- The Gnosis (GNO) token has misplaced 22.5% over the previous yr.
- Whereas some predict the GNO has bottomed out, it has fallen 2.5% previously seven days.
- As Gnosis falls, a brand new decentralized prediction market token referred to as CHANCER is gaining traction.
Decentralized prediction markets have been an business that has seen large development in current instances, following the rise of decentralized betting platforms. Gnosis was one of many first decentralized prediction markets to be developed on the Ethereum blockchain and paved the way in which for a lot of different such platforms.
Though the Gnosis platform is known, its native token has been in a protracted bear market that has been occurring for a couple of yr now. Quite the opposite, tokens from different decentralized market platforms like Augur (REP) and Stox (STX) have seen fast value spikes over the previous week.
Gnosis (GNO) Worth Prediction
Technical evaluation of Gnosis (GNO) exhibits that its continued downtrend has been accompanied by vital value volatility. Nonetheless, it’s presently trending sideways signaling a attainable short-term value rise within the close to future.
GNO value has constantly traded within the $95-$124 vary for the previous three months.
Gnosis value chart. Supply: Coingecko Station
It not too long ago bounced decrease after hitting resistance at $124.19 and it’s quickly approaching the pivot level degree at $113.11. If it drops beneath the pivot level, it might drop to the following assist degree at $107 or decrease right down to $96.
Does Chancer supply a greater funding alternative?
Chancer is a state-of-the-art Web3 peer-to-peer (P2P) customized betting platform that gives reside streaming. It emphasizes transparency among the many many betting platforms obtainable around the globe.
The aim of the Chancer platform is to offer customers the power to create and customise real-time P2P betting markets based mostly on their pursuits, information and social media connections.
Because of a decentralized platform, Chancer permits customers to create their very own P2P betting markets with out being restricted by the bookmakers’ supply and their odds.
Chancer is an intriguing venture as a result of it permits betting on occasions apart from sports activities or standard. Chancer customers can wager on just about something in addition to sporting occasions like soccer matches, such because the day somebody will set foot on Mars, in addition to place personal bets with their associates to see if they’ll full a activity with predetermined necessities.
The CHANCER token will energy the ecosystem and the success of the Chancer platform and the markets it helps could also be extremely depending on the token holders. Holders can create markets with the tokens, which additionally provides them the power to spend money on markets established by different customers. If you’re , you should purchase the CHANCER token right here.
Traders are flocking to the brand new Chancer decentralized prediction markets venture because the Gnosis (GNO) token, which has lengthy been a frontrunner amongst decentralized prediction markets tokens, is fighting a protracted bear market.
Very similar to Gnosis, Chancer includes a decentralized prediction market permitting customers to create markets the place they’ll speculate on any arbitrary occasion or consequence.