Crypto influencers, traders and investors over the past couple of days have been captivated by the presale of Raffle Coin. Considering how the entire market is due for an uprise, coupled with the fact that a project like Raffle Coin hasn’t really broken the mainstream crypto space, is all a giant indicator of success that traders, particularly within the communities of Litecoin and Polkadot, have taken into account.
Raffle Coin is an opportunity that won’t be here forever, and these communities are capitalizing on it while they can.
Polkadot market behavior predictions – Why is the community torn?
Polkadot has taken a noticeable dip of around 10% for the past week. However, that is in line with the whole crypto market and not something to lose sleep over for experienced Pokadot investors. In fact, most of them would agree that this is a relatively good accumulation period for the project, considering the fact that the Bitcoin halving is creeping closer and closer by the day.
Some crypto traders predict a bearish outlook for the short term, as Polkadot hasn’t seen the returns it did last year; it hasn’t even come close. This viewpoint serves as a repellent of new and inexperienced traders in the Polkadot community. The Relative Strength Index, or RSI, still implies that the asset is below the neutral threshold of 50. Nonetheless, DOT could continue on a bullish trend if it can manage to establish $9.43 as a support level.
What Litecoin’s recent correction means for its future
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In spite of Litecoin’s recent correction of 10%, for the week, it is still looking bullish, hovering around an increase of 4%. This has kept the Litecoin community extremely bullish, as many of the other altcoins haven’t been nearly as bullish this week. Its correction on April 3rd could be chalked up to following in Bitcoin’s footsteps, just a tad bit later. It is a well-known fact that Bitcoin is considered “Digital Gold”, while Litecoin is often compared to silver.
Litecoin currently holds a solid position as the 19th-ranked cryptocurrency by market cap. If everything goes according to history and Litecoin breaks out of the current bearish period, Litecoin could see a price of even $115 all the way to $120 sooner rather than later. However, if the trend continues, it is also possible for Litecoin to see support from $86 to even $57.
How Raffle Coin captivated both the communities of Polkadot and Litecoin
Crypto traders from all across the globe have been enamored with this project. The decentralized nature of it is a breath of fresh air in the raffle community, and the whole idea is well-executed. Raffle Coin proves that it cares about its community by offering extremely low fees and instant withdrawals. It also incentivizes potential users to hold their native tokens, as token holders are going to be able to be a part of the decision-making process.
Moreover, there is no real safety concern as Raffle Coin has passed its audit. Transparency isn’t an issue either. Liquidity will be locked for life, and team tokens will be locked for 2 years, which is always an indication of a solid project with a solid team behind it. Experts are warning people not to be surprised if the project eventually becomes a blue-chip crypto, especially at a modest price of $0.016.
Find out more about Raffle Coin by visiting their website.
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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.
