Analysts Expect 20X Returns: The global investment clout of Bitcoin and Ethereum traders makes Raffle Coin (RAFF) a big pick for March.
In the ever-evolving cryptocurrency market, analysts are eyeing potential growth opportunities that promise significant returns. Meanwhile, in March, emerging platforms such as Rafflecoin (RAFF) are attracting the attention of global investors seeking diversification and high return prospects. Traders are carefully exploring the dynamics of Bitcoin (BTC), Ethereum (ETH), and Raffle Coin (RAFF) as analysts predict the potential for 20X returns.
Bitcoin (BTC)’s recent price action was characterized by a small decline on March 15 followed by a significant decline, sparking discussion among traders about a possible rebound. On the other hand, Ethereum (ETH) price dynamics have been influenced by major players such as FTX and Alameda Research. Amid this trend, Raffle Coin (RAFF) is emerging as an attractive choice for investors seeking various growth opportunities in March.
Bitcoin (BTC) recent price changes
The weekly price of Bitcoin (BTC) fell slightly between $67,440 and $67,080, down 0.70%. However, on March 15, Bitcoin (BTC) fell a significant 8% from an all-time high of $73,805 to a weekly low of $66,786. Whale investors holding large amounts of Bitcoin (BTC) could potentially trigger an early rebound in the price of Bitcoin (BTC), according to market data.
The price drop on March 15 appears to have been influenced by the overheating bull market. Over the past 60 days, Bitcoin (BTC) has seen an impressive rally of 75%, hitting an all-time high on March 15th. However, rising funding rates in the Bitcoin (BTC) futures market have exposed bull traders to margin calls and massive fundraising. The liquidation will cause the price to plummet by 8%. Bitcoin (BTC) whales have been active in accumulating more Bitcoin (BTC) during March 2024.
Ethereum (ETH) Price Dynamics and Key Players
The weekly price of Ethereum (ETH) fell 7.93%, between $3,951 and $3,648. According to the data, these companies have been actively transferring significant amounts of Ethereum (ETH) to Coinbase, totaling 6,500 ETH, worth $24.57 million. FTX and Alameda Research have been particularly active in the market recently, executing several trades involving significant amounts of Ethereum (ETH).
Technical analysis shows that the current price trend of Ethereum (ETH) has formed a significant bearish trendline with resistance around $3,850. Key resistance levels are identified near $3,850, with the trend line closely aligned with the 50% Fibonacci retracement level from the recent swing high to low. The direction of Ethereum (ETH) price movement will depend on a breakout of these resistance levels.
Raffle Coin (RAFF) Considered a Big Pick for March
Raffle Coin (RAFF) offers users exciting opportunities to participate in various sweepstakes and win prizes ranging from luxury travel to fine dining. Signing up for an account is simple, and Raffle Coin (RAFF) users can instantly fund their accounts using a variety of cryptocurrencies. The pre-sale of Raffle Coin (RAFF) is currently in phase 1 and priced at $0.016. Raffle Coin (RAFF) users can browse a diverse list of raffles.
You can also participate in instant, daily, weekly and monthly draws with the click of a button. The platform charges significantly lower fees compared to traditional sweepstakes platforms and users regularly have the opportunity to win prizes in a variety of categories. Raffle Coin (RAFF) prioritizes security, transparency, and decentralized governance. Additionally, 10% of the fee is donated to the monthly raffle to add to the fun for participants.
For more information about the Raffle Coin (RAFF) pre-sale, please visit our website. here