Shiba Inu and Dogecoin showed resilience after last week’s market slide. Dogecoin regained more stability, but Shiba Inu managed to add 20% to its price. Buyers of older meme coins are well aware of the opportunities for significant appreciation and 10X price moves. That is why they are flocking to the Raffle Coin presale, which will offer a mix of price growth and long-term value.
Shiba Inu expands by 20% on news of TREAT token launch
Shiba Inu has two major points of appeal. One is its extremely low price, which still offers rapid rallies. On April 23, Shiba Inu marked a net gain of almost 20% week-on-week. Shiba Inu traded at $0.00002678, continuing to inch up in the past day.
The asset has every chance of another rally, as it is on the verge of breaking among the top 10 tokens once again. Shiba Inu is known for its short-term rallies, which traders with some experience are already anticipating.
Shiba Inu may also bring new buyers and holders interested in the upcoming TREAT token. Holding Shiba Inu may bring additional rewards after the launch of TREAT. Shiba Inu aims to be more than a token; instead, it is building an entire ecosystem of rewards and decentralized finance.
Dogecoin still awaits bull cycle peak
After a brief recovery, Dogecoin traded at $0.16, solidly among the top 10 coins and tokens with the highest market capitalization. Dogecoin remains a fixture in the crypto space, but its price moves are more subdued this time around.
Dogecoin is now running with a market cap of $23B, still far from its peak valuation above $90B. The comparison with the previous bull cycle makes Dogecoin look viable for a bigger breakout.
One factor behind Dogecoin’s growth is the highly active meme token season. Newly minted assets are interesting for their rapid growth, but Dogecoin may offer a long-awaited return. The short-term step for Dogecoin would be to recover the $0.20 level before aiming for new yearly highs.
Raffle Coin brings growth and governance
Raffle Coin is an upcoming Web3 project that will bring together game creators and players. The goal is to build a hub of highly engaging raffle-style games. Raffle Coin will offer a rich array of products, including a token swap facility. To join the platform, buyers are now lining up for the first of a series of token presales.
Raffle Coin’s presale offers its first batch of tokens at a low price point of $0.02, potentially setting the stage for significant future growth. Owning the token will grant access to early versions of the platform. Additionally, all token holders will have voting rights and participate in the platform’s governance.
Raffle Coin will only ever issue 777,777,777 tokens, of which 60% will be set aside to reach a wide pool of potential users in several presale tiers. Owning Raffle Coin will also grant access to a share of the platform’s revenues.
Check out the official website for the Raffle Coin presale here.
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Source: https://www.cryptonewsz.com/momentum-builds-among-shib-and-doge-communities-for-raffle-coins-presale/