Following months of speculation, many investors are delighted to see BTC holding steady above $60,000. Crypto back is in bull mode, and now some are turning to smaller projects in anticipation of significant profits in the coming months.
Landing on Raboo, analysts think this AI meme coin has 100x potential when it debuts on major exchanges. Read on to find out why.
Bitcoin breaks above August’s peak
After a bullish second half of 2023 and the first half of 2024, Bitcoin 
$103,916’s price has been the subject of headlines across the internet. BTC hit a new ATH in March of this year, jumping to over $73,000. Yet, it has been stuck in a range since, falling to around $54,000 in August and early September.
A huge sense of relief was felt by investors as BTC recently moved back above its August high of $64,000, hitting a peak of $65,888 in late September. Many see the cause as the jumbo interest rate cut by the Federal Reserve, which dropped rates by 0.5% from 5.5%. Analysts now give Bitcoin a 68% chance of smashing $70,000 by year’s end.
BTC ETFs have undoubtedly supported this month’s Bitcoin price bullishness. Net inflows into BTC ETFs hit their highest since mid-July recently, while a combined net buying volume of 16,774 BTC exceeded the typical one-month supply of new BTC at 13,500. The continued strength of Bitcoin’s institutional and retail interest suggests that $70,000 may be hit sooner than we think.
Raboo’s $2.5 million raise is just the start
With markets reinvigorated by Bitcoin’s bullishness, Raboo’s new AI meme coin has become a bona fide hit with those hunting for little-known crypto gems. The Raboo presale has already hit $2.5 million in funds and spiked 90%, up to $0.0057 from its original price of $0.003. With a potential 143% left before the presale’s conclusion, some analysts forecast 100x gains when $RABT lists on exchanges and gains mainstream attention.
The hype around Raboo is centered on its AI-driven SocialFi ecosystem. Its Rabooscan tool helps users generate side-splitting memes while offering incentives for creativity. Rabooscan scours social media for the hottest memes to power an AI-based meme generator, with users able to submit their creations into frequent contests to earn massive rewards.
But the Raboo ecosystem doesn’t stop there. Its Post-to-Earn program sees investors earning $RABT for sharing their memes on social media, helping to boost Raboo’s visibility and reward creativity—a win-win.
Raboo’s roadmap also includes an upcoming NFT drop—projected to be highly lucrative given Raboo’s current trajectory—and hefty staking rewards designed to attract one of the largest communities in Web3. With no buy or sell taxes and built on the Ethereum 
$3,862 network, Raboo’s AI meme coin is shaping up to be one of the most exciting investments of 2024.
The team recently announced the AI model development phase is underway, and sentiment in the Raboo community is as bullish as ever. Generative AI is forecast to grow to $1.3 trillion in the next ten years, but given that billions are expected to flow into the crypto market as BTC crests new highs, we likely won’t need to wait long for Raboo’s projected parabolic run. Stay tuned—Raboo’s presale tokens could sell out in weeks.
