The crypto market has taken a huge turn since the Bitcoin halving. Meme coins like PEPE and Shaibu Inu have also experienced a great increase in the number of investors. Analysts predict that there is going to be a greater increase in the price of many cryptocurrencies. But, the fluctuating market trend since the year began puts this prediction at risk.
Bitcoin reached an all time high of $73,750 in March, but fell off shortly after. It struggled to withstand resistance at the $66,000 zone for some weeks after reaching its peak. Recent price lists show that Bitcoin has now attained stability above support level.
Smart Bitcoin and PEPE investors are still diversifying their holdings with promising new projects, such as Raboo. The coin is in its fourth presale phase, and has reached over $1.6 million in sales. Investors who are looking for the best new coin to buy can jump on the Raboo presale train now.
Bitcoin Passes the $66,000 Mark and Receives Backing from Key Figures
In a recent interview, Fed member Williams, stated that the cryptocurrency space could experience a 2-2.5% growth rate this year. He also predicted that inflation in the blockchain world could decrease by 2.5% this year. Elon musk also said that there is a high chance of cryptocurrencies shifting power from governments to the public, indicating a positive market trend for Bitcoin.
Bitcoin is now trading at $68,985 per token, and its price value has increased by 1.20% in the last 24 hours. Experts believe that the present Bitcoin dominance at this price is due the economic insights from Fed member Williams and Elon musk. Investors are now closely watching the progress to determine their investment plans.
Pepe’s Price Value Reduces, as Developers Sell Tokens
Six days ago, Pepe’s developers sold a significant amount of the meme token. Experts believe this contributed to the decrease in price value of the PEPE coin by around 4%. Some investors see the decline as a temporary set back, but the timing is suspicious. There are speculations that the sales by developers were to take advantage of high prices and provide liquidity for funding.
At the time of writing this article, Pepe’s price has reduced in value by 11% on a 30 day chart and is trading at $0.00001486 per token. Investors should monitor the coin’s progression and expect a potential price increase. They can also diversify their holdings to promising new projects, like Raboo tokens.
Raboo Continues to attract Investors Amidst Bitcoin Reaching Support Level
Analysts predict the generative AI market to generate $1.3 trillion in the next 10 years from a market size of only $40 billion in 2022. With Raboo leading the line, this prediction is attainable. The new project is an AI-themed meme coin that promotes the development of a united community of meme lovers. It combines artificial intelligence and social-fi features to ensure token holders participate in fun-filled meme creating activities.
Analysts predict Raboo’s price to grow by 233% during the presale, and 100x on launch day. Its progression since the first presale shows this is also attainable. The price value has also increased from $0.003 to $0.0048 per presale token.
Raboo is still in its fourth presale stage, and it’s looking like it’s heading towards becoming a top 20 cryptocurrency by market cap. The project also aims at challenging popular meme coins like Pepe, Dogecoin, and Shiba Inu for the number one spot.
Investors can purchase Raboo Presale token now to win amazing prizes and earn the opportunity to monetize their social media content through the post-to-earn feature.
Conclusion
Bitcoin stays above support level, indicating a further increase in price value. But investors are still looking for the best promising coins to invest in. Raboo is tipped to be one of the most profitable meme coins in 2024.
You can participate in the Raboo presale here.
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