With new crypto tokens popping up all the time, two projects still in presale have been gaining attention in recent weeks — yPredict and Chancer.
While the hype is growing for both projects, which one will come out on top?
yPredict: AI-based trading predictions
yPredict is an AI-driven platform that allows data analysts and AI engineers to offer trading predictions in return for a subscription fee. Built on the Polygon network, yPredict uses blockchain technology to create a transparent and secure environment, aiming to create a system where users can trust the signals generated by their chosen provider.
Developers can advertise their forecasting models and earn YPRED tokens in return, opening up an additional income stream. Meanwhile, users can use these models to receive real-time trading signals and act on them in the yPredict terminal.
While yPredict has performed relatively well in presale, raising almost $2 million to reach its sixth stage, some critics have pointed out that the platform’s business model may be shaky. Many have recognized the need for an impartial way to rate, review, and trade signals; as a result, there are quite a few platforms that already perform a similar function, like CryptoHopper or Zignaly.
A closer look at yPredict’s offerings reveals that they are much the same as can be found elsewhere. yPredict’s free market predictions can be found on dozens of websites, while its analytics platform, providing pattern recognition and sentiment analysis, performs the same function as tools such as AutoChartist and LunarCrush. In a highly competitive market, it remains to be seen how yPredict can stand out from the crowd without relying on the current AI trend.
Couple that with unsustainable staking rewards of up to 45% per quarter, and yPredict doesn’t seem all it’s cracked up to be. In stark contrast, a new crypto project, Chancer, poses significant potential to transform an existing industry desperately in need of disruption.
Chancer: A new way to bet
Chancer is a pioneering project that aims to shake up the online gambling scene with its innovative peer-to-peer (P2P) betting model. Traditionally, centralized betting houses control the odds and always come out on top, scraping fees here and there and skewing odds in their favor. With Chancer, users aren’t betting against the house; they are the house.
In essence, Chancer removes the middleman, transforming every user into their own bookmaker. For the first time, users have the freedom to create their own prediction markets for whatever they like, with virtually no restrictions. Whether it’s wagering on the next Olympics, the outcome of a national election, or whether your friend Mark can really eat an entire pizza in one minute, the choice is entirely up to you.
This innovation is the product of the Kelbie brothers, Paul and Adam, the co-founders of Chancer. Their mission? To restore transparency and fairness back to the world of betting. In contrast to traditional online betting sites, Chancer offers a decentralized platform where the odds and resolution sources are decided by themselves.
Chancer’s native CHANCER token is the backbone of its ecosystem, used to make bets and receive payouts. Running on Binance Smart Chain (BSC) means that all transactions are transparently recorded, while withdrawal fees and payout times are near negligible. Running on the BSC allows Chancer to achieve its ultimate goal: full decentralization through a decentralized autonomous organization (DAO).
The CHANCER token is also given as a reward for creating prediction markets and promoting them under the platform’s Share2Earn scheme, which incentivizes users to attract as many bettors as possible to their market. Chancer makes sharing markets as easy as possible, providing users with real-time scores, results, and video through Google’s WebRTC software.
Chancer price prediction
Chancer’s ongoing presale of CHANCER tokens presents an exciting opportunity for investors. Chancer aims to raise $15m, which might seem modest compared to the online gambling industry’s revenue, which surpassed $60 billion in 2022. However, the demand for a decentralized betting platform like Chancer is expected to be huge.
The current presale price of $0.015 in stage 1 provides an exceptionally affordable entry point for those looking to invest in a promising new crypto project. As CHANCER price predictions begin trickling in, it seems the consensus is that CHANCER could rise as high as $0.30 or even $0.40 by the end of 2023 — offering today’s investors potential gains of 2,566%.
Making the right bet: yPredict or Chancer?
Between yPredict and Chancer, it’s clear that both projects have potential. However, while yPredict struggles with competition and sustainability concerns, Chancer holds significant promise in its mission to revolutionize the online betting industry.
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Its user-centric model, combined with an ambitious presale target, has inspired confidence in many crypto investors who see the potential in its mission. For now, all eyes are on Chancer, waiting to see if it can truly become the game-changer it’s anticipated to be.
You can take part in the CHANCER presale here.
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