After a massive run in March, blood is on the streets in the crypto markets. When Bitcoin dumps, so does Ethereum and so does the rest of the market. In fact, one of the biggest 24 hour losers are meme coins, including Dogecoin, whose comeback appears to have been aborted as Bitcoin price dips $65,000.
Nevertheless, Ethereum and Dogecoin who took profit before the market downturn are looking for the next 100x gem to balance out their portfolios, with many looking into Raffle Coin. Raffle Coin is building the first decentralized raffle platform giving users the opportunity to win luxury goods, vacations, cash and more from prize draws all over the world powered by its RAFF token. Industry observers believe it could go on a 100x run in 2025. Here’s why.
Can Ethereum climb to $6,000 off ETF speculation?
Ethereum prices have taken a dump all the way to $3,314 after breaching past $4,000 in mid March. However, unlike Bitcoin, Ethereum is WAY off its 2021 all time highs of $4,878. Ethereum holders are looking forward to what could be a potential approval of spot Ethereum ETFs in May, as British multinational financial services giant Standard Chartered expects. But that’s not how the world works. However, a school of thought believes that the approval of an Ethereum spot ETF is less likely, which could complicate any run to new all time highs at $6,000.
Dogecoin among the biggest losers to start April
Dogecoin, the largest meme coin by market capitalization, is down in a big way after surging to its highest prices since it broke all time highs in 2021. Dogecoin is trading at $0.18 as of press time, falling by 3.11% in the past 24 hours after briefly scaling heights of $0.22 at the end of March. Dogecoin holders are now waiting with bated breath to see whether the dog themed memecoin could continue its comeback.
Raffle Coin could be a potential 100x, says analysts
Low cap gems and presale investment opportunities reward their holders the most during bull cycles. It’s no surprise why the smart money takes out positions in diamonds in the rough and promising projects that haven’t had a chance to moon yet. In 2024, one of those opportunities is Raffle Coin, whose stage 2 presale launch has caught the attention of Ethereum and Dogecoin investors with its 100x potential.
And why not? Raffle Coin is the solution to a long awaited demand in the crypto world. Namely, the need for a Web3 raffle and lottery platform. Raffle Coin grants users the ability to participate in global prize draws through its RAFF token, which is available to presale investors at just $0.020. The platform is expected to gain traction among mass audiences with its unique value proposition, making it the next potential 100x gem in 2024. With a fully audited smart contract and lifetime liquidity lock to ensure the platform’s viability, Raffle Coin has the legs to go on a parabolic run in the next bull market.
Find out more about the Raffle Coin presale by visiting the website here
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