Raffle Coin presale surges amid Tether scrutiny; Cardano eyes $1

Tether (USDT) grapples with regulatory pressures, and Cardano (ADA) aims for a new price milestone. Amid these developments, Raffle Coin (RAFF) emerges with a presale that’s capturing the interest of investors with a new lottery protocol.

Tether faces regulatory scrutiny 

Tether has been unstoppable since December 2022, with its market cap surging from $65 billion to $97 billion.

While on-shore stablecoins such as USDC are banking on a compliant, pro-regulation stance, the majority still transact with the more laissez-faire Tether despite the regulatory concerns that continue to persist.

However, according to JPMorgan, Tether’s dominance might be undermined by creeping regulations in the US and European markets. 

Can Cardano breach the $1 mark? 

Cardano has been making waves recently, with its token prices surging by 3.52% in the past week, trading at $0.62 as of press time.

The big question most Cardano holders ask is whether it could reach $1 ahead of the Bitcoin halving in April and the bull run in 2025. According to analysts, Cardano would have to breach its December highs of $0.69 before a clear path to $1 can be reasonably expected. 

Raffle coin launches stage 1 presale amid bullish expectations 

Raffle Coin introduces a decentralized raffle and lottery protocol. RAFF enables participants to access various raffles, giveaways, promotions, and lotteries for prizes such as money, cryptocurrencies, luxury items, vehicles, etc.

To protect retail investors from unanticipated selling pressure, RAFF has implemented a two-year lock on team token allocations and a lifetime lock on platform liquidity.

Its presale provides tokens priced at $0.016.