The crypto market was in turmoil in the run-up to the much-anticipated Bitcoin (BTC) halving. This turbulence has pushed investors Cronos (CRO) and Arbitrum (ARB) investors to seek safety in upcoming but solid projects.
Raffle Coin (RAFF), a rising star in the crypto sphere, is poised for huge gains despite the prevailing uncertainty surrounding major players like Cronos (CRO) and Arbitrum (ARB). The ongoing shakeout does not spell the end of the bull market but requires investors to recalibrate their portfolios. Raffle Coin (RAFF), described by analysts as the best cryptocurrency to buy in 2024, has been the focal point as the market tries to find its footing.
This article looks at why Cronos (CRO) and Arbitrum (ARB) investors flee to Raffle Coin (RAFF).
Cronos (CRO) Takes a Knock Despite Mainnet Upgrade
Cronos (CRO), an Ethereum Virtual Machine (EVM) compatible chain catering to the Cosmos ecosystem, has taken further price beating despite undergoi`ng a mainnet upgrade. Taking to X (formerly Twitter) on April 17, Cronos (CRO) announced that the upgrade went smoothly and all services went back online.
However, this did not help to boost the price of Cronos (CRO). Cronos (CRO) is trading at $0.1317 at press time, indicating a paltry 0.5% in the past 24 hours. Zooming out, Cronos (CRO) is down 2% in the past week. On the bright side, analysts claim that Conos could come good when the market gathers momentum. Cronos (CRO) is renowned for its rapid finality and low-cost transactions, making it a notable competitor to Ethereum (ETH), one of the most pioneering blockchain networks in the crypto space.
Arbitrum (ARB) Slides 22% in a Month
As the broader crypto market takes a knock ahead of Bitcoin (BTC) halving, Arbitrum has been on the receiving end as its price falls. Over the past month, Arbitrum (ARB) is down 22%, leaving it trading at $1.23 at the time of writing. On the 14-day chart, Arbitrum (ARB) is down almost 18%. This is not a surprise, as bears have taken control of the nascent market over the past few weeks.
This does not faze experienced traders who are familiar with the shakeout before the uptrend resumes. Analysts claim that investors will start accumulating Arbitrum (ARB) a few months after the halving event. At the moment, Arbitrum (ARB) investors are fleeing to new cryptocurrencies such as Raffle Coin (RAFF) or stablecoins.
Raffle Coin (RAFF): A Preferred Cryptocurrency Amid Uncertainty
Raffle Coin (RAFF), a promising Web3 project set to revolutionize raffle gaming and trading, has taken a further stride as a go-to cryptocurrency for investors in times of volatility and market uncertainty. The new cryptocurrency, projected to grow 100-fold in 2024, is a decentralized raffle system that allows users to win prizes and rewards ranging from cryptocurrencies to cars and holidays.
Raffle Coin (RAFF) will mint only 777.7 million tokens. The team’s allocation will be locked for 500 days, showing that they are in it for the long haul. Raffle Coin (RAFF) is attracting investors who can easily sign up to buy Raffle Coin (RAFF) tokens for only $0.02 in the first stage of the ongoing presale.
Find out more about the Raffle Coin (RAFF) presale by visiting the website here.
