Raboo Rises 60% as Bitcoin Drops Below $70K: The Next Big Altcoin After Ethereum?
- Raboo presale revs up before unleashing 100x growth potential
- Bitcoin price stagnates after Q1 ATH
- Can Ethereum ETF approval boost this leading altcoin?
- Conclusion
In the race to become the next big altcoin, Raboo has already shot up by 60% during the opening weeks of its fast-selling crypto presale. Meanwhile, the Bitcoin price continues to flounder below $70k, showing no signs of boosting back above its recent ATH of $73k. As Ethereum closely tracks Bitcoin’s price performance, experts wonder whether Raboo can fulfill its promise and become the next big altcoin sensation.
Raboo presale revs up before unleashing 100x growth potential
Raboo is a brand-new meme coin sensation standing at the apex of the AI and SocialFi sectors. Unlike the endless supply of fluffy, low-value dog-themed memes flooding the market, Raboo carries serious utility and value on its journey to dethrone Dogecoin and Shiba Inu at the top of the meme coin charts.
At the heart of Raboo’s value proposition is its AI-powered Rabooscan tool. Users can use this proprietary tool to generate creative new memes before unleashing them across social media platforms to help build a thriving community. This unlocks one of the platform’s unique revenue-generation initiatives via Raboo’s Post-to-Earn SocialFi program, with users earning rewards while posting their creations.
Other means of generating rewards are available through regular giveaways, competitions, and prize draws. Meanwhile, the platform’s community will continue to grow by unlocking a new, exclusive online NFT marketplace and earning passive income through token staking.
The Raboo presale recently launched at just $0.003 and is already in its fourth stage, available at $0.0048, a rise of over 60% for early-stage investors. With 233% returns available throughout the ICO, analysts are unanimously tipping this game-changing social pioneer to 100x once it hits public exchanges toward becoming the next big altcoin this year.
Bitcoin price stagnates after Q1 ATH
The Bitcoin price has been on a roller-coaster journey so far in 2024. After the initial excitement over the Bitcoin halving event, the approval of Bitcoin ETFs sent the Bitcoin price upward spiraling beyond the $73k mark for the first time and achieving a new ATH. However, that success was short-lived, as the price plummeted back below $60k and has struggled to bounce back even after the Bitcoin halving.
While this struggle has been symptomatic of the broader crypto market performance this year, as you’d expect with Bitcoin being the godfather of crypto, experts remain bullish that the best is to come this year, with new ATHs possible in the second half of 2024.
Can Ethereum ETF approval boost this leading altcoin?
Hot on the heels of Bitcoin’s successful ETF approval, Ethereum ETFs recently gained approval following immense scrutiny from regulatory bodies. Although, unlike Bitcoin, Ethereum has failed to usurp its previous ATH set at the height of the last bull market in 2021, it has surged by over 100% in the past 12 months to its current level of $3,702.38 at press time.
This impressive performance makes Ethereum the target for other contenders seeking to become the next big altcoin within the crypto market. While Ethereum comes under ever-increasing pressure from new blockchain solutions, experts predict Ethereum will ride out the storm with resilience and retain its space as the most prominent crypto outside Bitcoin.
Conclusion
While the Bitcoin price has stagnated in recent weeks since hitting a new ATH, Ethereum continues to flirt with breaking back beyond $4k and racing towards a new ATH on its own. However, Raboo is making significant progress across the crypto market through its fast-selling crypto presale. With genuine 100x potential this year, Raboo is the best candidate to become the next big altcoin to hit the market in 2024.
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