To say that Ethereum has drastically underperformed against Bitcoin is an understatement. Many Ethereum bulls were talking a big game about the ETH price reaching $10,000, but that could not materialize. However, recent Fed rate cuts appear to signal a potential surge in the works. Moreover, a potential pump for Ethereum should mean a pump for the rest of the ERC20 token ecosystem.
One of the ERC20 token projects poised for a major pump is the new meme coin sensation Raboo ($RABT), currently in its presale phase. Early investors are already sitting on a 90% profit—and the early traction has analysts believing that the ERC20 token could go on a parabolic run when Ethereum turns on the jets.
Bitcoin briefly breaks past $65K until settling back into $63K
Bitcoin made waves at the end of September after briefly breaking past the $65K mark. It was a welcome change after the crypto leader had traded mostly below $60K for the last couple of months. Bitcoin has since settled at $63.5K, but it still remains close to its all-time high of $73K.
Bitcoin’s position is unassailable at this point. So, prospective investors looking for big-time gains should consider investing in low-cap ERC20 token projects such as Raboo. That ship has firmly sailed for Bitcoin.
Can Ethereum finally outperform Bitcoin?
Ethereum has underperformed expectations that supporters had for the leading smart contract platform. Bulls were eyeing $10,000 for Ethereum this year. However, the best that the ETH price could do was a short run to $4K in March. It then fell all the way out to $2.1k on the 4th of September. However, Ethereum’s recent 10% spike at the end of last month—not to mention the recent Fed rate cuts—have analysts believing that Ethereum can finally outpace Bitcoin.
Raboo pops off 90% gain in September as presale heats up
One ERC20 token that might go on a parabolic rise has turned in a 90% gain: Raboo. The AI meme coin might show a 100x run after raising over $2.5 million in presale funding. Its ICO is now gearing up for the final quarter of 2024.
A 143% token price increase is still in the frame for prospective investors. Thus, Raboo can draw even more major capital inflows in the coming months. With or without Ethereum pumping, Raboo seems prepared for a big-time run.
Raboo is elevating the traditional meme coin format with a touch of AI functionality. Besides its meme coin appeal, Raboo leverages AI with innovative Rabooscan technology. Rabooscan scours through the internet and social media platforms informing its algorithms about the most popular content. That allows users to create memes that can go viral quickly.
Better still, Raboo holders can earn passive income in the form of meme making and meme sharing contests, earning them more $RABT tokens in the process. Add to that the meme coin staking features, NFTs and merch, and you have an ERC20 token that’s primed for a 100x pump in 2024.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
