With crypto markets picking back up again, it’s time to take a closer look at this week’s top crypto picks. Favorites Sui and Dogecoin have made the list, but a new contender, Raboo ($RABT), could have a 100x surge in store after a recent update surrounding its AI mechanism. Let’s dive in.
Sui’s on-chain activity grows
Sui is a relatively new Layer-1 network launched in mid-2023, aimed at solving many of the scalability issues of its predecessors. Sui uses the Move language, originally created by Facebook for its Diem project, and was founded by several former Facebook engineers. The chain itself can theoretically handle up to 120,000 transactions per second with a confirmation time of around 400 milliseconds.
Sui has recorded some impressive stats in recent weeks. More than 10k coins have debuted on the Sui blockchain, while daily transactions are now topping 10 million per day. Its total value locked has boomed recently too, up almost 30% over the past month to around $800 million.
Now, after reaching an all-time high of $2.18 in March, SUI is climbing again. It’s currently up roughly 66% through September as one of the top crypto picks right now, worth $1.67 today, with expectations that it could cross $2 soon.
Raboo spikes 90%
Raboo is an AI-based meme coin currently in the Fifth Stage of its presale, having raised almost $2.5 million from thousands of eager backers. It’s already jumped 90% to $0.0057, with expectations of a further 143% increase as more investors pile in—yet this could just be the start of Raboo’s 100x run in 2024.
Raboo sets itself apart from other meme coins by using an in-house tool known as Rabooscan. Powered by AI, this tool uncovers the latest memes from social media and allows users to create their own AI-generated memes. Investors can then monetize these AI-generated memes, either through Raboo’s regular contests or by sharing them, thanks to its Post-to-Earn platform.
This SocialFi ecosystem is complemented by an upcoming NFT project and a deflationary token-burning mechanism, both designed to maximize value for early backers. Passive income is also on the cards, with generous staking yields soon to be unveiled.
Now, interest is booming after a recent update from the Raboo team, announcing that they’re moving onto the model development phase of Rabooscan. Investors are awaiting a potential spike when $RABT lists on exchanges this year.
Dogecoin sees uptick in transactions
Dogecoin remains the undisputed king of meme coins in 2024, currently in the 8th spot in the top 10 with a market cap of $15.95 billion. While other meme coins are expected to outperform DOGE this year, its sheer size and backing from notable figures like Elon Musk make it a firm choice for any investor.
DOGE had joined the list as one of the weekly top crypto picks after a recent surge in activity. Dogecoin processed 1.93 million transactions in the second week of September, the highest since July. While still down from its February peak, there is speculation that DOGE could reclaim the $0.14 mark soon. DOGE is currently worth around $0.10, up around 8% over the last 7 days.
You can participate in the Raboo presale here.
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