The Dogecoin price has been on a wavy trend since early this month and is now shaping up for a breakout or decline. Based on recent crypto trends, the meme coin category, led by Doge and Shiba Inu, is gradually decoupling from Bitcoin. Chancer, which leads the crypto betting category, may experience effects from this change.
Dogecoin price wobbles as it decouples from Bitcoin
Dogecoin is commonly referred to as the Bitcoin of the meme coin category. In fact, the Dogecoin price has been on a parallel track with that of its role model, Bitcoin, since it was launched. So, whenever the crypto trends pushed Bitcoin price up or down, Dogecoin price was bound to follow suit.
However, the pattern seems broken, as recent charts show a divergence. Over the last few hours, Dogecoin and other meme coins like Shiba Inu have exhibited a significant price deviation from Bitcoin’s relatively stable price of around $29,300. This unexpected divergence is rare and has caught the attention of many in the crypto community.
Though not as pronounced, Dogecoin’s price grew by 0.81% in the last seven days and up to 2% within the week. Although it’s currently facing a one-day decline of 1.67%, this modest increase still represents a departure from Bitcoin’s almost-stable price trend.
How Chancer’s presale stacks up to current crypto trends
While the Dogecoin price decoupling has been a significant focus point, Chancer has also been shaping up to benefit from ongoing crypto trends. Chancer, which is currently priced at $0.011 in its presale stage 2, is already riding the crypto waves, raising $1.6m within a short time.
The presale is structured in 12 rounds, allowing for gradual price increases. The strategic planning and execution of the presale have set a new benchmark in the crypto space. Chancer’s presale is a well-organized event among current crypto trends, reflecting the increasing interest in decentralized solutions and community-driven projects.
Can Dogecoin Price reach $1 soon?
The recent breakaway from the Bitcoin price may hold some promise for Dogecoin. Current crypto trends from on-chain data suggest a relatively bullish momentum for the meme coin category that can push them to new highs.
But as for the Dogecoin price, $1 doesn’t seem a realistic goal. While the price enjoyed some significant breaks within the week, it declined further. This bullish cut-off may delay its further rise to its $0.50 milestone.
The good part is that other cryptos and altcoins like Chancer have the potential to meet this $1 milestone. So, there’s still hope for savvy traders who want to capitalize on the current crypto trends.
What is Chancer?
Chancer introduces a decentralized peer-to-peer (P2P) predictive market solution, unlike traditional centralized bookmakers. Upon launch, this project has the potential to completely change the way people bet and interact with each other.
The entrepreneurial Kelbie brothers, Adam and Paul, founded Chancer. They envisioned a platform that would disrupt the traditional betting industry by allowing users to create custom betting markets on almost any event.
The idea is to allow users to bet on pretty much anything, from who wakes up first in the morning to who gets to Mars first. Plus, they can set their own odds and invite anyone worldwide to participate in the bet.
How does Chancer work?
Chancer is built on top of the fast and reliable Binance Smart Chain (BSC) blockchain network. In contrast to other betting sites, where a single entity determines odds and markets, Chancer gives its users the freedom to make their own.
This means that any user can propose a bet on virtually any event, whether sports, politics, entertainment or even personal challenges. The platform’s native token, CHANCER, is central to all these operations.
The platform is made even more powerful by incorporating Google’s WebRTC program. This integration creates a lively and engaging betting environment by allowing bets to be tracked in real time and encouraging genuine player-to-player communication. The WebTRC program will allow instantaneous updates, discussions, and negotiations between bettors.
In addition, Chancer goes beyond traditional gambling by launching a novel staking platform called Share2Earn. This program will incentivize users to create and promote their markets. By doing so, they can accumulate CHANCER tokens, further solidifying the platform’s commitment to user-generated content.
Chancer’s $100,000 cash prize
Chancer’s $100,000 cash prize is one of the standout features of its presale. The aim is to incentivize potential presale participants before the token officially launches on BitMart and other exchanges.
As part of the presale incentives, this substantial prize pool is set to be shared among ten lucky winners. This gives both seasoned crypto and betting enthusiasts and newbies the opportunity to start making potential profits from this exciting project.
Chancer price prediction
The price prediction for Chancer is highly optimistic, with analysts foreseeing substantial growth in the coming years. Currently, at $0.011 during the presale, the CHANCER token is expected to rise significantly by the end of the ICO.
Further predictions suggest that the coin could reach notable milestones in the next few years. These estimates translate to incredible potential returns for early investors fueled by the disruptive nature of the project.
Should you buy Chancer or Dogecoin?
Chancer and Dogecoin cater to different market segments and investment interests. Chancer offers a unique proposition in the betting industry with a clear roadmap and potential for growth. On the other hand, Dogecoin is a well-established meme coin with a vast community.
But looking at the current Dogecoin price, Chancer will likely provide better investment returns due to the already astronomical market capitalization of Dogecoin.
Conclusion
There’s no telling where the current crypto trends will push the Dogecoin price. However, there’s hope that its recent decoupling could turn into super bullish moves. While the market waits for signs from Doge, savvy investors are joining the Chancer presale with the hopes of riding its projected bullish patterns.
Interested traders and investors can check out the Chancer presale here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
