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ETH holders cash out for Raboo’s ROI, leaving DOGS struggling to keep up

Category: CRYPTO NEWS

The post ETH holders cash out for Raboo’s ROI, leaving DOGS struggling to keep up appeared on BitcoinEthereumNews.com. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While Ethereum and DOGS struggle, Raboo’s AI-backed MemeFi platform is set to soar with a forecasted 100x ROI. The year 2024 saw the big tokens – Bitcoin and Ethereum – gain approval for associated ETFs, giving the crypto market a temporary jolt before a market-wide downturn hit. The crumbling ETH price left holders reeling with a disheartening 36% 3-month loss, with the newly launched DOGS memecoin tumbling 35% in 30 days. However, during the same timeframe, the new AI meme coin RABT shot up 90%. The AI-backed meme platform has won the hearts of meme enthusiasts and investors with a unique MemeFi approach. Its SocialFi model enables users to monetize meme content to earn token rewards. Analysts forecast that RABT could return 10,000% upon launch, leaving ETH price and DOGS in the dust. ETH price bleeds red for 3 consecutive months Ethereum leads the altcoin market share with a $43.5b TVL. That’s more than half of the $75.5 TVL of all chains. Despite its dominance and popularity, the ETH price has posted uninspiring price action for months.  Ethereum lost its market footing in June, bleeding red across three months. After dropping below $2.4k in August, ETH has faced roadblocks three times in the $2.7k-$2.8k zone, sending it down to the $2.2k region by September 9. Per Binance data, ETH has tumbled over 11% in the past month, pushing its 90-day losses past 36%. The prolonged red streak has left Ethereum investors sitting on a meager 46% annual ROI. Frustrated bagholders are closing out their ETH positions to bet on the new SocialFi memecoin, Raboo, for a better return. DOGS follows ETH price footsteps with a small ROI DOGS is…

2024-09-12T08:30:06+00:00

https://bitcoinethereumnews.com/ethereum/eth-holders-cash-out-for-raboos-roi-leaving-dogs-struggling-to-keep-up/?utm_source=rss&utm_medium=rss&utm_campaign=eth-holders-cash-out-for-raboos-roi-leaving-dogs-struggling-to-keep-up

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