Pepe, XRP, and Raboo Stir Buzz: Uncover the Reasons Behind This Week’s Crypto Headlines

The post Pepe, XRP, and Raboo Stir Buzz: Uncover the Reasons Behind This Week’s Crypto Headlines appeared first on Coinpedia Fintech News

The cryptocurrency market is doing better lately, now that there are new investment funds for Ethereum. During this time, some other cryptocurrencies like PEPE, XRP, and Raboo have also been getting a lot of attention in the crypto world. Let’s see what industry observers are saying about the big crypto stories and price changes happening this week.

Influx of Interest Drives PEPE’s Value Higher

The PEPE token made crypto headlines this week, jumping over 70% to a new all-time high of $0.00001725 as its daily trading volumes surpassed $1.8 billion across spot and futures markets, up from the typical $400-600 million range.  

Data from Santiment also shows PEPE gaining momentum, with an almost 100% increase in active addresses interacting with the token over the past seven days. PEPE’s social dominance also rose from 0.81% to 3.55% in this period.

Citing these bullish indicators, analysts forecast further upside potential for PEPE. Their projections suggest the token could climb to $0.00007909 by 2024 due to surging interest.

US SEC’s Allegations Shake Investors’ Confidence In XRP 

After numerous centralized exchanges delisted the token due to the U.S. SEC’s allegations that Ripple Labs sold unregistered securities, there was some good XRP news. The Coinbase exchange said customers in New York could start trading XRP again after not being able to for 9 months.

However, the excitement didn’t last. The SEC still wanted Ripple Labs to show them some documents. This latest XRP news made the market go down, with a big XRP owner selling almost 32 million XRP coins worth $16.4 million.

This large sale made a lot of people wonder what will happen to the price of XRP soon. Many experts who study the crypto market think the price of XRP will go down. They predict the price could drop to $0.48 by April 7.

Raboo Presale Ignites Market Frenzy 

This week’s crypto headlines have been dominated by the meteoric rise of Raboo after achieving a remarkable feat of raising over $1.5 million in its ongoing presale. The AI-backed memecoin has experienced exponential growth, with more than 6,800 registered users and over 2,100 token holders.

What’s driving the excitement around Raboo? The token’s value has already reached $0.0042 in stage 3 of the presale, and the projections are even more promising. Analysts anticipate the price of Raboo’s native token, $RABT, to grow by 233% during the presale and an astonishing 100x on the day of the official launch.

Raboo’s unique selling point lies in its innovative social-fi model, which seamlessly blends the power of artificial intelligence (AI) and social media to create a vibrant meme-generating community. Unlike traditional memecoins, Raboo provides its users with the opportunity to earn additional tokens by participating in weekly, monthly, and quarterly challenges, as well as special giveaways.

Conclusion 

While PEPE gained momentum with its soaring value and increased user engagement, XRP faced setbacks due to regulatory scrutiny. Meanwhile, Raboo’s presale success captivated investors with its remarkable success in the public presale. These market movements grabbed the crypto headlines for investors looking for potential gains.

You can participate in the Raboo presale here.

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