PROMO

Raffle Coin Breaks Presale Records Drawing Ethereum & Ripple Investors for Unmatched Market Diversity: 50X Growth Anticipated

by BSCN

April 6, 2024

chain

Raffle Coin offers a decentralized marketplace for user-organized raffles and games, presenting a unique value proposition.

Investments in Ethereum and Ripple have one thing in common - a need to be patient. This is taken to the extreme in Ethereum, where holders can pledge 32 coins to be locked up for staking. Ripple, on the other hand, aims for worldwide adoption in the long run. But there are other opportunities for growth, offered by the Raffle Coin presale.

Ethereum Investors Waiting, is a return to $4000 possible?

Ethereum investors have to secure the value of more than 120M tokens mined and minted within the ecosystem. Ethereum retreated to $3,349.55 after a brief stint above $4,000. Daily token burns from transaction fees are still a partial solution to the significant outstanding supply. 

As of the end of Q2, the Ethereum staking contract contains more than 42.7M tokens, while deposits continue. This is the most efficient tool to limit the supply of available ETH. Some of the coins are also locked or wrapped in other ecosystems, and are thus not available for immediate sale. 

Overall, Ethereum has shifted from trading to holding, while investors look for active gains in newer, more agile projects. The end goal is to have a fast, cheap ecosystem, which encourages multiple trades and transactions. Using the Ethereum main network is still comparatively expensive, hence the drive for side chains and other low-fee environments.

Ripple Price Action Used to Bring Internet Clout

Ripple stabilized just under $0.60 after the Easter weekend sell-off. Ripple is known for its anomalous rallies, triggered by its high exposure as a top 10 coin based on its high supply and high market capitalization. 

The goal of the Ripple project is still to become a global payment network, carrying remittances and even inter-bank transfers. For that reason, Ripple is somewhat detached from the rest of the crypto ecosystem. 

While Ripple is still used for speculative trading, it lacks DEX representation, as well as decentralized finance infrastructure. Meme hype, NFT and the rest of the Web3 growth in value is also bypassing Ripple. 

For that reason, Ripple is eagerly watched for signs of a rally, often followed by profit-taking. 

Raffle Coin to Break Out from Lowers Stage 1 Sale Price

Raffle Coin is offering a new opportunity to bounce off from the lowest possible valuation. The main utility of this project is the creation of a marketplace, where user-organized raffles and games can attract the owners of multiple types of crypto assets. 

Gaming is not a new use case for crypto. But in the case of Raffle Coin, a decentralized, user-based marketplace brings a new level of value. Raffles can be created around any desirable prize, including a crypto jackpot, but also cars or physical objects.

Raffle is a fully audited project, now selling the first batch out of a total supply of 777,777,777 tokens.

Check out the official website of Raffle Coin to find out more.

Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $225. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

;