Bitcoin (BTC) has the fastest turnaround in the crypto market since it fell to about $16,000 in late 2022 and early 2023. It is, therefore, surprising that in February 2024, the foremost crypto token is worth over $60,000 and is expected to reach its all-time high value of $69,000 by mid-year. Experts attribute the exponential growth to Bitcoin (BTC) halving, which is scheduled to occur in the coming weeks.
You will recall that the last halving event occurred in May 2020. However, there was no significant change until late 2020, when Bitcoin (BTC) saw a massive rally, seeing its value climb from around $11,000 in October 2020 to around $60,000 in March 2021.
The significance of this Bitcoin (BTC) bull run is that investors are more confident in the market and they are investing more across other assets, such as Raffle Coin (RAFF).
Raffle Coin Presale Rockets, Signaling A Long Bull Run Throughout The Year
Raffle Coin (RAFF) is presenting itself as a favorite asset and a must-have in every investment portfolio. Its numerous features, starting from the user-friendly interface that allows for participation through staking rewards, task-based compensation, and discounted presale tokens at $0.016, have attracted a lot of investors.
It is evident that after this presale phase, Raffle Coin (RAFF) will consolidate on this huge number of investors and go on a long bull run that could extend to the end of 2024 and beyond. It is, therefore, the fear of missing out on this profitable investment that has made Solana (SOL) and Bitcoin (BTC) holders diversify into acquiring Raffle Coin (RAFF).
Solana (SOL) Holders Passively Influencing The Market MovementÂ
Solana (SOL) is the utility and native cryptocurrency of the Solana blockchain that has gone on to outperform the most popular altcoins in the crypto market. Analysts say its unprecedented record made the US Securities and Exchange Commission (SEC) label Solana (SOL) as a security.
Similarly, past events have shown that the biggest Solana (SOL) holders and investors can influence the crypto market and decide the market movement. Analysts say by understanding the Solana (SOL) protocol, they can anticipate market movements. For instance, if the Solana (SOL) holders are rushing to buy a token, you can predict that such a token has a high return on investment. Little wonder, since Solana (SOL) investors have been participating in the Raffle Coin (RAFF) presale, there has been an influx of other investors like Bitcoin (BTC) holders to Raffle Coin (RAFF).
Raffle Coin (RAFF) Records Huge Influx From Investors Ahead Of A Year-long Bull Run
Since the pre-sale phase began, Raffle Coin (RAFF) has recorded one of the highest influx of investors in the market. The trend shows that most of these investors seek to diversify their portfolio to a protocol with a bright future. As most investors know, investing in solid projects early is where significant gains are made. Therefore, Big investors of Solana (SOL), Bitcoin (BTC), and Ethereum (ETH) are aware of these significant gains by investing in Raffle Coin (RAFF). Similarly, these investments are in anticipation of the year-long bull run that the Raffle Coin (RAFF) will record and the crypto market in general.
Find out more about the Raffle Coin (RAFF) presale by visiting the website here.
