Kaspa (KAS) mining has set the KAS price against Bitcoin, as both tokens now seem to be sharing the miner community. With Bitcoin mining getting even less profitable, Kaspa has been looking attractive for weeks now. Another crypto juggernaut has been a victim of the bearish decline lately. Ethereum (ETH) flattered to deceive when the spot ETF news was released, as the ETH price is now 10% down since then. It’s been meme coin season since then, and this new meme project Raboo ($RABT) is proving to be quite the find already.
KAS price keeps setting new ATH
Kaspa is a proof-of-work project that is gaining ground faster than Bitcoin now because of its more profitable block rewards and scalable network. The KAS token started August on another ATH, trading at $0.21 on Thursday.
That’s the third time in three months that the KAS price will be resetting its ATH in the crypto market, and it’s down to its hash rate increase. With miners driving the price upwards, Kaspa might be keeping this current streak for a while.
The token’s low correlation with Bitcoin has also been instrumental in the KAS price spike, as Kaspa is not dependent on Bitcoin for a surge.
Ethereum loses $3,000 support level
The Ethereum ETFs looked to be the salve for the ETH price, but since they are yet to launch for trading, Ethereum has fallen down the favourites list among traders. A downturn has started on Ethereum, and the mass liquidation seems to be behind it.
Most of the long positions that were at price levels above $3,000 closed between Friday and Saturday, as ETH long liquidations were valued at about $71 million. Now, the token is well beneath its 200-day EMA, indicating the onset of a bearish wave.
Analysts indicated that ETH and some of the top crypto coins might see ‘weekend relief rallies’ to reduce the week’s losses. Ethereum is, however, still changing hands for less than $3,000.
Raboo: The salve for profits this season
‘If you want profits, hop on the latest meme coin in the market.’ Every pro trader knows that; they also know that the surge won’t last as long, like in Pepe and Shiba Inu’s cases, and they soon dump the project for more stable investments.
But Raboo won’t be treading that path, and investors can see that. The token is offering a more stable plan, and even long-term traders are interested in it.
Crypto AI is the way forward for most projects, and Raboo is already headlining that sector. On the platform, users will get a generative AI tool, Rabooscan, that eases the burden of meme creation on the users. The AI tool scans through social media for meme-worthy content and creates high-quality memes from these raw materials.
Users can then monetize their content through the post-to-earn feature, as the Raboo project has a 135-million token pool that incentivizes users who contribute to the meme-making.
A solid plan is not all Raboo has too; the presale is where the profits start.
Raboo presale is where you should be!
The $RABT tokens are in presale stage 4 at the moment, trading at $0.0048 each. The earliest buyers are in 60% profits already, and the current presale stage offers double profit bonuses to those who buy now.
Even then, there’s still more to look out for in Raboo. Analysis shows that $RABT tokens can make a 100x spike when they list on top-tier exchanges.
Even a $200 investment will be worth $20,000, and it’s only going to take a few months. Don’t sleep on Raboo!
You can participate in the Raboo presale here.
