Ethereum and Stellar are legacy tokens on a major downturn in September, extending their bearish run of form at the end of the third quarter of 2024. The smart money is firmly moving on from both “dinosaurs,” with ETH and XLM outflows flowing into more solid narratives such as future 100x altcoin Raboo ($RABT).
Raboo is drawing quite the crowd with 154% in programmed token price increases left in its presale. It has raised over $2.4 million as of Stage 5 of its launch. Will this 100x altcoin outperform the EOY Stellar and Ethereum price predictions? Analysts believe so. Here’s why.
Ethereum price falls below $2,200 to start September
Ethereum had everyone bullish with the launch of the first spot Ethereum ETFs at the end of July. But just barely over a month and said ETFs have lost over $500 million in investor outflows, tanking Ethereum prices at $2,173 on September 6th.
Ethereum is looking more and more like a spent force by the day, with ETFs failing to generate any sort of traction for the leading smart contract platform by market cap. Ethereum is down 5.37% in the first week of September and 11.73% in the past month. Grim.
Stellar buckles under massive sell-side pressure
Stellar was among the legacy tokens expected to make a comeback in 2024. Unfortunately, that just hasn’t materialized for Stellar. Despite the Soroban and Protocol 21 updates in February and May, respectively, Stellar prices remain locked in a death spiral.
Trading at a shade below $0.09, Stellar prices are down 9.95% in the past month, while remaining 90.41% below its previous all-time high of $0.9381 set January 2018. That’s how long it’s been since Stellar had been anywhere remotely close to relevant. If you’re still buying Stellar in 2024, you’ve already missed the boat.
Raboo presale offering investors up to 154% in token price increases
The days of Ethereum and Stellar as 100x altcoin projects are long gone. In 2024, that mantle goes to Raboo, whose presale has already amassed over $2.4 million. Better yet, early Raboo investors are already sitting on a profit even as the rest of the market tanks. And with up to 154% yet in programmed presale token price increases, YOU can get in on the action until the moonshot when it lists on exchanges.
Raboo is traversing lucrative narratives as a meme coin with robust AI functionality. Central to its value proposition besides its explosive meme potential is its generative AI tool called Rabooscan. Rabooscan scours the internet to scrape data from the most viral memes on social media and enabling users to easily create and distribute dank memes that are ready to go viral at the drop of a hat—and get paid in $RABT tokens and other prizes through contests and post-to-earn initiatives.
Paired with robust staking rewards and an upcoming NFT project in the pipeline, and it’s understandable why Raboo has captivated the smart money that’s queueing up to join its presale. Raboo has been greenlit by SolidProof—and it’s all just a matter of time before it moons.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
Source: https://blockchainreporter.net/ethereum-and-stellar-down-as-new-100x-altcoin-continues-to-defy-the-odds/