Raffle Coin attracts Tron, XRP investors amid SOL, ETH downturn

As Ethereum and Solana experience downturns, Raffle Coin emerges as a promising option for Tron and XRP holders, offering potential 25X returns.

The crypto market has experienced a general drop in value. Top tokens such as Ethereum and Solana have not been spared, with the former now selling for slightly above $3K and the latter selling for $150. A news report has suggested that crypto investors are anxious to diversify their portfolios.

With this drop, presale tokens like Raffle Coin have taken center stage. Now selling for $0.020 per token, holders of Tron and Ripple have jumped ships and are buying into the token. Some have suggested this move is due to the 25X return opportunities Raffle Coin promises before the end of Q2.

Ethereum and Solana drop in the crypto market

Ethereum has lost about 11.9% of its value in the last 14 days. With the general price drop that started weeks ago, this is not surprising for Ethereum’s savvy investors. Some Ethereum holders have already bought into presale tokens like Raffle Coin to diversify their portfolios. News reports that Ethereum has been trading sideways, trying to sustain itself above the combined support of $3K and a very high retracement level.

Built to aid the launch of decentralized applications, Solana has kept its functionality high in the crypto community. Although Solana’s price is dropping, some investors are trying to buy more Solana. This is partly due to the recently announced Solana auction by FTX, which has taken over the social media news space. The auction promises to sell at a very high discount, even though the Solana tokens are locked.

Why Tron and Ripple holders could be buying into Raffle Coin

According to the news, Tron has lost about 5.3% of its value in the last 30 days. Some have rumored that this drop could be due to some Tron holders buying into alternative tokens like Raffle Coin, but it’s just the regular market behavior of crypto traders.

The ongoing SEC lawsuit against Justin Sun could cast a dark cloud over Tron’s market activity. This could be why Tron users are moving ships with lots of uncertainty in the air.

Ripple’s technology, particularly its native token, XRP, has been a major topic of discussion in the cryptocurrency market. The Ripple network aims to address inefficiencies in traditional finance by facilitating faster and cheaper transactions.

As a result,  more creators of decentralized applications (dApps) are integrating with Ripple. By presenting users with payment options such as micropayments, DeFi, and NFT, Ripple has been operating reliably, having closed 70 million ledgers.

Raffle Coin sets the pace in presale stage one

The Raffle Coin is the native token of the yet-to-launch web3-based raffle game platform. As the first of its kind, Raffle Coin will be the governing tool of the platform. The platform uses a decentralized blockchain technology and has no central authority. This is why the crypto community has rallied in stage one of the presale and impressively bought into Raffle Coin.

So long as one holds the Raffle Coin, the platform will provide incentives such as cashback, earning more tokens, and account management tips. More benefits include easy transactions and a zero-commission crypto swap fee on the platform. While other tokens are falling, Raffle Coin could be the token to help stabilize their losses before the end of Q2.

To learn more about Raffle Coin, visit the website.