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Chancer vs. Render — Which Is the Best Crypto To Invest in Now?

News Desk
News Desk
News Desk
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News Desk
The latest news, comment and analysis from our crypto news desk.
June 2nd, 2023

Long-term investors have been licking their lips at the price action seen so far in 2023 for one key reason. There are plenty of undervalued projects in the world of Web3, and several are standing out as possibly the best cryptos to invest in ahead of the next crypto bull market.

Two of the top picks at the moment are Render (RNDR) and Chancer (CHANCER), which has just started Stage One of its hotly anticipated crypto presale event.

Why is 2023 a great year for long-term investors and which projects are they looking to buy?

Crypto investors who have been around for a while have come to expect volatility in the markets. 2023 has been a prime example of just how up and down cryptocurrencies can be; however, this volatility typically follows a similar pattern.

Every four years, Bitcoin has its “halving event.” What follows is usually a multi-month bull market that drives price appreciation for cryptocurrencies across the market. 2021 was the last bull market, with 2022 being a major correction year. Now in 2023, investors have started to prepare for the next cycle peak.

For investors seeking to uncover the best cryptos to invest in during this timeframe, look no further than Render and Chancer. These two projects look extremely promising for the future, as they each have attractive utility and a low current valuation. Investors buying these tokens right now could see major gains by the next bull market.

Render (RNDR) is a project that has been in the Web3 space for some time. Its current market capitalization is almost $1 billion, but many experts are suggesting that it could go much higher. In contrast, Chancer is brand new to the sector and it could turn out to be the next 100x gem to grace the market.

What is Chancer?

Chancer is considered by many to be the best crypto to invest in during 2023 thanks to its unique blockchain solution. The platform is the first decentralized predictions market in the world, offering bettors the chance to build custom bet slips with odds they’ve created themselves.

The platform offers a fun and exciting way to settle bets between friends. It will also support bets for major global events like the Superbowl or presidential elections, where bettors can get together from all over the world to try and profit from their topical knowledge.

Since the platform is decentralized, it operates in a completely peer-to-peer (P2P) manner. There is no house to create unfavorable odds for gamblers, which is a problem that has historically plagued the betting industry. Instead, Chancer gives more power back to bettors and bypasses malicious bookmakers while still remaining compliant in the eyes of regulators.

How does CHANCER work?

Bettors can get together from all over the world and collaborate around their bets of choice. Chancer supports live-in-person streaming thanks to its integration with Google’s WebRTC. Bettors can discuss the latest events going on in the world and make wagers directly with each other.

To protect user security on the platform, Chancer will utilize impartial moderators that ensure all odds are fair. While Chancer has no part to play in the creation of custom odds, it will make sure that no bettors are led into taking heavily unfavorable wagers against other users.

The CHANCER token is used for creating bets and for pay-outs on the Chancer platform. The token has embedded utility within this exciting new betting ecosystem, which has led many early stage backers to highlight its major long-term potential. It certainly could be one of the best cryptos to invest in during 2023.

Will CHANCER reach $0.75 in 2025?

The CHANCER token combines real utility with an attractive use case. Price analysts are anticipating that the token will appreciate significantly over the coming months and years, especially when taking the opening presale price levels into account.

With the token being launched at just $0.01, CHANCER has plenty of room to grow. The price prediction for 2025 cements CHANCER as one of the best crypto to invest in now, giving it a $0.55 valuation during the next crypto bull market — a 55x price increase from the current level.

What is Render?

Render is a decentralized network that aims to revolutionize the way computer generated graphics are produced and distributed. Using blockchain technology, RNDR allows artists and studios to easily access a global network of graphics processing units (GPUs) to render high quality images, videos, and virtual reality content.

The blockchain solution created by Render eliminates the need for expensive hardware and software. This can democratize access to advanced rendering technology, which makes it one of the best crypto to invest in at the moment.

With Render, artists can focus on their creative work rather than worrying about technical limitations or accessibility issues. The Render network has already gained significant traction in the creative industry and is poised to be a major player in the world of Web3 over the coming years.

Will RNDR reach $10 in 2025?

The price of RNDR is currently $2.60 after a strong start to 2023. While the project is unlikely to make the same percentage gains as Chancer, Render certainly looks promising at this moment in time.

Price analysts are targeting $10 as a key resistance level during the next crypto bull market. If Render can break through this level, then it may go on to make an all-time high of between $15 and $20 — a potential 10x return for the project.

Chancer vs. Render : Which is the best crypto to invest in during 2023?

Both projects are looking promising for the future. Each of the use cases could become the go-to solutions within their sectors of blockchain technology, whether that’s decentralized graphics processing or decentralized betting markets.

Chancer , being in its earliest stage of development, could produce major percentage returns. This makes it a strong contender for the number one choice as the best crypto to invest in during 2023, as the $0.01 price level looks extremely undervalued for the first decentralized predictions market in the world.

You can take part in the CHANCER presale here.

Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.