The fall in the price of Shiba Inu and Toncoin has investors looking around for new investment opportunities with good potential returns. Together with hedge funds, these communities are attracted to the pre-sale of Raffle Coin. The potential for a 50X return on investment is attracting traders seeking refuge from the current bearish trend in the crypto market.
With a proposed lottery platform full of advantages, both users and investors are coming to check out the project. In addition to the potential return, there are other benefits for investors, such as higher prizes in the draws and profit sharing.
Shiba Inu transaction volume has dropped by almost 35% in the last 24 hours
Last week was a good one for SHB investors, as the price of the token increased by more than 22%. However, the volume of transactions in the last 24 hours, perhaps reflecting this event, fell by more than 30% to stand at $590.55M. The market capitalization of $16.09B shows the weight that crypto has in the market.
Last year’s launch of Shibarium, a Layer-2 network designed to run on the Ethereum blockchain, had a major impact on the token’s price and investor confidence. The network is always trying to expand and innovate. Proof of this is the Shiba Inu Metaverse, which aims to provide new virtual environments for SHIB holders. This way, they can interact and carry out activities within an expansive and digitally native universe, giving the asset yet another use.
Toncoin in freefall for over a week, reaching less than $5.7 per token
The asset’s market capitalization fell by almost 4% to $19.6B. The price of the token continues to fall and today alone it has also fallen by almost 4%. This devaluation has only just begun, as just a few days ago the asset’s price passed $7.
The Open Network’s native cryptocurrency set a new world record by reaching 104,715 transactions per second in a public performance test last year, beating well-known networks and even traditional centralized payment systems such as Visa and MasterCard. The title of the world’s fastest blockchain was well-received in the market.
Comments by Pavel Durov, founder of Telegram, about a possible Telegram IPO have also generated a lot of optimism among investors. A sign of this is the volume of transactions in the last 24 hours, currently at $316M, which has increased by almost 50%.
Raffle: Forecast returns of up to 50X attract investors en masse to pre-sale stage 1
The decentralized lottery and sweepstakes platform, Raffle Coin, allows users to participate in sweepstakes without having to do physical or KYC checks and without leaving their homes. Designed to be extremely easy, with instant withdrawals and a user-friendly interface, the project is attracting users from all over the world.
Still in pre-sale stage 1, it is being marketed for $0.02 per token. The promise of passive income and 50X returns has put the project in the spotlight. But the advantages of this new asset don’t end there.
Find out all about the Raffle Coin pre-sale on the website.
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.
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