As the cryptocurrency bull run continues to captivate investors worldwide, one project that has been making significant waves is Raffle Coin (RAFF). Against the backdrop of Bitcoin (BTC) reaching all-time highs and Ethereum (ETH) firmly holding above the $4,000 mark, the emergence of Raffle Coin (RAFF) has attracted the attention of a prominent crypto magnate, signaling a turning point in the crypto market.
With the bullish momentum in the cryptocurrency market showing no signs of slowing down, a notable development has emerged as a prominent crypto magnate plunges into the Raffle Coin (RAFF) presale. Moreover, crypto holders are excited about the potential profits they would make during the course of this ongoing bull run.
Bitcoin (BTC) has seen a weekly price range of $63,380 to $70,980, marking an increase of 12.01%. Meanwhile, based on recent Bitcoin (BTC) news, GBTC shareholders will receive an equivalent number of Bitcoin (BTC) shares in the new Mini Trust as part of a spin-off process. Grayscale assures stakeholders that this reallocation will not result in any tax liabilities for either GBTC or its shareholders.
Moreover, the new fund involving Bitcoin (BTC), to be traded under the ticker “BTC,” is positioned as a strategic “spin-off” from GBTC, with a portion of GBTC’s Bitcoin (BTC) holdings set to be transferred to the Mini Trust. Seyffart suggests that the spin-off will likely be a non-taxable event for a portion of GBTC shares, enabling them to transition into a more competitively priced investment vehicle.
With a weekly price ranging between $3,458 and $3,947, Ethereum (ETH) saw a notable increase of 14.14%, outperforming many other digital currencies in terms of growth. Meanwhile, analysts have suggested a mere 35% chance of approval for the spot Ethereum (ETH) ETF, which, if priced in early, could well trigger a sell-off. Additionally, Ethereum (ETH) is preparing for a network upgrade known as ‘Dench’ on March 13.
This Ethereum (ETH) upgrade aims to reduce transaction fees—a persistent concern for users since November 2023, where fees consistently exceed $4. With regulatory decisions and technical upgrades on the horizon, Ethereum’s (ETH) future trajectory remains subject to various external factors and market dynamics.
Raffle Coin (RAFF) offers users a decentralized platform to participate in raffles and win prizes ranging from cryptocurrencies to cars and holidays etc… Signing up for an account is simple, and users can instantly fund their accounts using various cryptocurrencies. They can then browse through raffle listings and enter those that interest them, including instant, daily, weekly, and monthly raffles, each offering different prizes.
Token holders of Raffle Coin (RAFF) have the opportunity to participate in key decision-making processes and propose changes or additions to the Raffle Coin (RAFF) platform. Furthermore, 40% of the fees generated on the platform are distributed proportionally to presale investors, and an additional 10% is allocated to a monthly mega lottery. Raffle Coin (RAFF) is currently in Stage One of its presale, with the price set at $0.016 per Raffle Coin (RAFF) token.
Find out more about the Raffle Coin (RAFF) presale by visiting the website here
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