Raffle Coin Provides a Silver Lining for Binance Coin and Polkadot Traders as Crypto Market Faces Downturn

cryptonews.com:

A drastic decline in the crypto market heralded the spring season. For the past weeks, Binance Coin and Polkadot have seen more red days than green and are struggling to make a comeback.  These coins suffered significant price swings, causing holders to look for better returns. With Raffle Coin in the first phase of its presale, investors believe it can make 50X gains. 

Binance coin is one cryptocurrency that has maintained stability despite the market’s volatility. It recently surpassed the all-time high of $500 and is rallying towards $600. As of today, the coin is trading at $595.89, reflecting an increase of 5.4% over the last seven days.

With a market capitalization of $91B and a 24-hour trading volume of $1.3B, it has continued to attract the attention of top investors.

Analysts suggest the bulls will target an increase above $610, propelling the value to float toward $650. Many Binance Coin traders are optimistic that it’ll continue to grow thanks to the “burning” method the Binance exchange adopted. 

However, some investors are taking the cautious path and searching for more profitable alternatives.

Despite Polkadot’s collaboration with Web3 startups and multiple decentralized apps, the coin has not witnessed a significant price jump. During Q1, the coin reached above $12.11, making gains of about 30%. This attracted many investors, making it one of the best assets.

However, Polkadot has been sliding to a one-month low with the recent market downturn. As of the start of April, the coin was valued at $8.45. Currently, it’s trading at $7.42.

Market leaders predict it’ll hover at $7 before showing bullish patterns. Polkadot’s optimistic sentiment is attributed to its unique technological innovation that