Ripple and Litecoin have always been two of the most favorite tokens of crypto investors. However, a new token has recently been introduced in the market – Raffle Coin. The main aim of this coin is to change the way we participate in raffles and lotteries by making it totally decentralized.
Analysts are predicting a 50x surge in value for the token, which has caused quite a stir in the market. Investors are swarming towards it to make sure they become one of the few early buyers. This is why Raffle Coin’s presale has become a major point of interest in the crypto market.
Ripple to Launch its USD-backed Stablecoin
It was long overdue, as Ripple has always been interested in the stablecoin market. Now, they have launched a new USD-backed stablecoin in the 150 billion dollar market. The coin will always be backed by an equivalent sum of assets, either U.S. dollar deposits, government bonds, or cash. Unfortunately, the token is only being released in the U.S. market.
Garlinghouse said that Ripple decided to launch its stablecoin because of the “Depegging” events that occurred with USDT in 2022 and Circle’s USDC in 2023. They both lost their $1 value for a while due to market-shifting events. However, investors are still looking for opportunities to multiply their holdings. Raffle Coin is one such project that has caught their eyes mainly because of the swarm of investors jumping into it.
Litecoin Boosts in Value After CFTC Statement
Litecoin was designed to be a lighter, more efficient, and faster version of Bitcoin. There’s usually not much activity in the project. However, due to the bull market, Litecoin managed to reach $114. This wasn’t just because of the bullishness of the market; it was also because the CFTC, in their recent statement in a case against KuCoin, addressed Litecoin as a commodity.
This might not sound like big news, but for those who know, Litecoin has been under scrutiny by the SEC. Now, after the statement, the project is all clear, which helped the token take a long jump in value. Now that the hype has lowered, Litecoin investors are looking to diversify their portfolio by investing in Raffle Coin’s presale in hopes of huge rewards in the upcoming months.
Analysts Predict 50x Surge in Raffle Coin’s Value – Presale Mania Continues
After the success of Ripple and Litecoin, their investors are swarming into Raffle Coin’s presale. Raffle Coin is a decentralized platform that makes raffles and lotteries more rewarding and secure. Users can win various prizes, including crypto, clothing, and cars. According to experts, Raffle Coin can be 50x in value after the official launch because of its exceptional use case and innovation.
The signup process is very simple; users can instantly fund their account with any of their favorite cryptocurrencies. Another thing that makes this project incredible is that it is user-friendly and provides instant withdrawals. If the winners don’t like anything that they’ve won, they can simply exchange it with any crypto of their choice.
Currently, Raffle Coin is in stage 2 of presale with a per-token price of $0.020. The presale is limited to only six stages and the second one is about to end soon. Lastly, there will be a $100,000 giveaway at the end of the presale stages for the early investors. By locking away the team’s tokens for two years and committing to never unlock the liquidity, RAFF is making sure it’s here for the long haul.
To learn more about what Raffle Coin offers to its users, click here.
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