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When there is a market shift in asset prices, investors begin to buy or sell their holdings. It's been the end of crypto winter and investors want to add crypto assets to their portfolios. Many crypto projects are experiencing another bull run.
The apex crypto project, Bitcoin (BTC) has set and broken three price records in just a few days. Ethereum (ETH), the second biggest crypto project in the world after Bitcoin (BTC), is edging closer to matching and surpassing its all-time high price of $4700 in 2021. It is 2024 and Ethereum (ETH) is already back in the 4,000s as far as valuations go.
Crypto exchanges are experiencing a boost in trading activities, with investors moving more of their funds into stablecoins while looking for promising crypto projects to get involved in. Shareholders of the Binance coin (BNB) and Tether (USDT) are looking to invest in Raffle Coin (RAFF).
Tether (USDT) trades for $1. It has traded for one dollar from its inception because it has IS-regulated assets to back it. Such coins are known as stablecoins. They don't change in value and investors buy them. Why?
Investors buy stablecoins for several reasons, and they include
Using stablecoins as a hedge against inflation
Using stablecoins as a way to keep wealth away from authoritative governments
Using stablecoins as a placeholder before investing in crypto projects
Many suggest that the growing number of Tether (USDT) holders buying into Raffle Coin (RAFF) are investors using the stablecoin as a placeholder while they find promising crypto projects.
When industry analysts expect a 25x increase in the resale value of Raffle Coin (RAFF), it's a brainer why investors from Tether (USDT) want a piece of Raffle Coin (RAFF).
Binance coin (BNB) trades at $600 today. This rose from its initial value of $332 a month ago to $483 a week ago. The rise of Binance coin (BNB) inspires its shareholders to seek other crypto assets worth investing in. This trend could stem from the culture of Binance Coin (BNB) itself. The project is a cryptocurrency exchange where most users and investors are traders.
That can cultivate a mindset of exploration and a pioneering spirit. The market cap and diluted market cap of Binance coin (BNB) has reached $91 billion. The token supply of Binance coin (BNB) stays at 149 million and its daily trading volume is $5.6 billion.
Raffle Coin (RAFF) is a decentralized platform for raffle tickets and prizes. The team behind Raffle Coin (RAFF) is committed to bringing the benefits of blockchain technology to the raffle industry. Some of these benefits include:
Decentralized governance to help shape the future of the Raffle Coin (RAFF) platform
Presale investors earn revenue from platform fees
Transparency with transactions on the platform
Find out more about the Raffle Coin (RAFF) presale by visiting the website here.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
