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Bitcoin and Ondo, two big names in the space, are feeling the heat with growing bearish sentiment. Bitcoin is struggling with weak ETF demand, while Ondo has taken a 16% hit.
But not all is doom and gloom—Raboo ($RABT), a new AI-powered meme coin, is turning heads with a 19% price jump coming up in its next stage. Below, we’ll take a look at what’s behind Bitcoin and Ondo’s recent struggles and how Raboo is expected to reach 100x growth in the upcoming period.
Bear market alert: Is the Bitcoin price about to hit rock bottom?
There’s been a lot of chatter lately about Bitcoin possibly entering a rough patch. Many are blaming the drop in demand for spot Bitcoin ETFs for the recent price dip. On top of that, inflation numbers came in as expected with a 2.6% yearly increase, and some people are crossing their fingers that the U.S. Federal Reserve might finally ease up on those tight policies soon.
Bitcoin price’s sharp rejection at the $61,000 mark on August 29th likely stemmed from these bigger economic concerns, especially around the tech sector and the chances of an interest rate cut in September.
Ondo remains in the red
The bear market is strong for Ondo, as well. Ondo, the DeFi platform that lets users create fixed-yield loans backed by crypto, has been having a rough month, with its value dropping about 16%.
RWA.xyz has just rolled out two new data sets for Ondo, which will make it easier to track Ondo’s products across various blockchains like Arbitrum, Aptos, Sui, and Noble. Thanks to these upgrades, Ondo has now overtaken the Securitize/BlackRock BUIDL Fund as the leading tokenized Treasury issuer, with a $98 million edge in market cap.
Raboo’s 19% price boost: The new AI meme coin everyone’s talking about
Raboo, the hottest new AI meme coin on the block, is turning heads with an exciting price jump in its fifth Stage. Close to wrapping up Stage 4 with a token price of just $0.0048, Raboo has already raised over $2.2 million, leaving early backers thrilled. Now, the project is gearing up for a 19% price increase, bumping to Stage 5 and a price of $0.0057 per token.
But what makes Raboo stand out from the crowd? It’s not just another meme coin—it’s an AI-powered project that’s all about building a tight-knit community of meme lovers. By mixing Artificial Intelligence with Social-Fi, Raboo gives its holders cool ways to create memes and win awesome prizes.
By jumping into various challenges, tasks, and competitions, you can snag some $RABT tokens right now. Take the recent Marble Dash game, for example. Raboo put 300,000 $RABT tokens up for grabs, and it was a hit!
Summary
Bitcoin and Ondo are facing some tough times with bearish vibes weighing them down. But Raboo’s upcoming 19% price surge is a bright spot, reminding us that there’s still plenty of excitement and opportunity out there.
With its recent surge in users and holders, Raboo is proving to be a project worth keeping an eye on. If you’re on the lookout for something fresh, fun, and full of potential, Raboo might just be your next big move.
