The crypto market has plummeted recently due to several economic factors. It was observed in Ethereum’s drop below $3k, including Litecoin and Solana’s dip. Although these currencies have begun retracement, Litecoin and Solana holders look to Raffle Coin’s anticipated 25X profit.
What Does Litecoin’s Future Hold Amidst Ethereum’s $3k Drop
Ethereum is still recovering from the market’s selling pressure, and a significant price change in Ethereum will affect other altcoins. That’s because investors in altcoins will lose or gain confidence in the market as a whole. Now, Ethereum has tumbled below $3k, and at the same time, Litecoin, as an Altcoin, lost its footing at $100. It caused a 29.04% drop from April 9 to April 13, with Litecoin hitting its lowest price of $71.31 in the last two months following its price hike.
However, Litecoin’s future still looks promising, with its current price at $85.21. There are also profitable developments, such as Litecoin’s integration into the MoneyGram app. This app allows U.S. residents to buy, sell, and hold the coin directly through the MoneyGram platform. Also, BitPay reported that in the first quarter of 2024, Litecoin surpassed Bitcoin and Ethereum as the most used crypto for payments in the United States.
Solana Developers Release New Version to Tackle Network Congestion
Solana’s price has seen a relatively steady uptrend. That was the case until the crypto market tumbled due to a sellout fueled by fear of the Israel-Iran war. This sellout pressure also caused Ethereum to drop below $3k.
However, Solana has had another problem with congestion in its blockchain. This congestion was caused by increased network activity, particularly due to the surge in liquid staking meme coins running on Solana’s decentralized exchanges. That led to transaction processing delays and transaction drops.
However, Solana developers updated their mainnet and released a new version, v1.17.31, on April 12. This version will resolve issues with the open interest jump and the congestion problem. The Solana community also expects a new version, v1.18., to aid the current network conjunction.
Raffle Coin Presale Highlights to the Cryptocurrency Market, a Potential Yield of 25x Profit.
The Raffle Coin presale is currently at stage one, selling at a price of $0.020. Raffle Coin offers a decentralized lottery experience without needing KYC verification. Users simply fill out a form, fund their accounts, and browse available raffles. These raffles offer instant daily and weekly prizes, with the chance to win even bigger in a monthly mega jackpot. Raffle Coin allows for instant withdrawals and provides a way to swap unwanted prizes or goods for cryptocurrency.
Raffle Coin has a user-friendly interface and rewards its users. The utilities offered include but are not limited to, its decentralized governing system, discounted tokens for early investors, and revenue sharing.
To learn more about the Raffle Coin presale, click here.
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