The introduction of Raffle Coin (RAFF) has ignited a surge of enthusiasm within the Ethereum (ETH) and Bitcoin (BTC) communities, and this has attracted the attention of investors, not surprisingly. Moreover, it is mostly investors keen on harnessing the potential of the new coin for exponential growth.
Meanwhile, as ETH grapples with a downturn in price amidst regulatory conjecture, the advent of RAFF presents a fresh avenue for investors exploring alternative paths in the cryptocurrency realm. Likewise, Bitcoin confronts a weekly price decline while other activities keep up in the crypto space. Moreover, Raffle Coin (RAFF) launch stirs excitement among ETH and BTC circles, predicted to grow 100X soon.
Ethereum Price Decline Amid Regulatory Speculation
Ethereum has seen a significant weekly price decrease, trading between $3,755 and $3,336, with a decline of 12%. Amidst this price volatility, regulatory speculation has emerged as a critical factor influencing market sentiment. Notably, there have been discussions surrounding the Securities and Exchange Commission (SEC) addressing demands from critics concerning spot ETH ETFs, including Democratic senators Jack Reed and Laphonza Butler.
These senators have advocated for SEC Chairman Gary Gensler to cease approving additional spot Ethereum ETFs, reflecting apprehensions within the regulatory environment concerning the expansion of cryptocurrency investment instruments.
Bitcoin Experiences Weekly Price Decrease Amid Predictions of Continued Volatility
Bitcoin has witnessed a decrease in its weekly price, trading between $68.22K and $63.08K, marking a decline of 7.5%. Semir Gabeljic, the Director of Capital Formation at Pythagoras Investments, highlighted the recent fluctuations in Bitcoin, particularly referencing a 6.4% drop at the beginning of the week. Gabeljic attributed this volatility to significant outflows from the Grayscale Bitcoin Trust (GBTC).
It amounted to approximately $300 million on March 20. Gabeljic further noted that such declines are common occurrences before Bitcoin halving events. He anticipates continued volatility leading up to the next halving event. BTC halving events occur approximately every four years and involve reducing the rewards miners receive for validating transactions on the Bitcoin network.
Raffle Coin (RAFF) Launch Stirs Excitement Among Investors
Raffle Coin (RAFF) is a decentralized platform offering users the opportunity to participate in various raffle draws with ease. Users can sign up for an account and instantly fund it using a range of cryptocurrencies. They can then browse through a variety of raffle listings, entering the ones that catch their interest. Moreover, 40% of the fees generated on the platform are distributed among presale investors, providing them with a share of the platform’s success.
In Stage One of its presale, the Raffle Coin is available for $0.020 per token. With a total of six stages planned for the presale, investors have the opportunity to secure these tokens at an early stage. The project boasts locked team tokens for two years and liquidity locked for life, ensuring stability and security. Moreover, it has a limited supply of tokens and the potential to be a blue-chip crypto.
Find out more about the Raffle Coin (RAFF) presale by visiting the website here