Cardano and Solana already recovered from last week’s lows, and loyal buyers bought the dip. After loading up on those high-profile assets, some of the investors were also on the lookout for better return opportunities. Raffle Coin, in its first stage of presale, brings the biggest upside potential this April as it launches the first deeply discounted stage of its presale campaign.
What you'll learn 👉
Cardano Still Far from $1 Target
Cardano is once again stuck at $0.50, testing the patience of traders. The coin looks poised for a bigger rally, as it has only climbed gradually in 2024. However, the actual rally may take longer to materialize.
For Cardano traders, the downside risk is also very real, leading to short-term losses. The chart for Cardano remains unpredictable and cannot indicate a breakout for sure. Additionally, Cardano trades on weaker volumes, dropping under $420M in 24 hours. The latest gradual price appreciation also looks shakier.
Cardano is now used as a staking asset and as a tool to trade newly minted tokens on its blockchain. A rally is not out of the question, but Cardano lacks the hype from previous bull markets when it could still rely on novelty.
Solana Gets Boost from Social Media Mentions
Solana recovered to $156.67, growing by 14% week-on-week. Briefly, Solana also touched $160. A return to the yearly peak above $200 is now more viable.
Solana’s surge in popularity was evident by its emergence as one of the most tweeted-about cryptocurrencies, further increasing its exposure in the market. The Solana ecosystem is as lively as ever, with NFT and meme tokens competing for attention.
The asset itself is also highly active in centralized trading and decentralized finance. Even after a slow week, daily trading volumes remained above $3.1M.
Solana is also closely held, with only under 4% of the supply changing hands in daily trading. The asset is not only a blue chip but also has utility within its ecosystem, such as airdrop farming and NFT trading.
Raffle Coin Offers Outsized Growth Potential
Unlike more mature assets, Raffle Coin is just starting to prove its potential to grow into a blue chip. Raffle Coin started its series of presales with the lowest entry price, at only $0.02. The goal of Raffle Coin is to create the most user-friendly tool for decentralized lotteries.
Early buyers will get deeper discounts during the series of presale events. Raffle Coin will continue selling in several stages until it distributes 60% of its supply. The total supply is capped at 777,777,777 tokens issued on the Ethereum blockchain. The team reward will be only 5% and will remain locked for two years.
Raffle Coin has passed an audit for its smart contracts, ensuring a fair token mint and no chance of a rug pull. The goal is to build a fair, open platform for raffle-style games. Anyone with a Web3 wallet will be able to join the games or choose to complete tasks and milestones for extra rewards.
Check out the official website for the Raffle Coin presale here.
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