Bitcoin recently dropped below key support levels while Shiba Inu is aiming for a new ATH with a layer-3 blockchain and new developments. Meanwhile, Bitcoin holders are eyeing Raboo ($RABT), a new presale token offering low entry prices and novel features. With over $2 million raised, Raboo has been identified as  one of the best altcoins to invest in 2024 as its impressive trajectory outperforms other tokens. 

Bitcoin faces critical drop but analysts predict price rally based on US elections outcomes 

Bitcoin’s recent decline below crucial support levels has raised concerns among traders and analysts with crypto experts attributing this dip to overall market sentiment rather than specific events like the Mt. Gox repayments. 

Despite the decline, some market participants see buying opportunities, exemplified by a whale’s recent acquisition of 244 BTC, worth $16 million. This whale’s continued confidence in Bitcoin, with a total of 921 BTC accumulated at an average price of $65,821, underscores a strong belief in Bitcoin’s potential. This buying activity highlights a long-term bullish sentiment, even amid short-term volatility.

Fueling optimism, former President Donald Trump’s recent keynote at the Bitcoin 2024 conference has injected new bullish sentiment into the market. Promising to make the United States the “crypto capital of the world” by creating a national Bitcoin stockpile, Trump’s remarks have led some analysts to predict BTC might be one of the best cryptos to buy this year amid speculations that Bitcoin could soar above $800,000 if he is re-elected. Republican Senator Cynthia Lummis’s proposal to establish a strategic reserve of 1 million BTC further bolsters this outlook, suggesting a significant institutional endorsement that could drive Bitcoin’s price to unprecedented heights.

Shiba Inu aims for new ATH with layer-3 blockchain and token developments

Shiba Inu is pushing for significant advancements with plans for a new layer-3 blockchain and several new tokens, as revealed by marketing lead Lucie. Despite securing a $12 million investment in April and valuations reaching $200 million, Shiba Inu has underperformed compared to other meme coins. However, these developments, including integration with Fully Homomorphic Encryption through a partnership with Zama, aim to bring real-world utility and drive Shiba Inu toward a new all-time high (ATH).

The new layer-3 blockchain, built atop Shibarium on the Ethereum layer-2, signifies Shiba Inu’s pivot towards a more substantive ecosystem. Lucie emphasized this expansion amid criticism about the project’s rapid growth pace. 

Analyzed prices for 2024 as provided by crypto experts forecasts and affirmed by Changelly expects Shiba Inu  to reach $0.0000217 by August, hinting at a strong potential for Shiba Inu to achieve a new ATH with these upcoming developments and strategic moves by the marketing team to foster adoption. 

Raboo set to revolutionize meme coin market with AI-powered capabilities and exchange listing goals

Raboo, the latest AI-powered meme coin, is designed to foster a vibrant community of meme enthusiasts by integrating social-fi and artificial intelligence. $RABT holders can earn tokens and win prizes, highlighting the Raboo’s commitment to community engagement. With a 0% buy and sell tax, Raboo ensures a user-friendly experience for all participants. The smart contract has been audited by SOLIDProof, adding an extra layer of security and affirming Raboo’s commitment to emerging as one of the best cryptos to buy in 2024. 

Featuring cutting-edge technology, Raboo introduces Rabooscan, an AI tool that scours social platforms for fresh memes. This tool analyzes memes against specific criteria and gathers in-depth information to create AI-generated memes. By leveraging this innovative technology, Raboo aims to continuously offer fresh and engaging content to its community, setting it apart in the meme coin space.

Raboo is also set to launch exclusive branded merchandise, designed with passion and style, to deepen community engagement. Additionally, the NFT launch will offer unique creative pieces to presale token holders, providing potential rewards and perks. To further enhance the value of $RABT, an upcoming burn event will deliberately reduce token supply, potentially increasing the value of holdings and adding excitement to the Raboo ecosystem.

Conclusion 

Bitcoin’s recent decline highlights market volatility while Shiba Inu is aiming for a new all-time high with ambitious plans for a layer-3 blockchain and new developments. Meanwhile, The $RABT presale token is attracting attention from Bitcoin holders and crypto investors. With its presale priced low at $0.0048, Raboo promises 100x returns upon launch. Over $2 million has already been raised from more than 3,000 token holders showcasing its impressive trajectory. This performance underscores Raboo’s potential as one of the best altcoins to invest in 2024. 

You can participate in the Raboo presale here:

Telegram: https://t.me/RabootokenPortal    

Twitter: https://twitter.com/Raboo_Official 

The post Bitcoin Holders Still Bullish About Newcomer Raboo, as Shiba Inu Continues To Search for a New Ath. appeared first on TheCoinrise.com.