Now that Q4 is approaching quickly, investors are searching for the best crypto to buy in 2024. Bitcoin (BTC) recently surged past $60,000, raising questions about whether it can reach $70,000. At the same time, the other big crypto, Ethereum, will launch a new upgrade. While Bitcoin and Ethereum remain dominant, Raboo ($RABT), a promising new player, might steal the title of best crypto to buy in 2024.
Watch key resistance levels when Bitcoin (BTC) nears that $70K mark
BTC price climbed over 17% from its low of $54,148 in August to its current level of around $63,808. If Bitcoin breaks the $64,000 level, it could even move towards that dreaded $70,000 mark, a very important psychological milestone that could change everything for BTC.
Recent data shows that whale addresses holding over 1,000 BTC increased by 5% last month. This is usually a sign of strong confidence among large investors. As a result, the BTC price may see a green spike. The recent 50 basis point rate cut by the Federal Reserve also boosted investor sentiment, and made Bitcoin more attractive as a hedge against inflation.
Still, Bitcoin‘s dominance has slipped from 48% to 45% as investors diversified into altcoins with lower market caps and higher potential.
The Pectra upgrade might be the life buoy that Ethereum (ETH) needs so badly
Ethereum dropped to a low of $2,000, then rebounded to around $2,650. Meanwhile, the upcoming Pectra upgrade, now divided into two phases, brings renewed optimism among investors.
This upgrade aims to improve scalability and transaction speed, crucial if Ethereum wants to maintain its dominance in DeFi and NFT markets. Analysts predict a successful upgrade could push Ethereum beyond $3,000. The right market conditions could even push it towards $4,000.
Why Raboo’s might be the best crypto to buy in 2024
While Bitcoin and Ethereum dominate the headlines, Raboo has struck like an earthquake in the meme coin market. Unlike traditional meme tokens, Raboo uses AI to create unique, engaging content that drives community growth. Its presale has raised over $2.5 million, and tokens remain available at just $0.0057.
Raboo’s tokenomics support long-term value growth. Of the 1.8 billion $RABT tokens, 63% go to presale buyers, ensuring stakes for early investors. Raboo’s plans to introduce staking, NFTs, and partnerships with influencers so as to continue to drive demand. The project’s AI-generated memes build community engagement, making Raboo a unique investment opportunity.
What you can expect for Q4
If BTC can break past that $64,000 mark, it could start a new bull run, but failure might lead to a drop to the $58,000 support level. Ethereum’s Pectra upgrade could similarly push ETH to new highs if it succeeds.
For those looking for the best crypto to buy in 2024, Raboo offers an intriguing alternative. Its use of AI, community support, and roadmap make it a standout in the meme coin space. While Bitcoin and Ethereum provide stability, Raboo’s potential for exponential returns makes it a compelling choice.
Whether you’re watching the BTC price for a breakout or seeking high-risk opportunities with Raboo, Q4 promises to be an exciting time for crypto investors. Stay informed, and don’t miss what could be the most thrilling phase of the year.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
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