As the Raffle coin presale continues, anticipation reaches a significant high this week. Several investors have been pulling their numbers into a decentralized raffle project. Now, more than ever, Ethereum and Solana whales have started to show interest in the upcoming project, as noticed by their investments in it.
Ethereum’s Price Faces Crucial Test as It Struggles to Overcome Resistance Levels
Since its first significant drop this week, Ethereum has struggled to keep its head above the water. After facing a price drop from the $3,650 zone and falling past many support levels, experts are beginning to doubt the potential of the coin to rise above losses for a while. Although Ethereum showed a positive turn for a while, trading above $3,400, it didn’t take long for it to decline again.
Crypto analysts say there are two resistance levels, which, if passed, may signal an uptrend: the $3,300 and the $3,650 levels. If it passes the $3,650 resistance, there is hope for it. However, they are also watching to see if it will clear the $3,250 support level, as this might be bad news. Some say it may go as bearish as $3,120 if it clears it.
Solana’s 76.8% Non-Vote Transaction Failure May Initiate a Bearish Turn
Reports from several sources have shown that Solana is experiencing technical difficulties, slowing its non-vote transaction speed down by 76.8%. According to some, this may be due to spam transactions carried out by arbitrage bots.
The Solana coin has done well this year 2024, reaching a 59.79% increase. In the last 30 days, its price has also risen by 27%. However, over the past few days, its performance has decreased by 4.73%, and it is selling at the $175 level. This bearish move may be due to this recent technical difficulty, as other Solana based coins also face the same fate.
Heavy Investments Signal Market Confidence in Raffle Coin
Ethereum and Solana whales are well known for their substantial cryptocurrency holdings and intelligent investments. Their investments in Raffle Coin have increased the anticipation for a presale market sweep. Raffle Coin is a decentralized platform for raffle draws. It allows users to participate in raffles and win prizes they can collect in crypto.
Its reward system is activity-based, which means users get more rewards as they participate on the platform. The Raffle coin presale is currently ongoing at $0.020, which gives investors the right to a portion of the income generated on the platform. Another reason the anticipation for Raffle coin is high is its liquidity, which will stay locked for life. This is also why crypto enthusiasts believe this coin may become a blue-chip crypto.
To learn more about the Raffle coin, visit this link.
