Ethereum and Pepe are locked in a battle for supremacy as the meme coin craze catches on. While the launch of nine spot ETH ETFs sparked a bullish resurgence for Ethereum, the new wave of multi-chain meme coins has pushed all other events to the background.
Raboo‘s new AI-backed meme coin called $RABT is one of the new kids on the block, giving Ethereum and PEPE a run for their money. Raboo’s $RABT has already surged 90% since the start of its presale. Analysts are predicting a further 100x rally for $RABT before its presale ends.
Ethereum loses momentum amid a wave of meme coin mania
Ethereum holders are losing faith in the world’s first decentralized smart contract blockchain network after a bearish sentiment swept through the community by about 78%. Whales holding Ethereum have also started to exit their positions, with examples including a recent transaction by a whale to sell 10,595 ETH, amounting to about $24.7 million.
Meanwhile, the meme coin craze is gaining momentum as meme coins such as Pepe (PEPE) rally over 14.64% over the last 7 days. Adding to Ethereum’s bearish pressure is the market-wide sale of ETH ETFs, where an outflow of 177K ETH was reported in the last 30 days. As Ethereum faces increasing bearish pressure and with the emergence of competitor networks such as Solana, analysts are predicting a prolonged sideways move for ETH.
Pepe (PEPE)’s price gains momentum as meme coin craze takes root
Compared to the waning interest in ETH ETFs, Pepe’s price has captivated investors after a year-to-date surge of over 1,100% amid bouts of market volatility. In the last 24 hours, PEPE has added to its bullish momentum with a price increase of 4.82% amid increasing hype around meme coins, not to mention the launch of PEPE perpetual futures on Coinbase.
With more capital flowing towards the meme coin market, PEPE’s market cap has also surged to highs of $3.57 billion.
Raboo’s $RABT surges 90%, raising over $2.5 million in presale
Raboo’s emerging AI-backed meme coin and social-fi ecosystem has captivated investors and meme coin enthusiasts after a price increase from its presale entry price of $0.003 to its current price of $0.0057. Raboo is on track to become a top-ranking meme coin thanks to its focus on fostering a strong community of meme enthusiasts.
Raboo’s SocialFi and artificial intelligence elements enable $RABT holders to interact with like-minded meme lords of the community in fun and exciting ways. One of Raboo’s most outstanding features is Rabooscan, which is a generative AI tool that searches social media to help Raboo users create funny and trendy memes. These memes can be posted on Raboo to earn $RABT.
With Raboo’s focus on the growing generative AI market as well as the booming meme coin space, $RABT could surge another 100x before the presale closes.
Conclusion
Ethereum’s sideways pattern is a clear signal that attention is shifting towards the meme coin market as the likes of PEPE rally over 100x in months. Raboo’s $RABT, however, is the new meme coin wave that could easily surpass ETH ETFs. Analysts are forecasting a 10,000% rally for $RABT when it launches on major exchanges.
You can participate in the Raboo presale here.
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