Fed interest rate cuts have confirmed the bull run. In response, Solana’s SOL is setting the stage for a sizable uptick that has SOL holders anticipating a short-term rally to $160. Toncoin’s TON is also on the rise after registering a record-high USDT supply of more than $1 billion.
Another crypto to watch this bull run is Raboo, whose $RABT token surged 90% weeks after the start of the presale. Raboo’s presale has raised over $2.5 million from investors, and analysts are predicting a 100x rally for $RABT by launch day.
Solana’s SOL targets $200 as bullish momentum picks up
Solana’s community is all the way bullish, up to 81%, after SOL’s price established critical support in the $120 region. SOL’s price chart has formed a consolidation rectangle indicator where SOL’s price has consistently retested its $120 support levels, giving confirmation for long positions as the ascent towards $200 starts. Since the cutting of the Fed interest rate, Solana’s SOL has had the biggest rally of all top cryptocurrencies by market cap. Despite facing months of bearish pressure, Solana’s network is now on the rise thanks to meme coins that have seen an increase in daily transactions on the network.
Toncoin’s price dips, but USDT supply grows exponentially
Toncoin (TON) has also started to recover from its 5% dip over the last 30 days. While TON’s price is still struggling to stay afloat, with dips as sharp as 4.5% in some weeks, a recent report reveals that a growing supply of Tether (USDT) on TON’s network could change everything. For the first time ever, TON’s blockchain has registered a record-high supply of USDT of over $1 billion.
In addition, TON’s network has registered a record-high number of active users, amounting to 5 million. TON’s increasing popularity comes after weeks of a downturn sparked by the arrest of Telegram’s CEO and founder. Toncoin’s connection with Telegram has brought more advantages to TON holders than disadvantages, as analysts now predict a Toncoin rally following the Fed interest rate cuts.
Raboo’s $RABT is the crypto to watch this bull run
Raboo’s SocialFi and AI-backed meme coin is the crypto to watch this bull run. Already, $RABT is up 90% from its presale starting price of $0.003 to its current rate of $0.0057. Investors looking to join the fray have so far raised over $2.5 million just weeks after the presale started.
The SocialFi approach is one of Raboo’s most captivating aspects as it focuses on cultivating a community of like-minded meme culture lovers from all over the world. Raboo members will be able to create memes thanks to Raboo’s Rabooscan, which searches social media for the most authentic and hilarious memes. Additionally, posting these memes on Raboo will earn users $RABT.
With Raboo’s integration of the booming meme coin movement and the emerging generative AI sector, analysts have tipped $RABT to surge 10,000% by launch day.
Conclusion
Solana’s SOL and Toncoin (TON) are setting up the stage for a bullish breakout by the end of the year. However, while SOL and TON could bring in up to 3x gains, Raboo’s $RABT is the crypto to watch for a 100x rally in 2024.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
