With SOL and SEI moving higher in recent weeks, some traders are banking their profits. They are searching for the next moonshot opportunity. Many have picked up on Raboo, a new AI meme coin that might have 100x gains in store this year. So, what makes $RABT such an attractive option, and will SOL and SEI continue their runs? Let’s find out.
Solana’s growth seems unstoppable
It’s safe to say that Solana will go down in history as one of 2024’s best cryptos to invest in. After hitting a trough of around $17 in September last year, SOL stunned investors with a tenfold surge. It went up to a high of just over $200 in March earlier this year. Many point to Solana’s low-cost, blazing-fast blockchain as the reason. Several meme coins and DeFi projects are choosing to build on the network in 2024.
Daily active addresses on Solana are now at an all-time high, recently reaching 5.6 million. They were around 250,000 a year ago. DeFi growth has also been impressive. It’s below the 2021 highs of roughly $10 billion, but there’s around $5.2 billion in total value locked (TVL). SOL itself is now up 11% over the past 30 days, priced at $147.20 ahead of what could be an imminent breakout.
Sei breaks ground in DeFi
Like Solana, Sei has been one of this year’s greatest success stories. The Layer-1 network is optimized for decentralized trading and is capable of up to 12,500 transactions per second. Its token followed the same route as SOL. From around $0.10 in October last year, SEI boomed, peaking at just above $1 in March.
Daily active addresses are also growing on SEI. They reached hundreds of thousands in late September vs. just a few thousand in August. TVL is also at its all-time high, around $190 million right now, and up almost 75% in the past month.
Now, its price is responding favorably to increased adoption of the network. SEI has risen 269% in the past yeae, currently worth $0.46. Moreover, it can keep its bullish momentum in the foreseeable future.
Raboo soars 90% after $2.5 million raise
Solana and Sei can climb higher over the next few weeks and months. Some of that momentum is undoubtedly spilling over into Raboo’s moonshot presale. Raboo belongs to the AI, meme coin, and SocialFi sectors. It envisions rivaling giants like Dogecoin and Shiba Inu, which attracted more than $2.5 million pouring into the presale.
Raboo’s native AI agent, Rabooscan, scours the web for the latest memes, allowing users to then craft AI-generated memes. They can then earn extra $RABT tokens by winning regular meme contests. Sharing on social media through Raboo’s Post-to-Earn platform will also work.
Built on the Ethereum network and with a smart contract already audited by SolidProof, Raboo’s vision of building one of the largest meme-based communities in Web3 has lit a fire under investors. They’ve pushed it up by 90% already, with a forecast 143% left before the presale concludes, potentially ahead of a 100x surge later this year.
With a token-burning system, an NFT project, and lucrative staking rewards in the works, Raboo might be the best crypto to invest in right now. Get involved before presale tokens sell out.
You can participate in the Raboo presale here.
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