Investors in Bitcoin Cash and Dogecoin have shown they may have a soft spot for a good underdog. Both coins arrived as alternatives to more established blue chips, and over the years charted their own course on the markets. Now, the investors in Bitcoin Cash and Dogecoin are turning to the opportunity of Raffle Coin, a new presale-stage token with the potential to grow into a blue-chip asset.
Bitcoin Cash Holds Above $500 After Bouncing from Lows
Bitcoin Cash ended the week in the green, recovering from the recent dip. However, this time, Bitcoin Cash stabilized at around $509.25, abandoning its previous stability level above $600.
Bitcoin Cash remains a favorite asset of miners for both fees and block rewards. Due to another weekend of extremely high Bitcoin network fees, Bitcoin Cash is currently also cheaper to send and receive.
For new buyers, Bitcoin Cash remains risky, as it has traded even under $100 during prolonged bear markets. Bitcoin Cash still requires a significant initial investment and the potential to absorb temporary losses. The coin trades in a relatively small range and has not had a breakthrough to four-digit prices in years.
Dogecoin Consolidates, Waits for Another Breakout
Dogecoin consolidated around $0.15, with almost no fluctuation in the past week. Dogecoin is now awaiting another period of sideways trading before an eventual breakout.
For now, Dogecoin is also ignoring the stronger rallies in other doge-themed meme tokens, including ShibaInu and others. Dogecoin is also not chasing any new memetic clout, beyond its general influence on the market.
Dogecoin is known for its reliability and ease of use in sending payments. However, it might not be the best option for immediate gains or for using various functionalities within the crypto world. Almost all crypto users are aware of Dogecoin and can easily access it, but there are no promises of airdrops, returns or anything to drive the price to a new vertical rally. Activity on the Dogecoin network is also relatively low, at around 54K active addresses per day.
Raffle Coin Brings Deepest Discount During Presale Stage 1
Raffle Coin is offering a heavily discounted presale with the potential for significant returns. Their goal is to become a widely used platform for both traditional games of chance and user-created raffles. To jumpstart adoption, tokens are currently being offered for $0.020 per token.
Raffle Coin aims to use the popularity of Web3 gaming and bring a new world of raffle games. Those games will be freely available to users and will range from short-term fun to weekly raffles with significant jackpots. Users will also be able to complete small tasks and reach milestones for additional tokenized rewards.
All users will receive rewards for their activity. Presale token holders will have additional perks, including a share of the revenues. Raffle Coin will distribute 40% of its fees and revenues, proportional to the amount of tokens held. Larger investors will also gain access to five tiers of VIP services, which will include a personal account manager.
Click here to join the Raffle Coin presale.
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