The launch of Raffle Coin presale heralds a new era for cryptocurrency exchanges and the decentralized platform arrives promising a lot. Many experienced investors on the Cardano and Solana networks recognize the potential, which is why the presale is already generating buzz in the market with expectations of growth and returns of up to 50x.
Cardano: Drop of over 20% in the last month
The purpose of Cardano is to provide a decentralized system that can be used for financial transactions. With a proof of stake algorithm called Ouroboros, ADA is a more energy efficient alternative compared to other blockchains.
Currently, Cardano’s value is fluctuating between $0.5825 and $0.5939. Despite the great potential, investments in cryptocurrencies are unpredictable. Over the last month, crypto has seen a 20% drop. In other words, a third generation blockchain focused on solving scalability problems with its price fluctuations showing resilient performance.
The implementation of the Alonzo upgrade expanded Cardano’s capabilities to support crypto applications, including non fungible tokens and smart contracts. This affects the potential of crypto and its market value.
Solana: More than 47% increase in the last month
With an approximate value of $189.27, the digital currency has seen an increase of 47% in the last month. This shows investor confidence in Solana and wider adoption in the market.
Solana’s current market capitalization is $81.97 billion, a 4.69% of the total cryptocurrency market. This is accompanied by a trading volume in the last 24 hours of $4.43 billion, which is 10.97% of the total traded. The volume/market capitalization ratio is at 5.30% and indicates healthy liquidity and an active market.
The crypto has a circulating supply of 444.82 million SOL and a total supply of 573.21 million SOL. By not having a maximum supply, there is no fixed limit to the total amount of SOL that can exist. This could have interesting implications for inflation and the long term appreciation of the currency.
Daily draws with Raffle Coin
Being a decentralized platform in the first presale stage at $0.020, Raffle Coin aims to redefine the way raffles and draws are conducted. With blockchain technology, there will be much more security and transparency. Additionally, it is an easy to use platform and investors can participate in raffles with cryptocurrency prizes.
That said, with Raffle Coin’s entry into the decentralized finance market, the promise of returns is 50X. Not to mention that with the team’s tokens blocked for two years and liquidity permanently locked, the commitment is clear, such a measure makes it possible to eliminate any possibility of market manipulation.
Finally, the project also promises to distribute 40% of the fees generated on the platform among presale investors, further increasing the potential return on investment and attracting a lot of positive attention about its interesting arrival in the cryptocurrency niche.
See more about the Raffle Coin presale right here.
