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After a bearish dip between May and early July, the crypto market is heating up with Ripple (XRP), Kaspa (KAS), and the breakout token Raboo (RABT) catching investors’ attention.
After a bearish dip between May and early July, crypto traders are now spoiled for investment choices. Ripple (XRP) is picking up pace as its holders are getting even more optimistic about the XRP price predictions. With the SEC coming to a resolution soon, users can expect a spike from the veteran project.
We also have proof of work token Kaspa (KAS) taking its fair share of trading attention in the crypto market. But the most special news yet will be coming from the Raboo (RABT) platform. The breakout token is rallying a surprise for this summer.
The veteran: XRP price spikes after fixing closed SEC meeting
The XRP token has been a shadow of itself regarding development and price movement this past year. A legal battle with the SEC was enough to keep the XRP price stagnant, but with resolution on the horizon, Ripple has started to show some more life.
This month has seen Ripple rise to highs we haven’t seen since the Bitcoin-inspired rally early in 2024. XRP hit a 50% pump after holders got word of an upcoming settlement with the SEC. However, both parties have yet to agree on the settlement fine, and a cancelled meeting led to a 10% dip.
But now that there’s talk of a rescheduled closed meeting, Ripple’s price is back up by 3%. The XRP price is volatile at the moment, and users would want to monitor the crypto news around the settlement before investing.
The pro: Proof-of-work Kaspa can still play
Launching in 2021 probably means users will expect Kaspa to be one of the regular proof of stake protocols about. Well, wrong. The token is based on a proof-of-work protocol that was becoming obsolete at the time.
Rather than slump into inactivity like most other PoW projects, KAS has adapted its blockchain for scalability and speed that mirror regular PoS networks. And the development is reflected in the Kaspa price surge this year.
From $0.10 at the start of the year, KAS tokens are now worth $0.175, some 75% spike amid a largely unstable crypto market. Kaspa hit its ATH ($0.191) in June, and the token is preparing to return there again.
Raboo, the new crypto breakout
New crypto tokens are a dime a dozen, but Raboo breaks all the rules for memecoins. Memecoins have been the object of jokes all over the market, often due to their dry jokes and lack of a clearly defined plan.
Unlike the rest of the meme projects, Raboo is raising meme-making standards in the crypto market. The generative AI Rabooscan will be at the heart of the meme-creation process. With the AI scouring through social media pages for memeable pictures and videos, human users will be on hand to ensure the memes are creative and relatable.
And, of course, user contribution to the memes produced will be rewarded from a token pool. Users can post their meme-worthy content through the post-to-earn feature on Raboo. When their content makes it to the memes, they get RABT coins in return.
Plus, users can start racking up those tokens even before they launch. They will only have to enter the RABT presale first.
Conclusion
The breakout token is still in presale, and users can secure their spot in the Raboo-verse. The tokens are worth $0.0048 at the moment, with some 233% ROI to gain by launch day.
There are already more than 3,000 token holders on Raboo, and over $2 million has already been raised from the presale so far. Users can join the Raboo train now; it won’t just be 233% on the table. Crypto enthusiasts can anticipate 100x gains when RABT tokens make it to the top-tier exchanges.
Interested users can participate in the Raboo presale here or check out Raboo’s Telegram and Twitter.
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