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The US released weak employment and inflation data this month.
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The Fed may raise rates less often than expected.
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A dovish tone could be good for Chancer and other cryptocurrencies.
US stocks surged to multi-month highs on Thursday while the US dollar index fell to its lowest level since April 2022. Similarly, US Treasury yields and the CBOE VIX turned red after the US released encouraging inflation data. These numbers, combined with last week’s soft employment data, could impact cryptocurrencies such as: chancer.
US Inflation and Employment Data
The US released mixed employment figures last week. The US economy added more than 400,000 jobs in June, the highest number in years, according to an ADP report. Another statistics office report found that the country’s economy added more than 209,000 jobs in the same month. The official report was relatively softer than expected.
The US then released modest consumer inflation data on Wednesday. The headline consumer price index (CPI) fell to 3.0% in June from 4% in May, according to the US Bureau of Labor Statistics. Core inflation also continued to decline during the month.
So inflation is hovering around 2%. the goal This trend may come sooner than expected. For one thing, global shopping costs are plummeting while China is approaching deflation. China is a major exporter to the United States.
Because these numbers affect the Federal Reserve, they will affect all financial assets. Most economists now believe the Fed will raise interest rates by another 0.25% this month and then pause indefinitely. In a note, Point72 analysts said: Said:
“What we see is consistent with the market pulling back on tightening expectations after the July meeting, but it does not appear necessary to price in any room for rate cuts this year.”
A change in policy by the Fed would be good for assets such as stocks and cryptocurrencies.
Chancer Token Sale Ongoing
another big cryptocurrency news The highlight of this week is the introduction of more ways for Chancer developers to purchase tokens. In addition to BUSD, the developer has added Ethereum, Tether (USDT), and Binance his coin as options for purchasing tokens. This is an important move as it provides users with multiple ways to invest in the token.
🚀💎 The moment you’ve been waiting for is here!🌟💸
$CHANCER is now available for purchase. $ETH, opens up a whole new world of possibilities. 💥🔥
Join the action, secure your tokens and ride the waves for incredible profits! 🌐💰
🤑Buy Here: https://t.co/iHffMmdhCk pic.twitter.com/ppSxsDQfrQ
—Chancer.com (@ChancerProject) July 12, 2023
Chancer’s token pre-sale is going well. First, thousands of people have already purchased tokens, bringing the total raised to over $748,000. The total amount of Chancer tokens sold is over 74 million.
First, Chancer is a platform that aims to disrupt sports betting and prediction markets using blockchain technology. It is a global platform that allows people to bet on international sports using cryptocurrencies.
At the same time, Chancer will allow any member to create their own market and live stream it using the platform’s tools. For example, a user can create a local market for her game and let viewers from around the world bet on it. Users receive a portion of all amounts put into that market.
Chancer is currently selling tokens as the developer prepares to launch a testnet in the coming months. You can buy $CHANCER tokens here.Please also read Chancer white paper To learn more about the project, and most importantly, we advise you to exercise extreme caution when investing in Chancer and other token presales.
