Ethereum has been having a rough time of late, diving to approximately $3,200, which is not making investors all that confident, especially when one considers that this is a steep decline from the all-time high of $4,891 ETH hit in 2021.
As a result, NEM, Bitcoin, and ETH investors are turning to Raffle Coin as an alternative due to the potential for incredible returns. A decentralized raffle platform where users can win lots of prizes, Raffle Coin stands to earn massive gains for investors as it takes the market by storm.
NEM XEM Can’t Seem to Keep Its Gains
NEM XEM is a blockchain platform that allows developers to quickly and easily create and manage a variety of digital assets dubbed mosaics. The platform’s Smart Asset System enables a vast array of applications. Some of the key features include multi-signature accounts for strong security, encrypted messaging, and a namespace system that allows developers to create unique identities for assets.
All this being said, in terms of market sentiment and faith, NEM is priced similarly to a meme coin, with it currently trading at $0.04058. It is slightly up YOY, showing an 8.1% increase from its price of $0.036. However, it’s been quite a rocky journey, with the coin dropping as low as $0.023 and then jumping as high as $0.063. Unfortunately, it could not keep the gains and has slid back.
For 2024, analysts are split, with some believing it could rise as high as $0.061, which would be an over 50% increase from the current price. However, others don’t expect it to go much beyond $0.041.
Bitcoin Exhibits Slight Correction
Bitcoin is, once again, showing why it’s the leader of the cryptocurrency pack. On March 14, 2024, Bitcoin made history by hitting an impressive $73,079, hitting a new all-time high. While it couldn’t keep all the gains, the current price of approximately $66,497.88 is still more than attractive, indicating a 140% YOY spike.
The last few weeks have seen Bitcoin on a slightly bearish trend that now seems to be turning back into a bullish trend. In terms of long-term potential, many analysts believe it could go as high as $100,000 by the end of 2024, with some being so optimistic as to state that Bitcoin could hit $250,000 in 2025. While they don’t think it can maintain such impressive gains, they do think it will likely settle around $200,000.
Others are slightly more conservative. Bernstein, for example, believes it’s likely to hit $90,000 by year-end and rise to $150,000 in 2025. That’s still highly impressive, as it would mean over 100% growth YOY once again.
Raffle Coin Comes With a Promise of Massive Return Potential
Raffle Coin is a decentralized raffle platform that allows users to win a wide range of prizes. Essentially, it’s the blockchain version of a lottery, except with much better odds. And since people love raffles, Raffle Coin has a lot of potential to take the market by storm, which investors can see.
NEM’s returns are likely to be minimal. Bitcoin might impress the market, but even that over 100% return has nothing on Raffle Coin, which has huge potential to do way better. This is particularly true when one considers the fact that Raffle Coin is currently in stage one of the presale, and the price is only $0.02.
Unlike NEM or meme coins, Raffle Coin has a clear business model that does not address solely developers. Generally speaking, B2C blockchain platforms tend to outperform expectations. That’s why it’s not a surprise that analysts expect big things from Raffle Coin.
For more information on Raffle Coin’s presale, please check out the website here.
