours. At the same time, Chancer has raised over $309k from investors in its token sale.
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Why is the price of Floki Inu rising?
Floki Inu is a popular meme coin that aims to have utility in the blockchain industry. In recent years, developers have launched the Floki ecosystem, which includes a metaverse platform known as Valhalla, a DeFi product known as FlokiFi, and NFT collections.
The main reason for the rising price of Floki Inu is the ongoing move towards traditional finance, or TradFi. This trend is where large traditional companies have started to embrace cryptocurrencies, Bitcoin in particular.
The trend began last week when Blackrock applied for the iShares Bitcoin Trust. It hopes that the SEC will give it approval to launch the first spot Bitcoin ETF. Such an ETF would make it possible for investors to allocate funds into BTC without holding the actual asset.
Shortly thereafter, other financial services companies also filed for their spot in Bitcoin ETF. These are well-known companies such as Invesco and WisdomTree.
The other important crypto news was the decision by Deutsche Bank to file for a crypto custody license in Germany.
It is important to note that the impact of these TradFi news is negligible to most cryptocurrencies since all these companies have focused on Bitcoin. As such, Floki Inu and other altcoins have increased in value because the news is helping to reduce the recent regulatory pain.
Therefore, it is likely that the price of Floki Inu will continue to rise in the near term. If this happens, the next level to watch will be at $0.00035.
Chancer token sale gains momentum
Another important news is that Chancer has managed to raise over $309k in its highly successful token sale. In this sale, the developers have sold over 30.9 million $CHANCER tokens. In the first stage of the sale, the token is selling for just 0.01 BUSD, which is equivalent to $0.01.
Chancer is a new company that aims to disrupt the sports betting industry using blockchain technology. This is a multi-billion dollar industry that is used by millions of people every day.
Chancer’s unique proposition is that it introduces the concept of social betting and predictive markets. This means that people can create their own betting markets that are not covered by traditional companies. For instance, you can create a predictive market for a local city council election or an award ceremony.
Chancer’s other features include the ability to empower token holders by letting them vote on crucial issues and create their own markets. There will also be a live-streaming feature on the platform.
The $CHANCER token, which is based on the BSC Blockchain, will be used to power the ecosystem. In the future, when it becomes fully decentralized, the token will be used for voting and staking purposes.
Is $CHANCER a good investment?
Investing in pre-sale tokens is always a high-risk, high-reward endeavor. It is high risk since the token can crash to zero when it is launched. It is also highly illiquid in its initial days, making it difficult to exit.
However, in other situations, investing in pre-sale tokens can lead to substantial profits. We recently saw this with tokens like Pepe and Milady. Therefore, we recommend that you first read the Chancer white paper and then allocate some of your funds to it. You should only invest funds that you are ready to lose.