Solana & Ethereum Whales Dive into Raffle Coin Aiming to Upend Traditional Lotteries with 25X Gains

April 09, 2024

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Crypto experts are predicting a very bullish future for decentralized blockchain projects. One of these projects is RaffleCoin, an online platform for raffling that has been making major gains within the industry. Investors, particularly within the Solana and Ethereum communities, have been completely enamored with the utility it brings and it’s hard to blame them. The future of raffling is here and people are taking the opportunity while they can.

Solana Market Movement & Why Community is So Bullish

Solana has been one of the best-performing altcoins these past couple of months, going from around $22 this October all the way to over $200 at one point in March. It has experienced a minor dip to $189 currently, however, the SOL community might be stronger than ever. This is partly due to how many memecoins built on Solana have exploded, the best example being BONK, which made people millionaires overnight.

Despite the good that has come out of the success of Solana memecoins, there is still quite a bit of controversy regarding the topic. Since they are much easier to make on Solana than, for example on Ethereum, a lot of people have been rug-pulling the community by creating such memecoins. This is why so many experienced traders stay away from this space, as it requires a ton of research and their time and effort could be better used elsewhere.

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Ethereum Price Behaviour Ahead of BTC Halving

Ethereum has been relatively bearish for the week, as its price is down by roughly 4%. This was in line with how the whole crypto market has been moving so experienced investors knew not to change their long-term vision with the second biggest cryptocurrency. With that being said, for the day ETH has actually looked quite bullish, as it has reached a current price of $3,422. This is very good news and some traders have been speculating that a bullish run before the halving could be in store.

According to the Moving Average Convergence Divergence signal, right now is a solid buying period for ETH. As MACD moves into positive territory, there will inevitably be a surge in buying pressure behind the token. The forming green histograms also support the tool’s bullish outlook. In times like this, people can’t guarantee anything for the short term, no matter the experience. But if history is anything to go by, ETH’s current price is definitely a bargain.

Why RaffleCoin Has Been so Intriguing For SOL and ETH Whales

The biggest Solana and Ethereum whales have no choice but to appreciate this project and all the utility it brings to the blockchain space. First things first, RaffleCoin brings a decentralized platform to its audience, making it different from other online raffle platforms. Moreover, it has much lower fees than its traditional replacements as well as instant withdrawals. It also motivates users to hold tokens in presale, as users who are going to hold the native token will have a right to participate in the decision-making process.

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There is no real safety concern, as it already passed its audit. With that being said, transparency isn’t an issue either. Investors with years of experience within the industry are also dumbfounded by how liquidity will be locked for life and the team tokens will be locked for 2 years, furthering the transparency of the team as well as the community. At a measly price of $0.016, this is a huge bargain and a potential blue-chip crypto in the very near future.

Find out more about RaffleCoin by visiting their website.