Some blockchains manage to become indispensable infrastructure for ongoing growth. Chainlink is still in the green in 2024 and remains a key provider of data for smart contracts. Cosmos is carrying some of the most successful side chains, turning into "an Internet of chains." Demand for similar growth potential brought Raffle Coin, which launched the first stage of its token presale.
Chainlink is considered a good candidate for another breakout. As a hub for reliable data to be used in the most sensitive, high-value smart contracts, Chainlink is indispensable. The asset trades at $17.25, close to the higher range for the past 12 months. However, the first week of April caused a sell-off, and Chainlink slid from its recent peak close to $22.
The current price movement of Chainlink suggests the next six months may offer significant upside. Analysts see a 95% probability of having a higher price in six months. However, Chainlink remains volatile and may revisit lower levels before rebounding. Chainlink trading volumes are also key, where levels above $500M in 24 hours are usually linked to better price performance.
Chainlink offers expanded services to adapt to the active world of new decentralized apps. The goal is to offer an easy approach to smart contracts, tokenization, and to continue sending reliable oracle data.
Cosmos slid to $10.60, to extend the losses. The past 12 months were volatile for Cosmos, and the trend of ups and downs continues. Cosmos slid from a recent peak of around $14.
When it comes to long-term opportunities, Cosmos investors must be ready to wait out or absorb the volatility. Buyers can choose to host their coins on a self-custody wallet, to receive passive gains from staking. However, staking rewards may be diminished by market price volatility.
Cosmos market prices suffer from the project's success. The platform also sees constant deployment of new tokens and side projects, but those new projects also get the best of liquidity. At this point, Cosmos is important as a utility asset, but is yet to go through its own major rally. Cosmos investors may be ready to lock in the recent gains and look for alternative opportunities.
Raffle Coin kicked off the first stage of its presale, offering a unique discount. The token price at this stage is only $0.02, promising to turn into the best entry point for investors in April.
The Raffle Coin supply is capped at only 777,777,777 tokens to unlock the potential of becoming a scarce blue-chip asset. To reach that goal, Raffle Coin will lock the team's supply for two years to ensure dedication and limit the marketable tokens.
Every buyer will also have the incentive of holding their tokens to participate in the fee share program. Raffle Coin will bring a unique hub for raffle-style games, which will distribute both crypto jackpots and real-world items, including cars. Raffles can run from hourly to weekly and will be accessible to anyone with a Web3 wallet.
Check out the official website of Raffle Coin to find out more.
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