The recent launch of the Bitcoin (BTC) ETFs had a ripple effect on the positive growth trajectory of major cryptos in the crypto market like Shiba Inu (SHIB) and Ethereum (ETH). This has created a viable environment for smaller cryptos to thrive.
Investors are rushing to invest in these cryptos and also considering newer potentially profitable projects like Raffle Coin (RAFF). Keep reading to find out why Raffle Coin (RAFF) is sparking 100X excitement as Bitcoin (BTC), Shiba Inu (SHIB) and Ethereum (ETH) experience price surges.
Bitcoin (BTC) Hits New Milestone Before The Upcoming Halving Event
As of March 4, 2024, the total Bitcoin (BTC) market capitalization reached $1.29 trillion. On the same day, Bitcoin (BTC) experienced a 6% surge, reaching over $67,500. The recent upward growth of the Bitcoin (BTC) token is primarily fueled by the positive performance of spot Bitcoin (BTC) ETFs which were introduced earlier in the year.
The ETFs now manage nearly $50 billion in assets and own 4% of all BTC tokens. Crypto analysts have also noted that investors’ optimism surrounding the debut week of the Bitcoin (BTC) halving event has also contributed to Bitcoin's recent momentum.
Shiba Inu (SHIB) Impresses Investors with Its Recent Price Surge
Shiba Inu's recent price surge is mirroring overall market patterns by surpassing previous Shiba Inu (SHIB) resistance levels and attracting substantial trading volumes. This has prompted investors to raise questions about the Shiba Inu (SHIB) token’s growth potential direction in the upcoming weeks.
In the first week of March 2024, Shiba Inu (SHIB) experienced an astronomical 112% increase. This recent growth trajectory of Shiba Inu (SHIB) has showcased the strength and profit potential of the Shiba Inu (SHIB) token to investors.
Ethereum (ETH) Experiences Growing Momentum Due to Recent Ecosystem Developments
Ethereum (ETH) has gained nearly 65% since February 2024 and over 145% since January 2023. Renowned crypto experts have noted that this value surge is due to several factors including the recent Ethereum (ETH) move to a Proof-of-stake consensus mechanism and the launch of Bitcoin (BTC) ETFs.
The high amount of Ethereum (ETH) tokens locked up in smart contracts, staking pools and layer-2 blockchains have also contributed to the Ethereum (ETH) network's growth. Analysts on the crypto market have remarked that the recent Ethereum (ETH) price surge could benefit other lucrative cryptos like Raffle Coin (RAFF).
Raffle Coin (RAFF) is Pioneering the Decentralized Lottery System
Raffle Coin (RAFF) is the first project that offers a decentralized approach to hosting raffles and lotteries for crypto users to earn profit. The Raffle Coin (RAFF) website features a variety of games and enticing prizes like cars, real estate, vacations and cryptocurrency. Raffle Coin (RAFF) users have the option to convert their prizes into crypto through the official Raffle Coin (RAFF) swap service.
The native token of the Raffle Coin ecosystem, RAFF, is currently selling fast at an affordable price of $0.016 via the live presale. Token holders enjoy amazing benefits like early access, transaction discounts and a revenue-sharing model designed to encourage presale purchases.
Despite being a new crypto, Raffle Coin (RAFF) is getting an influx of new investors due to the overall excitement in the crypto community following the surge of mainstream cryptos like Bitcoin (BTC), Shiba Inu (SHIB) and Ethereum (ETH). Don't miss out on the chance to be part of the growing Raffle Coin (RAFF) ecosystem—buy RAFF tokens today!
Find out more about the Raffle Coin (RAFF) presale by visiting the website here.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
