- The Gnosis (GNO) token has misplaced 22.5% over the previous 12 months.
- Whereas some predict that GNO has bottomed, it has fallen 2.5% over the previous seven days.
- As Gnosis declines, a brand new decentralized prediction market token known as CHANCER is gaining traction.
Decentralized prediction markets have been an business that has seen great development lately following the proliferation of decentralized betting platforms. Gnosis was one of many first decentralized prediction markets constructed on the Ethereum blockchain and paved the best way for a lot of such platforms.
Regardless of the recognition of the Gnosis platform, its native token has witnessed a protracted bear market that has been occurring for a few 12 months now. In distinction, tokens on different decentralized market platforms corresponding to Augur (REP) and Stox (STX) have loved fast worth spikes over the previous week.
Gnosis (GNO) Worth Prediction
Technical evaluation of Gnosis (GNO) exhibits that its steady downtrend has been accompanied by excessive worth volatility. Nevertheless, it’s at present in a sideways development, signaling a doable short-term rise in costs within the close to future.
Over the previous three months, the worth of GNO has fluctuated between $95 and $124.
Gnosis worth chart. Supply: Coingeck Terminal
It lately bounced decrease after reaching the $124.19 resistance and is quick approaching the $113.11 pivot stage. If it breaks beneath the pivot level, it may fall in the direction of the following help stage at $107 or additional to $96.
Does Chancer provide a greater funding alternative?
Chancer is essentially the most superior Web3 peer-to-peer (P2P) custom-made betting platform that includes stay streaming. It emphasizes transparency between the various betting platforms out there world wide.
The aim of the Chancer platform is to allow customers to create and customise real-time P2P betting markets based mostly on their pursuits, data and social community connections.
Utilizing a decentralized platform, Chancer allows customers to create their very own distinctive P2P betting markets, unrestricted by bookies’ affords and their odds.
Chancer is an intriguing mission as a result of it permits betting on non-sports or in style occasions. Chancer customers can guess on just about any sporting occasion, corresponding to a soccer match, or the day people set foot on Mars, in addition to place non-public bets with buddies to see if they will full a process with pre-set necessities.
The CHANCER token will strengthen the ecosystem and the success of the Chancer platform and the markets it helps might very a lot rely on the token holders. Holders can create markets utilizing the tokens, which additionally permits them to put money into markets created by different customers. In case you are , you should buy the CHANCER token right here.
Traders are flocking to Chancer’s new decentralized prediction market mission as Gnosis (GNO), a long-time chief in decentralized prediction market tokens, is scuffling with a protracted bear market.
Like Gnosis, Chancer affords a decentralized prediction market that enables customers to create markets the place they will speculate on any occasion or arbitrary consequence.
