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While Ethereum and DOGS struggle, Raboo’s AI-backed MemeFi platform is set to soar with a forecasted 100x ROI.
The year 2024 saw the big tokens – Bitcoin and Ethereum – gain approval for associated ETFs, giving the crypto market a temporary jolt before a market-wide downturn hit. The crumbling ETH price left holders reeling with a disheartening 36% 3-month loss, with the newly launched DOGS memecoin tumbling 35% in 30 days.
However, during the same timeframe, the new AI meme coin RABT shot up 90%. The AI-backed meme platform has won the hearts of meme enthusiasts and investors with a unique MemeFi approach. Its SocialFi model enables users to monetize meme content to earn token rewards.
Analysts forecast that RABT could return 10,000% upon launch, leaving ETH price and DOGS in the dust.
ETH price bleeds red for 3 consecutive months
Ethereum leads the altcoin market share with a $43.5b TVL. That’s more than half of the $75.5 TVL of all chains.
Despite its dominance and popularity, the ETH price has posted uninspiring price action for months. Ethereum lost its market footing in June, bleeding red across three months.
After dropping below $2.4k in August, ETH has faced roadblocks three times in the $2.7k-$2.8k zone, sending it down to the $2.2k region by September 9.
Per Binance data, ETH has tumbled over 11% in the past month, pushing its 90-day losses past 36%. The prolonged red streak has left Ethereum investors sitting on a meager 46% annual ROI.
Frustrated bagholders are closing out their ETH positions to bet on the new SocialFi memecoin, Raboo, for a better return.
DOGS follows ETH price footsteps with a small ROI
DOGS is the latest memecoin setting The Open Network (TON) ecosystem on fire with dynamic, community-driven player initiatives. With deep roots in the Telegram community, everyone thought DOGS would go to the moon on launch, but it didn’t.
DOGS launched at $0.00054. After an approximate 100% rally, it faced a crippling selloff at $0.0016. That’s around a 3.3x return, small potatoes for the hyped dog memecoin.
The selloff pushed DOGS down 37% from its ATH. It crumbled to consolidate losses to a price of $0.0010 by September 9 as investors shifted attention to presale meme coins like RABT for a better chance of a 100x ROI.
Raboo is set for a 233% ROI presale
The Raboo (RABT) presale is drawing significant attention from meme enthusiasts and crypto whales. In stage 5, the ICO has amassed over $2.4 million, sending its price 90% up from the introductory price of $0.003 to hit its current price of $0.0057. That’s nearly a 2x return for first buyers.
Analysts project a 233% increase in its presale alone and a 100x on launch, meaning the Raboo party and profits are far from over.
Raboo features a MemeFi model that will enable meme enthusiasts to monetize their meme content. Users can engage in exciting meme generating activities to earn rewards through the platform’s Post-to-Earn feature.
Regular challenges, giveaways, and NFT launches are also on the cards, providing token holders more opportunities to earn extra rewards and prizes.
Conclusion
ETH price continues to dash investor hopes, while the DOGS has refused to go to the moon. Raboo is positioning itself within the meme market in such a way that analysts believe it will return a staggering ROI past 100x on launch.
Interested users can participate in the Raboo presale here, and visit its Telegram and Twitter.
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