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Breaking News: Bernstein Confirms Bitcoin Bottom, Maintains $150,000 Price Target For 2026
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Breaking News: Bernstein Confirms Bitcoin Bottom, Maintains $150,000 Price Target For 2026

Are The Old Guards Back: Ethereum And Bitcoin Change Their Fortunes

Bitcoinist
by Bitcoinist
Last Updated: September 30, 2024 5:06 am
·
Posted in Industry
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Rumours of the old guards’ demise have been greatly exaggerated. Bitcoin and Ethereum are STILL alive and kicking. Bitcoin price, for instance, has broken past resistance as it trades above $65K, while the Ethereum price finally broke out of its slump and broke past $2.6K as of press time. And as we all know, the current Bitcoin price is always a tide that lifts all ships—including the broader altcoin sector. Case in point: new meme coin presale sensation Raboo ($RABT) has turned on the jets with a 90% gain since, making it among the top investment opportunities as we enter the final quarter of the year. 

Bitcoin price retakes support at $65K

Great news for Bitcoin price watchers. Bitcoin has retaken support at $65K and holding firmly at the level. That makes the Bitcoin price just a stone’s throw away from its all-time high of $73K. A new Bitcoin ATH is well within the realm of possibility before the year ends, But investing in Bitcoin is no longer an option for investors looking to get more out of their investments. It is, after all, the largest cryptocurrency by market cap. That limits its upside compared to lower-cap investment opportunities that have more upside for price appreciation. Make no mistake, however—if the Bitcoin price rally sustains its current pace, it could mean a 100x trajectory for altcoins like Raboo. 

Ethereum price finally shows signs of life

The Ethereum price has greatly underperformed expectations this year. Constant sell-offs by whales including the Ethereum Foundation has left the Ethereum price floundering between the $2.2K to $2.3K range. Despite experts pegging Ethereum to set new all-time highs, the smart contract platform has fallen woefully short of bullish expectations. Nevertheless, the recent 10% gain in the final two weeks of September has been reason for Ethereum holders to hold out hope for another rally back to $4K. But before $4K, Ethereum bulls need to break past $3K and hold strong at that level. In other words, it’s unlikely for Ethereum to hit anywhere close to $4K this year. Ethereum holders, better luck next year. 

New AI-powered meme coin Raboo set for parabolic growth

Investors looking for a better return on investment won’t find it with Bitcoin or Ethereum because of their gargantuan market caps. The parabolic gains will instead be found in low-cap gems with the potential to blow up whenever Bitcoin rallies and lifts the rest of the market along with it. That opportunity has arrived with Raboo. Entering Stage 5 of its presale, Raboo has raised over $2.5 million and its token price has turned in a 90% gain rising from $0.003 to $0.0057.

The meme coin sector often pumps each time the market heats up. And given Raboo’s unique value proposition introducing a flourish of AI to the lucrative meme coin format, its native token $RABT has nowhere to parabolic in the next bull run. Raboo blends SocialFi and AI to create a platform where users can create memes with its Rabooscan tool and earn $RABT tokens through competitions and by sharing their creations across the internet. Rabooscan leverages advanced AI algorithms to create viral-ready memes, making it a cut above your garden-variety meme coins. If you’re looking for the next 100x candidate, Raboo is your best bet this year.

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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