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Hedge funds have seen a lot of potential in early-stage altcoins, evaluating their projects and their return forecasts.
Seeing investor interest in Raffle Coin’s unique value proposition, with opportunities for returns of up to 10X, the Cosmos and DAI communities set their sights on the platform.
The sweepstakes platform is attracting attention for its promise of passive income, exclusive benefits for high-profile investors, and commitment to security and privacy. With no KYC verification required, users can win various prizes, including cryptocurrencies.
Cosmos’ transaction volume increases by almost 45%
The price of the Cosmos token fell below $9, and the volume of transactions in the last 24 hours reached $239.52M after increasing by almost 45%. This shows the interest in the asset, which currently stands at $3.42B market capitalization.
The network has received investments to develop its infrastructure and applications. The Cosmos Interchain Foundation allocated $40 million in 2023 to support the growth of the ecosystem, funding projects such as the developer academy and integration programs with other blockchain technologies, such as Polkadot and Hyper Ledger. All of this reflects investor confidence in ATOM and, consequently, the token’s long-term value.
DAI sees 70% trading volume increase in 24 hours
Last year, MakerDAO, the organization behind DAI, took steps to strengthen the ballast of its stablecoin by increasing its reserves of US Treasury bonds by $700 million. This increased user confidence in the crypto. The almost 70% increase in transaction volume over the last 24 hours is proof of this confidence.
The network has also increased the DAI interest rate to attract and retain more capital within its ecosystem. With the implementation of the improved DAI savings rate, holders can now enjoy a return of up to 8% per year on their DAI deposits, which has boosted demand and use of the stablecoin.
Raffle’s potential returns of 10X seen as an opportunity in the crypto market
The fun, colorful, and intuitive design of the decentralized lottery platform Raffle Coin is just a small part of the goodies to come. The platform offers easy registration without complicated and bureaucratic identity checks, attracting sweepstakes fans. Monthly draws, profit sharing, and the VIP club with even more rewards are just the beginning for those who invest in this platform.
The network’s token is in pre-sale phase 1 for $0.02. The potential return on investment is expected to be up to 10X. The platform can be displayed in several languages, proving that the Raffle Coin proposal is of global interest. The project has also undergone an external audit to assess its viability. All this shows why more and more investors are getting involved in pre-sales.
To learn more about this project, visit the Raffle Coin presale website.
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