Ripple (XRP) is one of the most popular cryptocurrencies in existence, having been around since the early days of Bitcoin. However, first-mover advantage hasn’t translated into success for the coin. Investor reactions after recent XRP news paints a torrid future for the token, with many gravitating towards Monero (XMR) and Raboo ($RABT).
Investors are especially keen on Raboo, with many seeing it as the rising crypto token of the current bull run. Raboo is still in presale but has appreciated 60% already. Market watchers predict the coin could make a 100x gain before the year runs to an end.
Ripple falters despite positive XRP news
During the recent XRP Ledger Community Summit held in Amsterdam, Ripple CEO Brad Garlinghouse announced that the project would be launching its own stablecoin, named $RLUSD.
XRP news like this, normally, would’ve been followed by an immediate price explosion. But that didn’t happen. This could be due to Ripple’s prolonged battle with the government and apparent centralized structure.
Following the XRP news, Ripple rose to $0.5, which is still a far cry from its high of over $3 years ago. Nevertheless, it remains a top 10 cryptocurrency by market cap, with the tokens worth over $25 billion.
Monero jumps 31% after prolonged struggle
Monero is an old copy of Bitcoin, but it places a stronger focus on privacy and security. Unlike Bitcoin, transactions on Monero cannot be traced or deciphered. It is the only major cryptocurrency where every user is anonymous by default.
Due to its anonymity, Monero has been painted in a negative light by most of the world. It’s been accused of providing cover for criminals and men of the underworld. And this has affected the token’s price.
On the 7th of February 2024, XMR crashed from $165 to $105 in a matter of hours. Since then, it has struggled to find its feet and stayed below $145 for prolonged periods of time. However, the coin seems to be on the way back up.
In the last month, XMR posted a 31% increase, appreciating to $185. It’s up 1.58% in the past week, with trading volume still holding strong above $100 million per day. Monero’s resurgence makes it a viable investment choice, but most investors today are opting for Raboo.
Raboo: The rising crypto presale savvy investors can’t miss
Raboo is a brand new crypto project in the meme space. But unlike most meme coins, which are valueless derivatives of Dogecoin, Raboo has real utility.
It offers a vibrant hub of crypto enthusiasts where like-minded meme lovers can connect and earn. This is done via its community activities, where participation is rewarded with tokens, and NFTs generated by its proprietary AI-technology.
In essence, Raboo mixes meme culture with SocialFi and artificial intelligence, giving birth to a truly unique and innovative token. Now in presale, the token is available for $0.0048, with lots of room for appreciation.
Already, $RABT has risen by 60% during the presale, and there is talk this figure will be 233% by the time the presale concludes. Even more, industry experts predict $RABT will go more than 100x once it launches on exchanges. It’s an ambitious crypto movement that savvy investors can’t afford not to jump on.
Conclusion
Ripple, a top 10 crypto token by market cap, is still struggling in spite of recent XRP news that was expected to boost its price. This makes Monero, a private Bitcoin copy, a good option for investors, but people are rushing Raboo, the rising crypto of the current bull run. For $0.0048 per token, anyone can jump aboard the $RABT bandwagon and stand a chance to make gains in excess of 100x later on.
