The sluggish price of Bitcoin is giving smart investors the opportunity to stock up on altcoins such as Monero and Raboo ($RABT) in anticipation of a future surge. Both have been gaining a lot of attention recently, with Raboo expected to surge 100x later this year. Read on to find out why.
Bitcoin falls into September blues
After hitting an all-time high in March, Bitcoin has experienced uncertainty over the past few months, surpassing $73,000 earlier this year but since then it has mostly hovered between the $70,000 to $55,000 range.
BTC plummeted in early August, dropping below $50,000, before quickly recovering to around $65,000 later that month. However, Bitcoin was hovering around $57,000 at the start of September, a month that has historically seen weak performance across many asset classes, including cryptocurrencies.
While some see this as a sign that Bitcoin prices are headed for further declines, investors with a longer-term perspective are viewing these dips as a strategic buying opportunity and predicting a strong recovery for BTC later this year. Investors are particularly interested in two cryptocurrencies: privacy-focused Monero and the buzzy new meme coin, Raboo.
Monero surges in Google search results
Monero is back in the spotlight amid growing privacy concerns in the crypto world. The privacy-focused coin has been in the spotlight following the arrest of Telegram CEO Pavel Durov, which is reflected in a surge in Google searches for “Monero,” which are now at their highest since 2021.
While other factors have been suggested to be driving the increased attention on Monero, from recent upgrades to the possibility of an online quiz featuring Monero, this attention has undoubtedly helped propel XMR higher. After hitting a low of $145 in early August and a high of $180 roughly three weeks later, XMR is testing those highs again in early September. While many expect a breakout to be imminent, the upside is seen as minimal compared to Raboo.
Raboo's presale could be a 100x opportunity
While some are piling into Monero, insiders have their eyes on a popular new meme coin: Raboo. Sitting squarely in the middle of the AI and meme coin space, this Ethereum-based project has raised more than $2.2 million this year from thousands of investors hoping to ride the potential for 100x gains.
Raboo is a pioneer in the SocialFi ecosystem with its proprietary Rabooscan tool, which collects the latest memes from social media, allowing users to create their own memes and enter Raboo's regular contests. Investors can win big prizes by producing the funniest memes from Raboo's large community.
Other aspects such as a Post-to-Earn scheme offering a means to monetize social media content, no trading taxes, and smart contracts fully audited by SOLIDProof are also making investors fall in love with Raboo. Currently, the $RABT token is in the fourth stage of its presale, priced at $0.0048, and has already risen 60% and is expected to rise another 173% by the final stage.
With the price of Bitcoin expected to skyrocket in the coming months, Raboo could become the hot new meme coin on the market. Tokens will sell out fast, so don't miss out.
You can join the Raboo pre-sale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
Disclaimer: This is a sponsored article. The views and opinions expressed in this article do not necessarily reflect those of CoinCodex. The content of this article should not be considered as investment advice. Always conduct your own research before deciding to buy, sell or transfer crypto assets.
