Notable partnerships and vibrant platforms have started to influence the space in this rapidly changing cryptocurrency market. March 2024 is a red month for a number of projects. Chainlink (LINK) sees action inside the trading corridor at $18.21 - $21.61, while key integrations raise its scope.
USD Coin (USDC) looks to deepen its roots in the Japanese market through a game-changing partnership, while Raffle Coin (RAFF) will unveil its first-of-their-kind invented, never-before decentralized raffle platform for governance and rewarding mechanisms.
Chainlink (LINK) - March 2024 Forecast and Collaborative Milestones
March 2024 market forecasts share that Chainlink (LINK) will see it trading in between the scopes of $18.21 and $21.61, while the price will average around $20. Most of these are conventional forecasts with a mix of minimum and maximum values, considering various market factors and recent major developments such as Chainlink's (LINK) partnership with ARK 21Shares Bitcoin ETF (ARKB).
The integration of Chainlink (LINK) Proof of Reserve (POR) is a big milestone in project development. This will enable ARKB customers to monitor the reserves of Bitcoin (BTC) in near-real time, therefore empowering the ETF with further transparency and trustworthy features toward its potential investors. The announcement aligned with ARKB's break above $2 billion in Bitcoin (BTC) holdings, reflecting the benefits of that partnership.
USD Coin (USDC) - Expanding Utility in Japan
Coincheck, a Tokyo-based cryptocurrency exchange, announced that it has entered a strategic partnership with Circle Internet Financial to drive the usage of USD Coin (USDC) in Japan. The development could turn out to be quite impactful for a strengthening volume of USD Coin (USDC) within Japan's cryptocurrency ecosystem.
Monex Group is using the massive user base of 1.91 million verified accounts on Coincheck to drive USD Coin (USDC) adoption. This new partnership, in the face of regulatory headwinds in Japan around digital assets, demonstrates the strong commitment on the part of Coincheck to drive greater adoption of digital assets in the Japanese market.
Raffle Coin (RAFF) - Decentralized Raffle Platform
Raffle Coin (RAFF) offers a newly designed decentralized online raffle platform with the use of blockchain. In this regard, the users would get to participate in the raffles instantly, daily, weekly and monthly with far less cost compared to others. It gives the user an instant withdrawal feature, therefore convenient for operations.
One of the characteristics of Raffle Coin (RAFF) is its model of governance, where holders of a number of power tokens are entitled to the decision-making process and propositions for change within the platform. Raffle Coin (RAFF) will incentivize user engagement with a rewards program and bring about a transparent, secure and decentralized online raffle space.
During the presale, the Raffle Coin (RAFF) will be priced at $0.016, giving quite a chance for those who have been looking for a unique twist to lotteries with revenue sharing and community-driven governance.
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.
