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Breaking News: Expert Alleges Bitcoin Under Siege Again, ETFs And BlackRock Suspected
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Breaking News: Expert Alleges Bitcoin Under Siege Again, ETFs And BlackRock Suspected

AAVE and Raboo Thrive Despite Ethereum’s Downward Spiral – Here’s Why They’re Defying Losses!

Bitcoinist
by Bitcoinist
Last Updated: September 10, 2024 3:05 am
·
Posted in Industry
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum bears might be winning overall, but not everything in the crypto world is down in the dumps. Aave and Raboo ($RABT) are two projects that are absolutely thriving despite Ethereum’s recent struggles. While ETH has been generally losing value, Aave’s bullish momentum and Raboo’s innovative AI-generated memes are keeping investors hooked.

Here’s what you should know if you’re looking for the next 100x crypto!

The Ethereum Price is down 8%. ETH keeps sliding lower and lower

Lately, Ethereum’s price has been sliding. In just one week, it dropped about 8%, and for the month, it’s down more than 10%. Ever since the Merge two years ago, ETH has had a hard time keeping up with Bitcoin, and it isn’t shining as brightly as ultrasound money anymore.

It’s now close to being undervalued. Crypto investors are leaning more towards Bitcoin, which shows in the numbers—ETH’s trading volume used to be 1.6 times higher than Bitcoin’s, but now it’s dropped to just 0.76 as of early September.

If that ETH/BTC ratio drops to 0.45, Ethereum will officially be undervalued against Bitcoin.

Aave tops the best crypto lists this month

Over 55% of Aave holders are in the green, meaning they’re making money, which makes them less likely to sell anytime soon. Plus, 80% of Aave’s total supply is held by big-time investors, so things are looking up.

Aave is also working on some new partnerships. Aave and Sky (which used to be Maker) are teaming up to bridge the gap between decentralized finance and traditional finance. This new collaboration, called the “Sky Aave Force,” was proposed in early September by Phoenix Labs. All this action means Aave is definitely one to watch, and it could be in for even more growth soon.

Raboo’s AI-generated memes are drawing in big money

Raboo is turning heads in the crypto world right now. It’s in its 5th presale stage, and the price of $RABT tokens have recently jumped 19%, now sitting at $0.0057. Not only that, Raboo has raised over $2.4 million, and investors are jumping in, hoping to make up for losses elsewhere. And honestly, with what Raboo offers, it’s no wonder people are getting excited.

What makes Raboo stand out? It’s not your typical crypto project—it’s all about mixing fun with financial gains. You can stake your $RABT tokens, earn some passive income, and even join in on fun challenges. But the real kicker is that Raboo promises AI-generated memes!

At the heart of Raboo’s magic is Rabooscan, its AI platform that’s set to create memes with viral potential. This smart AI scans the internet, collects meme-worthy content, and turns it into memes designed to go viral. The team has already built the foundation by organizing tons of data, and now it’s working on the AI models that’ll power the meme machine.

Raboo’s been picking up serious momentum, with some even saying it could hit a 100x return this year! With its killer mix of meme coin vibes, Web3 utility, and AI-driven content, Raboo’s proving to be something special.

Crypto’s always changing, but Raboo’s fun, AI-powered approach is definitely one to watch—it could be the next 100x crypto!

You can participate in the Raboo presale here.

Telegram: https://t.me/RabootokenPortal

Twitter: https://twitter.com/Raboo_Official

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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