Raffle Coin (RAFF) Rockets in Opening Days, Putting Pressure on Dogecoin (DOGE) and Shiba Inu (SHIB) Amidst Market Surges 

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The fear of missing out on mouth-watering offers has led to significant rockets, thereby putting pressure on Dogecoin (DOGE), Shiba Inu (SHIB) and some other digital assets in the market.

Raffle Coin (RAFF) is one of the coins that have mouth-watering offers for early investors like a share of the platform’s fees as long as they hold the token in their investment portfolio. Experts say this is a primary reason why Raffle Coin (RAFF) has attracted numerous investors in its opening days. 

Dogecoin (DOGE) Rallies Massively, Trailing Behind Raffle Coin (RAFF) Amidst Market Surge

Dogecoin (DOGE) is one of those meme coins that has attracted the attention of crypto enthusiasts and left them perplexed. Many analysts attributed the massive rally in Dogecoin (DOGE) price value to the general mood of the market. However, there are several factors leading to the staggering rise in the price value of Dogecoin (DOGE).

The foremost reason is the technological development of the Dogecoin (DOGE) blockchain technology. Recently, the Dogecoin (DOGE) Foundation released ‘libdogecoin 0.1.3’ marking a significant milestone. This advanced version improves the features and provides platform support on the Dogecoin (DOGE) protocol. Other features that have led to a surge in Dogecoin (DOGE) protocol include the new Android compatibility, which could see broader adoption and use cases for Dogecoin (DOGE) in software development.

Another reason for the massive rally on Dogecoin (DOGE) is the pressure from the Raffle Coin(RAFF). However, this pressure is not limited to Dogecoin (DOGE), it cuts across most major assets in the crypto market and analysts consider it a familiar pattern whereby old coins take advantage of the surge in new entrant coins to rally massively. They say this scenario is currently playing out between Raffle Coin (RAFF) and the likes of Dogecoin (DOGE) and Shiba Inu (SHIB). 

Like Dogecoin (DOGE), Shiba Inu (SHIB) Rallies Massively, Leveraging on Raffle Coin (RAFF) Pressure

In the last 48 hours, two meme coins have recorded massive rallies in the crypto market. One has recorded a 52% surge, while the other has skyrocketed by 18%. They are Shiba Inu (SHIB) and Dogecoin (DOGE).

Analysts say the major factor for the Shiba Inu (SHIB) price surge is the increase in burn rate that it recorded on March 1st. They say the reduction in Shiba Inu (SHIB) supply due to the latest burn has limited the coin’s supply and caused a massive rally from investors. 

Another major factor for the rising price rally of Shiba Inu (SHIB) is the increasing pressure on Raffle Coin (RAFF).  

Raffle Coin (RAFF), The New Entrant Pressuring The Old Assets

The pressure caused by Raffle Coin (RAFF) across the entire crypto market, especially on meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), is perplexing. Analysts say this massive rally, alongside a general crypto market surge, comes at a time when investors are willing to increase their investment portfolios. 

It is, therefore, not a surprise that these investors are diversifying to Raffle Coin (RAFF) while consolidating their profits across other assets like Dogecoin (DOGE) and Shiba Inu (SHIB). This presents a win-win situation because as they are investing more in Raffle Coin (RAFF), the pressure spreads to other assets, leading to an increase in price value across the market.

Find out more about the Raffle Coin (RAFF) presale by visiting the website here.

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