Solana is back in the news after a recent bullish surge fueled expectations that SOL could soon surpass the $200 mark. However, some have noted that Raboo’s new AI meme coin $RABT could be even more explosive this year, potentially spiking 100x and even hitting the $1 level. Today, we’re diving into both of these projects to uncover their future potential.
Solana bullish run looks set to continue
Solana has been on a bit of a tear in mid-to-late September after reaching multi-month range lows around $124, currently worth $156, and up around 5.8% over the past week. SOL’s strong price action has driven speculation that $200 could be back on the cards, a figure last reached in March.
Recent SOL growth has been driven by a number of factors. Its DeFi ecosystem is booming, with $5.45 billion in total value locked (TVL) on chain, more than March’s peak of around $4.9 billion and just shy of its $5.6 billion yearly high in July. Meanwhile, Federal Reserve interest rate cuts in September, which saw rates decline to 5% from 5.5% after a jumbo cut, have increased investor risk appetite.
Solana price predictions remain optimistic that Solana could hit $200. VanEck—known in the crypto world for their Bitcoin and Ethereum ETFs—has gone as far as to claim that SOL could reach $330 and hit a market cap equivalent to 50% of Ethereum’s. While no timeframe for VanEck’s Solana price prediction was given, it lines up with SOL’s current trajectory and momentum. The next major resistance level is set around $162, with all eyes on this region for hints of a further breakout.
Raboo’s AI meme coin smashes $2.5 million raised
Raboo is fast becoming one of the most exciting meme coins of 2024 after spiking 90% in its ongoing presale and raising $2.5+ million from thousands of early backers. Raboo is a new unique AI meme coin with buckets of potential, with some experts placing 100x predictions for $RABT. Right now, it’s priced at $0.0057 in the 5th Stage of the ICO, with a potential 143% rise left in store before the presale’s conclusion.
Raboo uses an AI-powered tool, Rabooscan, to scour social media for the latest memes. Users can then create their own AI-generated memes and enter them into regular competitions for a chance to earn extra $RABT tokens. Alternatively, investors can monetize their creations by sharing them with their own followers, which is part of Raboo’s Post-to-Earn scheme.
Recently, bullish community sentiment hit a new high when the Raboo team announced they’d transition to the AI model development phase, following a rigorous data collection process. Hints around upcoming staking pools and an NFT project have also kept them engaged, with many adding to their $RABT stacks in anticipation of an explosion when the token lists on exchanges this year.
With this AI-backed SocialFi ecosystem in mind, analysts are optimistic about Raboo’s potential. A token-burning mechanism is seen as key to $RABT’s long-term growth, similar to other deflationary projects like Shiba Inu. Likewise, no buy or sell taxes and a smart contract audited by SolidProof have only fueled speculation that Raboo could be on its way to the $1 mark.
Now, presale momentum is ramping up fast. Tokens are flying off the shelves—don’t miss out on securing an early position.
You can participate in the Raboo presale here.
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