• Furokiinu prices have skyrocketed in recent days.

  • It joins other popular cryptocurrencies such as BTC and Jasmy.

  • Chancer’s presale raised over $309,000 in about a week.

Crypto investors are getting greedy as the focus shifts to so-called TradFi. The crypto fear and greed index surged into the 55 greed zone while the CNN money index moved into the 75 extreme greed zone. Most cryptocurrencies surged, with Pepe, Bitcoin Cash and Flokiinu among the highest in the world, he surged more than 20%. Last 24 hours. at the same time, chancer Raised over $309,000 from investors in token sale.

Why Floki Inu Is Rising

Floki Inu is a popular meme coin aimed at utility in the blockchain industry. Over the last few years, the developer has launched the Floki ecosystem, which consists of a metaverse platform known as Valhalla, a DeFi product known as FlokiFi, and a collection of NFTs.

The main reason Floki Inu’s price is soaring is the ongoing move towards traditional finance, commonly known as TradFi. This is a trend where traditional big companies are starting to adopt cryptocurrencies, especially Bitcoin.

The trend started last week when Blackrock applied for the iShares Bitcoin Trust. We expect the SEC to approve the launch of the first spot Bitcoin ETF. Such ETFs allow investors to allocate their funds to BTC without owning physical assets.

Shortly thereafter, other financial services companies applied as well. Bitcoin ETFs. Well-known companies such as Invesco and Wisdomtree.

other important cryptocurrency news This was Deutsche Bank’s decision to apply for a cryptocurrency custody license in Germany.

Let me be clear. All of these companies are Bitcoin focused, so the impact of these trade news is negligible for most cryptocurrencies. So, Floki Inu and other altcoins surged as the news helped ease the recent regulatory woes.

Therefore, Flokiinu prices may continue to rise in the short term. If this happens, the next level to watch will be $0.00035.

Chancer Token Sale Gains Momentum

Another big piece of news is that Chacer managed to raise over $309,000 in a hugely successful token sale. In it, developers sold over 30.9 million $CHANCER tokens. In the first phase of the sale, the tokens are priced at just 0.01 BUSD (equivalent to $0.01).

First of all, Chancer is a new company aiming to disrupt the sports betting industry using blockchain technology. This is a multi-billion dollar company with millions of people using it every day.

Chancer’s unique proposition is to introduce the concept of social betting and prediction. This means people can build betting markets that traditional companies cannot cover. For example, you can create a forecast market for local council elections or awards ceremonies.

Another feature of Chancer is the ability to empower token holders by allowing them to vote on key issues and create a marketplace. The platform also has live streaming capabilities.

Based on the BSC blockchain, the $CHANCER token will be used to power the ecosystem. In the future, once fully decentralized, tokens will be used for voting and staking purposes.

Is $CHANCER a bargain?

Investing in pre-sale tokens is always a high-risk, high-return exercise. Tokens are risky as they can crash to zero on startup. Also, the liquidity is very low in the early stages, making it difficult to get out.

However, in other situations, investing in pre-sale tokens can lead to substantial returns. We recently confirmed this with tokens such as Pepe and Milady. Therefore, it is recommended to read first. Chancer White Paper and allocate part of the funds to it. You should only invest funds that you are prepared to lose.

By Jules

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