A mere fortnight ago, Bitcoin was over $64k, and now it is struggling in the low 50s. While most market indicators are bullish, and the Bitcoin price prediction is headed to its ATH, BitMEX’s co-founder Arthur Hayes is not as bullish. His outlook for the Bitcoin price prediction is especially weak, claiming it will fall below $50k. This has seen some fear-driven market reactions with indicators almost universally red, causing smart investors to seek stability in the volatile markets in crypto presale options like the one currently on offer by new meme coin Raboo ($RABT). A comparison may shed light on current investment trends.
Bitcoin (BTC): Bitcoin price down despite Bitcoin price prediction going up
Can a single individual drive a market? When that individual is former BitMEX CEO Arthur Hayes, then the answer is yes. Hayes opened a Bitcoin short, giving a Bitcoin price prediction of it falling below 50k before rallying. This could be a self-fulfilling prophecy as the market reacts to Hayes’ claims by dumping. Considering that Hayes has had his run-ins with the law, including a $10 million criminal fine levied against him for pleading guilty to violating the Bank Secrecy Act, one has to take his opinion with a large shovelful of salt.
The truth is the Bitcoin price prediction is looking anything but bearish. Market analytics and economic indicators are pushing a $10k recovery in the next week. In fact, the Bitcoin price prediction has the cryptocurrency breaking its all-time high by the end of the month and hitting 100K by year-end. Despite this highly bullish Bitcoin price prediction, market outflows fed into meme giant Raboos’s crypto presale.
Raboo ($RABT): Crypto Presale soars to new heights
Despite Hayes’ pessimistic Bitcoin price prediction being proven wrong, the market reacted adversely. Investors went to find a safe haven in crypto presales, and the new meme coin market entrant Raboo is the big winner.
Meme coins have been responsible for some of the most significant market returns ever, and even the most conservative of investors have bolstered their portfolios with meme coins. Raboo is earmarked to set the meme coin world alight. What Raboo understand better than any other coin is that the internet runs on memes. Memes are not just cute and funny ‘units of culture’, but the language the internet runs on, transcending cultures and language barriers. Raboo understands memes are the future of the internet itself and is pioneering Rabooscan, an AI-assisted meme aggregator that supplies only the best memes.
The Raboo crypto presale is now underway and has gained almost $2.5 million in liquidity. Crypto presale tokens in the hottest new meme coin are available at a mere $0.0057. Considering how well other tokens have done after they have come out of their crypto presale phase, Raboo is offering a surprisingly low risk token for something that can shoot the moon.
Hayes’ Bitcoin price prediction may have sparked some panic selling, but the silver lining is that those who have invested in Raboo stand to benefit the most from the token’s expected explosive growth once it lists on the open markets.
Raboo is available in its crypto presale phase directly from its website.
You can participate in the Raboo presale here.
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Source: https://www.crypto-news-flash.com/arthur-hayes-predicts-bitcoin-drop-below-50k-prompting-holders-to-flock-to-raboo/?utm_source=rss&utm_medium=rss&utm_campaign=arthur-hayes-predicts-bitcoin-drop-below-50k-prompting-holders-to-flock-to-raboo