Ethereum and DOGS Face Challenges
In 2024, Bitcoin and Ethereum received approval for associated ETFs, which briefly boosted the crypto market before a subsequent downturn. Ethereum (ETH) experienced a significant decline, with a 36% loss over three months, while the newly launched DOGS memecoin fell by 35% in just 30 days.
During this period, the new AI meme coin RABT surged by 90%. This AI-backed meme platform has captured the interest of meme enthusiasts and investors alike with its innovative MemeFi approach. The platform’s SocialFi model allows users to monetize meme content and earn token rewards.
Analysts predict that RABT could achieve a 10,000% return upon launch, significantly outperforming ETH and DOGS.
ETH Price Struggles for Three Consecutive Months
Ethereum, leading the altcoin market with a $43.5 billion total value locked (TVL), has seen lackluster performance despite its dominance. The ETH price has shown disappointing trends over the past few months, starting from June when it began to lose its market footing.
After dropping below $2,400 in August, ETH struggled in the $2,700-$2,800 range and fell to around $2,200 by September 9. According to Binance data, ETH has declined over 11% in the past month, with 90-day losses exceeding 36%. This extended red streak has resulted in a modest 46% annual ROI for Ethereum investors.
Disillusioned ETH holders are now turning to Raboo for potentially higher returns.
DOGS Memecoin Faces a Similar Fate
DOGS, the latest memecoin in The Open Network (TON) ecosystem, initially generated excitement within the Telegram community. Launched at $0.00054, DOGS saw a brief 100% rally before experiencing a severe selloff, dropping to $0.0016—around a 3.3x return.
Following this selloff, DOGS fell 37% from its all-time high (ATH), settling at $0.0010 by September 9. Investors are now shifting their focus to presale meme coins like RABT, hoping for better returns.
Raboo’s Promising Presale Performance
The Raboo (RABT) presale has garnered significant attention from both meme enthusiasts and crypto whales. In stage 5, the ICO has raised over $2.4 million, driving the price up by 90% from the initial $0.003 to its current $0.0057. This represents nearly a 2x return for early buyers.
Analysts anticipate a 233% increase during the presale and a potential 100x return upon launch, suggesting that the Raboo platform’s profitability is just beginning.
Raboo’s MemeFi model allows users to monetize their meme content through its Post-to-Earn feature. The platform will also host regular challenges, giveaways, and NFT launches, providing token holders with additional opportunities for rewards and prizes.
Conclusion
While Ethereum and DOGS struggle to maintain their positions, Raboo is emerging as a strong contender in the meme market. Analysts believe that Raboo could achieve a staggering ROI of over 100x on launch, positioning itself as a highly attractive investment opportunity.