Crypto investors have been ignited by Dogecoin news that’s seen the original meme coin rebound, cementing its place at the top of the tree of one of cryptocurrency’s most vibrant markets. Meanwhile, another meme coin is coming to the fore, with Raboo’s outstanding crypto presale already raising over $1.6 million while soaring by 60% in its open weeks.
With the crypto market in excellent health, industry experts are looking into the potential impact of this burgeoning crypto sector on the ETH price. Let’s find out.
What you'll learn 👉
Dogecoin news remains positive as price volatility remains
In recent years, Dogecoin has been synonymous with Elon Musk, with the Twitter supremo providing much support with his tweets. A viral tweet in 2021 made Dogecoin news headlines, prompting a run on the meme coin and propelling it into the top 10 cryptos by market cap, where it has primarily remained ever since.
Its performance in 2024 so far has been excellent news for long-term Dogecoin coin holders, with over 116% gains in the past 12 months. Dogecoin has fallen away after pumping to over $0.22 for the first time since December 2021. Yet, performance over the past four months has kept Dogecoin trading above $0.1, leading to experts predicting a possible new ATH just over the horizon later this year.
Raboo presale thrives on the back of positive Dogecoin news
One meme coin not beset by any doubt so far is Raboo, which is already proving to be one of the top cryptos to buy this year. With early investors flocking to the coin in their thousands, demonstrated by over 8,000 members and 2,400 coin holders, momentum is building, contributing to Raboo’s swift 60% price surge.
AI and community have proven key factors in Raboo’s early growth. With a growing, engaged community of meme enthusiasts attracted by the platform’s unique proprietary Rabooscan tool, which supports meme creation and community engagement through Raboo’s unique SocialFi mechanics, Raboo’s popularity is growing at a breakneck speed.
With a range of opportunities for users to earn passive income and rewards, such as Raboo’s unique Post-to-Earn initiative that rewards users with native $RABT tokens for sharing creations on social media, Raboo’s appeal is immediately apparent.
However, that’s not all. Raboo also offers staking options and token-burning to provide long-term price value and incentives to token holders. At the same time, an imminent NFT collection launch only adds to Raboo’s allure for meme enthusiasts.
Now in Stage 4 of its crypto presale, with tokens priced at just $0.0048 – 60% up from its Stage 1 release price of $0.003, earlier stage investors can look forward to a predicted 233% surge in price during the presale. However, the primary value comes once Raboo hits exchanges, with predictions of 100x on launch day, giving way to genuine top-20 cryptocurrency potential by market cap.
ETH price prediction: Growth expected in second half of the year
After Bitcoin, the ETH price is the best indicator of the health of the crypto market. Ethereum remains the blockchain development space of choice thanks to its excellent smart contract functionality and widespread adoption across different Web3 sectors.
With DBS recently announcing its holding of $650 million of ETH, the bank has profited from recent movements, which have seen the ETH price boost by almost 20% in the past 30 days. While experts believe the best is yet to come from the crypto market this year, analysts expect the ETH price to soar beyond $4k again before the year is out.
Conclusion
While the positive recent Dogecoin news continues to provide that crypto sector plenty of impetus, and with bullish ETH price predictions for the second half of the year, Raboo is entering the market at the perfect time. Offering meme enthusiasts a brand-new meme coin experience bustling with community, utility, and governance, Raboo is the best crypto investment opportunity of 2024.
You can participate in the Raboo presale here.
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