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Over the past few weeks, the cryptocurrency market has been buzzing with excitement as the Raffle Coin (RAFF) presale heats up, with top traders of Polygon (MATIC) and Bitcoin Cash (BCH) flocking to buy the coin.
The presale has already seen a surge of interest from investors looking to get in on the ground floor of what many believe could be the next big thing in the world of cryptocurrency. With the growing support from the Polygon (MATIC) and Bitcoin Cash (BCH) communities, the Raffle Coin (RAFF) presale is poised for explosive growth, with some predicting a 50X increase in value.
Polygon (MATIC) Drops Under the $1 Resistance Level
Polygon has largely mirrored the performance of the cryptocurrency market, plunging below $1. On the weekly chart, the MATIC price has fallen more than 7.5% despite scoring a major partnership and the launch of Libre. As a result of the price plunge, MATIC has lost all its gains recorded over the last 30 days and is now down by 1%.
The $1 mark is considered a significant level for Polygon, as it would determine the direction of the coin in the short term. If the MATIC bulls fail to strengthen the altcoin price above this level, a $0.800 support level breakdown could happen. Conversely, if MATIC strengthens above this level, it could run for the $1.5 level in the coming weeks.
Bullish Momentum Drops, Bitcoin Cash (BCH), Risk Breakdown
Unlike Polygon, Bitcoin Cash was one of the top-performing altcoins in recent weeks. From a low of $350, the price of Bitcoin Cash shot up as high as $435 for a new weekly high. However, BCH has lost the bullish momentum, with its price returning to the $400 range.
Although the BCH price is still bullish on the monthly time frame, a fall below the $400 support level could lead to a 15% price decline. Because of this, the BCH bulls must protect the current level. An increasing number of investors are turning to Raffle Coin (RAFF) due to the uncertainty surrounding the short-term performance of Bitcoin Cash.
Raffle Coin (RAFF) Presale Heats Up in Anticipation of 50x Price Surge
Raffle Coin (RAFF) has generated a lot of excitement in the crypto space as it is the first blockchain based platform in the world to provide a public decentralized raffle system. The way Raffle Coin approaches raffles is what sets it apart. RAFF, in contrast to conventional raffle methods, makes use of blockchain technology to guarantee impartiality and openness in the selection procedure. Raffle Coin is expected to yield up to 50x returns in 2024 since it addresses a significant issue for the raffle sector.
Furthermore, customers don’t have to wait around for a long time because lotteries and raffles are offered every day, every week and every month. Although RAFF addresses the issue with the conventional raffle method, there is a fantastic opportunity during the presale. Investors will be instantly entered into a $100,000 raffle for each Raffle Coin purchased during the presale, which is currently only priced at $0.020 per coin. After the current presale concludes, the free draw will be performed, making now the best time to participate in the presale.
Find out more about the Raffle Coin (RAFF) presale by visiting the website here
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Sam Chess is an utterly focused person looking for the minute details having potential to make a big difference. He is a writer and proofreader with a zeal to understand the cryptocurrency market. Additionally, he can be found trying to figure out the biggest mystery in the industry, Satoshi Nakamoto.
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