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Investors in blockchain projects take a deeper look at their selections, looking for signs of a thriving economic activity. Cardano and Polkadot are two early token platforms which already show a thriving collection of tokens. Raffle Coin aims to tap into those varied ecosystems, by bringing together owners of all types of assets in a decentralized raffle marketplace.
Cardano Price Remains Attractive for Low Entry Point
After a few months of gradual increase, Cardano is at a crossroads again. For a few days, the coin has been hovering around $0.58, looking like an entry point for an eventual breakout.
The case for Cardano includes extreme bullish scenarios where the coin revisits previous highs and makes moves above $5. The biggest limitation is the large supply of Cardano tokens and the readiness of investors to cash out. So far, Cardano rallies have been short-lived due to immediate profit-taking.
Cardano retains robust trading volumes, capped at around $500M in 24 hours. At that trading rate, it takes a small increase in buying to start a new rally. The big advantage for Cardano is that its tokens are now drawing in new buyers, who will also need the basic coin for network fees, liquidity or for accessing other token projects or NFT items.
Polkadot Tests New Price Range
Polkadot has changed its price action pattern after going through the more dramatic peaks in 2021. Now, the NFT market is more mature and Polkadot side projects are trying to achieve sustainable growth.
Currently, Polkadot is trying out smaller breakouts, at one point reaching above $11.54. As of April 4th, Polkadot traded at $8.50, sliding to a one-month low.
The goal of the Polkadot community is to repeat the success of Solana. Currently, multiple high-profile tokens are being launched on the Polkadot network, while larger chains already host significant value by aggregating decentralized finance liquidity.
In the longer run, Polkadot may get a boost from the launch of its 2.0 version, a more agile network that will be used as a blockspace for hosting decentralized apps. The asset is also seen as potentially making a new all-time high in 2024.
Raffle Coin Starts with Early-Stage Price Discount
Raffle Coin follows the success of coins and tokens launching in the spring of 2024 during months of a bullish sentiment. Raffle Coin is also tapping into the demand for innovative platforms.
Raffle Coin will combine a crypto marketplace and swap facility with user-generated raffle games. All wallet users will be able to offer prizes, compete for raffles, or even sell their items at a decentralized marketplace.
We believe Raffle Coin has the potential to turn into a blue chip cryptocurrency, now offering an opportunity for a low-price entry point. The placement of 777,777,777 tokens will happen in several stages, of which the first presale round is at only $0.020.
