The recent market downturn, which many analysts attribute to a pre-halving shakeout, has seen major cryptocurrencies such as Stacks (STX) and Mantle (MNT) decline in value. All hope is not lost though as investors look to low-cap or presale projects for significant gains in the future.
The current dip is a haven for investors who are looking to buy solid cryptocurrencies at discounted prices. Stacks (STX) and Mantle (Mantle) holders are hedging their investments by investing in Raffle Coin (RAFF), a new decentralized raffle system that has been lauded as one of the top crypto coins to buy in Q2 2024. Let’s look at why Raffle Coin (RAFF) is attractive to Stacks (STX) and Mantle (MNT) holders.
Stacks (STX), an OG Bitcoin (BTC) layer-2 network, is getting ready for a major overhaul via the Nakamoto upgrade. The Nakamoto upgrade is poised to introduce parallel processing capabilities, empowering Stacks (STX) miners to generate multiple blocks in between Bitcoin (BTC) blocks.
Implementing parallel processing paves the way for Stacks (STX) to offer enhanced scalability and efficiency in decentralized transactions. Investors are also excited by the upgrade as they expect the price of Stacks (STX) to benefit from it. Stacks (STX) is currently going for $2.88, a 17.7% decline in the past two weeks. However, the long-term outlook for Stacks (STX) is bullish.
Mantle (MNT), the layer 2 scalability solution built atop Ethereum, has fallen 17% two weeks after reaching an all-time high of $1.51 on April 8. It is nearly impossible to point accusing fingers at Mantle (MNT) because thee has been a market-wide sell-off that saw many cryptocurrencies tumble.
Analysts have cautioned that the crypto market behaved as expected as halving drew closer. Now that the halving has come and passed, a bullish trend is being anticipated. However, investors worry that Mantle (MNT) could see further selling pressure, resulting in additional loss of value. Mantle (MNT) is trading at $1.23 at press time, indicating a 3.6% increase in the past week. For this reason, Mantle (MNT) holders are allocating a portion of their dry powder to new cryptocurrencies such as Raffle Coin (RAFF) due to their high growth potential.
Raffle Coin (RAFF) is poised for significant growth as it sets its sights on revolutionizing the raffle space. With its unique approach to digital lotteries, Raffle Coin (RAFF) has garnered investor attention, sparking anticipation for what lies ahead.
There are several reasons why investors are attracted to the Raffle Coin (RAFF) presale. These benefits include discounted token prices, revenue sharing, decentralized governance, and transparent raffle draws. Raffle Coin (RAFF) developers will mint a total of 777.7 million RAFF tokens, with 60% of the supply reserved for presale investors.
Investors can buy Raffle Coin (RAFF) for only $0.02 in stage 1 of the ongoing presale. Analysts have lauded Raffle Coin (RAFF) as one of the best cryptos to buy, leading many investors to sign up for the Raffle Coin (RAFF) presale.
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.
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