After a week in the red, top coins are still holding onto healthy levels. Bitcoin moved above $62,000, bouncing from a low of $60,000. Ethereum held above the $3,000 range and recovered above $3,200 in the new week. However, Bitcoin and Ethereum investors are also noticing the potential of Raffle Coin, which may soon become a major player among Web3 platforms. 

Bitcoin Activity Continues to Climb

Bitcoin activity is growing due to raw price action, as well as a series of new use cases for the main blockchain. Bitcoin active addresses are now almost 1M daily. Some of the new transfers may be coming from Ordinals, the collectible images using the Bitcoin blockchain. There are also plans to build decentralized tokens and open finance hubs, which will be secured through Bitcoin. 

Not surprisingly, the increased activity is affecting fees, and making Bitcoin more expensive to use for everyone. Average transaction fees spiked to above $128 in the past week. Later, the price spike subdued, but average fees remained relatively high. Currently, fees range between $24 and $32 for the past few days. 

Bitcoin fees were under $5 for years, often falling into insignificance. After the Halving event, fees are more important as a source of income for miners, and the current spike compensates for the lower block reward.

Ethereum Creates New Economy of Restaking

Ethereum continues to serve as a utility token and reliable collateral. This has led to the creation of a series of new markets where even staked Ethereum is reused. The practice is known as staking and targets Liquid Staking Tokens. This means Ethereum, locked in the staking smart contract, is still active in a decentralized economy. 

Restaking is also creating a new incentive, where the main reward is “points.” Those points are not tokens or blockchain assets but already have an informal market. Restaking is a growing trend, which is raising some questions about whether it is creating more value or just producing empty rewards. 

Raffle Coin Offers More Visible Expansion Potential

Blue-chip investors want to tap value and find a good entry point at a low price. For Raffle Coin, this opportunity comes from the first stage of the token presale. Raffle Coin is available at only $0.02, though the discount is running out fast. 

Raffle Coin aims to become a major player in Web3 by offering an active, user-friendly platform for raffle-style games of luck. Raffle Coin will attract power users to create games and offer rewards, but even casual players can join a series of raffles to win crypto or physical items. 

All Raffle Coin tokens are minted in an audited smart contract, with no chances of rug pulls or exploits. Raffle Coin has capped its supply at 777,777,777 tokens and will distribute 60% of those assets in a series of presale events.

Check out Raffle Coin’s official website here and join the presale!

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