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2024 started with a bang, with several tokens reaching their ATH, or close to it. Then the brakes were applied, the market saw a startling correction, and crypto prices fell.
Meanwhile, investors might be flocking to the Raboo presale, which is already nearing some solid milestones.
Supporters of Raboo (RABT) can take part in pre-sale and buy tokens here
Binance Coin (BNB) drop might look surprising
A mere week ago, the BNB price was so close to its ATH. It was taken for granted that BNB would punch through, but it dropped 10% in the last week, and it’s only going downwards. Nervous uttering of a bear market are making the rounds, but other analysts are more optimistic, saying this is just a normal retraction before the Bitcoin halving.
The beauty of the BNB price is that it is a utility coin and the BNB’s trading volumes are high, so even when prices drop, BNB will always be a sound investment. The BNB price will naturally follow the market’s ebbs and flows, but while Binance remains what it is, the BNB coin is going nowhere.
XRP surges amidst Ripple’s stablecoin rumors
The most significant XRP news of the moment is that Ripple’s new dollar-pegged stablecoin has raised concerns about XRP. This stablecoin intends to compete with Tether (USDT) and Circle’s USDC. It implies a shift toward a stable digital currency backed by low-risk investments like U.S. dollar deposits and government bonds. This strategy could help Ripple join the lucrative stablecoin industry.
This stablecoin promises to improve Ripple’s financial services by offering a more stable alternative to XRP for transactions and settlements. XRP will still be used in Ripple’s ecosystem, particularly in their On-Demand Liquidity service and RippleNet payments network, but a stablecoin could distract from XRP in situations where stability is more important than speed or cost.
Raboo (RABT) stays strong in pre-sale new phase
Raboo is a beacon of innovation in the crypto world, especially appealing during market downturns, as witnessed by the BNB price and the XRP news, which are driving XRP prices down. Raboo isn’t just surviving; it’s designed to thrive when things get tough. By harnessing the power of artificial intelligence, Raboo keeps its community engaged and active, creating a lively atmosphere that defies the gloom of a bear market.
The unique approach to using AI to generate and curate content means that Raboo continuously offers fresh, appealing interactions that maintain user interest and investment. In times when traditional investments might falter, Raboo stands out as an intelligent choice, offering a combination of resilience and potential growth that can weather the ups and downs of the crypto market.
You can participate in the Raboo presale here.
Alex Dovbnya
