The recent Bitcoin and Ethereum ETF approvals have been bullish for crypto in general, triggering an overall rally in the markets. Bitcoin price notably retested $70,000 on May 27th, while Ethereum retested but ultimately failed to sustain a push to $4,000 shortly after the SEC approval. The uptick in market sentiment arising from the Bitcoin/Ethereum ETF approvals has shone a spotlight on opportunities like Raboo, which has surged 60% after entering Stage 4 of its presale phase.
So far, the promising presale investment opportunity has raised over $1.6 million, indicating a 100x potential growth trajectory in the works for the AI and SocialFi meme coin. Learn why you should get in on the Raboo action today while the market is riding the Bitcoin/Ethereum ETF high.
Bitcoin ETF approval gaining traction in 2024
The speculation surrounding the halving and the buzz from the approval of Bitcoin ETFs have taken Bitcoin price action to new heights in 2024. Notably, Bitcoin price hit a new all-time high of $73,750 in March at the height of the mania. While Bitcoin has stabilized around the $68,000 mark as of press time, the inflows entering both Bitcoin and Ethereum ETF are seen as a net positive for the leading cryptocurrency by market cap, further legitimizing the crypto sector as a whole. This could only be bullish for both cryptos moving forward.
Ethereum ETF approval sends ETH prices on an upward trajectory
The subsequent approval of the Ethereum ETF in May was beneficial for Ethereum prices. Prior to the announcement, Ethereum had been trending poorly against Bitcoin, falling below $3,000 at the beginning of May. However, the approval of the Ethereum ETF sent prices all the way up to $3,965, retesting $4,000, until stabilizing back to $3,700, where ETH trades as of press time.
New AI/SocialFi meme coin Raboo explodes into limelight in June
One project riding the wave of the recent Bitcoin and Ethereum ETF approvals is Raboo. The newly launched AI-powered SocialFi meme coin has raised over a whopping $1.6 million since launching. Entering Stage 4, Raboo is expected to become one of the year’s best performers, owing to its unique pay-to-earn mechanics and explosive meme potential. Meme coins, after all, are the year’s biggest gainers; Raboo elevates the format by creating a robust, self-sufficient ecosystem rewarding users for creating and distributing memes using Raboo’s AI generator.
Raboo is in prime position to explode to new heights in 2024 by capitalizing on the AI and meme coin boom, positioning early investors for an easy 100x this year. Currently, Raboo presale prices are at $0.0048, representing an ideal entry point for investors looking for a low-risk, high-reward blue chip with plenty of room to run this year.
Conclusion
The recent Bitcoin and Ethereum ETF approvals are among the catalysts for the hot meme coin market in 2024. This June, no other crypto investment opportunity is as tantalizing as Raboo. With its unique AI and SocialFi mechanics, not to mention its viral potential, Raboo could be your golden ticket to parabolic gains. Don’t miss out on the year’s top presale opportunity.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official