Blood is on the streets, as the crypto market rings in April with a bloodbath. Bitcoin slid below $65,000 after a hot run to close out the first quarter of 2024. Binance Coin, despite its stellar Q1 2024 performance, wasn’t spared from the correction. However, many Binance Coin holders are already in the green and ready to invest, with savvy investors “Tethering up” to USDT to preserve their hard-earned gains.
In April, one of the most tantalizing investment opportunities drawing a good number of Tether and Binance Coin holders is Raffle Coin, whose Web3 raffle and lottery platform allows token holders the chance to win luxurious prizes, travel experiences, electronics, and more from lotteries and prize draws listed on the platform. Industry analysts believe its native token could turn in a 25x gain in the next bull cycle.
Tether stablecoin issuer Tether International Ltd was reported to have acquired about 8,888 Bitcoin last March 31, according to on-chain analysis by crypto intelligence outfit Arkham Intelligence. The purchase, which was at the time valued at $626 million, boosts Tether International Ltd’s holdings to upwards of 75,000 Bitcoin. The move cemented the issuer’s place as the 7th-largest Bitcoin holder, representing a combined value of $5 billion.
Like most altcoins, Binance Coin corrected from trading at $614 to close out March to $581 as of press time on April 4th. The correction is likely linked to the fact that Bitcoin slipped to $65,000 in the past 24 hours. Prior to the retracement, Binance Coin had been on pace to retest its previous all-time highs of $686 set back in 2021. The price swoon could present an opportunity for investors to capitalize on buying the dip.
There is one unquestionable truth about the crypto world. Namely, that the biggest potential gains are made by buying into low-cap or presale gems that bring an unprecedented level of utility before they have a chance to moon. Binance Coin holders can attest to that. Well, that same opportunity has arrived with the presale launch of Raffle Coin.
Raffle Coin is building the first decentralized lottery and raffle platform enabling users to access a world of endless prize draws and lottery experiences with its native RAFF token, becoming the first protocol to do so. Raffle Coin seeks to parlay its status as the first-mover in the industry into what could be big gains in 2024 and beyond. Industry observers are forecasting a 25x gain for the raffle platform. With RAFF token prices available at $0.02 as of stage 1 of its presale, Raffle Coin is an investment opportunity that’s not to be missed in 2024. And once the proper bull run begins in 2025, the sky’s the limit.
Find out more about the Raffle Coin (RAFF) presale by visiting the website here
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