Cryptocurrency markets are on the mend, but for now the heady gains from the past few weeks are slowing down. Leading blue chips like Bitcoin Cash are struggling to move to previous peaks, while Stellar investors are also looking to redirect their energy. The arrival of Raffle Coin can shift the attention to the new asset, offered at discounted presale prices.
Just a day after its halving, Bitcoin Cash is trying to erase some of the losses from the first week of April. The coin established itself well into the top 15 based on total market capitalization but is yet to break out. So far, during the bull market, Bitcoin Cash has received more gradual gains, testing the market's enthusiasm for a new parabolic rise.
One positive sign for Bitcoin Cash is the slowly expanding trading volumes, reaching $1.9B per day on April 4. Bitcoin Cash also suffered an unexpected side effect from the halving. Miners competed to grab the last blocks with a 6.25 coins reward, so they achieved the halving before schedule.
After that, the hash rate fell and caused a slowdown in block production. The slow blocks erased some of the overnight gains for Bitcoin Cash, when the coin temporarily touched $670 once again.
Stellar managed a small rally, returning to $0.13. But over the past months, It has been bound in a rather tight range, between $0.10 and $0.16. This only gives leeway for very careful trading, as Stellar is also choppy and changes directions often.
Stellar is still awaiting a breakout, and suffers from lack of visibility during the current bull market. In the long run, the Stellar project had ambitious plans, but the main asset itself was displaced by faster gainers.
One of the advantages of Stellar is its internal ecosystem, where it is possible to swap and trade wrapped tokens for negligible fees. However, this ecosystem remains niche and users are tied to using a single blockchain, which also requires a learning curve. Stellar investors are also looking for a new stage in their journey, where a hotter token could offer similar utility and steeper gains.
Raffle Coin opens up an opportunity to enter at the lower range of its presale stages. At the moment, this token sale runs at only $0.02 for a share in the limited token supply.
Raffle Coin aims to offer value first through its appreciation as the project progresses. Holding a share of the 777,777,777 tokens will also translate into lifetime gains from the platform's income.
Even before its launch, Raffle Coin has built a vision of what its platform will achieve. Building on the Web3 basics, Raffle Coin will connect all users as peers. Raffle games will be open to anyone with a wallet and accessible for a fee in multiple crypto tokens.
Check out the official website of Raffle Coin to find out more.
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