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The race to $1 intensifies between XRP and SEI, as investors also eye the promising Raboo presale with speculation of 100x potential.
The race for $1 is on between XRP and SEI, two cryptos that investors have been keenly watching over the past few months. Today, we’ll examine which project could be investors’ next best investment and why some savvy traders are diversifying into the Raboo presale as 100x rumors swirl.
XRP fails to impress investors
XRP is well-known as one of crypto’s most prolific players. Despite various legal challenges, such as the SEC’s case that XRP is a security, it remains firm as one of the most valuable cryptocurrencies with a market cap of $35 billion in the 7th spot, currently worth $0.62.
After Ripple’s partial victory against the SEC in mid-2023, many XRP price predictions had forecast the token to break past $1. However, this failed to materialize, with XRP hitting just over $0.80 after the news and struggling to move higher since then. Even as Bitcoin’s price hit new all-time highs this year, XRP peaked at just $0.71.
While XRP price predictions cite reasons to be bullish, such as improving regulatory clarity, partnerships with major financial institutions (including Santander, Standard Chartered, and Commonwealth Bank of Australia), and the prospect of XRP ETFs, the likelihood of XRP crossing $1 before 2025 remains slim without a significant catalyst.
Sei’s DeFi space continues to grow
Sei is a new chain launched mid-2023, designed to boost the scalability and speed of decentralized exchanges. It’s optimized for high-frequency trading and compatible with Ethereum, which has led some to anticipate SEI becoming the new norm for DeFi in the coming years.
SEI initially saw a strong response, rising from around $0.10 in October 2023 and peaking at $1.14 in March 2024; it’s fallen sharply since to a low of $0.22 in August. In late September, SEI recovered back to $0.44 amid a growing DeFi presence—total value locked (TVL) now stands at roughly $200 million.
While its TVL pales in comparison to Ethereum’s $50 billion, it does bode well for Sei. If DeFi momentum continues and Bitcoin’s price breaks higher, SEI could reach $1 before 2025.
Raboo’s exchange debut could be explosive
While XRP looks shaky and SEI has 2x potential this year, Raboo might be a much more promising contender. This AI-powered memecoin has been raging in presale, up 90% to hit $0.0057 after raking in more than $2.5 million from thousands of eager investors.
It’s now in the 5th stage of its presale, with a projected 143% left to rise before it hits the open market. However, some analysts think this could be a precursor to a 100x boom in light of its strong presale demand and innovative use of AI.
Raboo is building Rabooscan, a tool that collects memes from social media and lets users create AI-generated memes. These memes can then be entered into contests or shared on social media for a shot at extra RABT tokens, allowing investors to monetize their creativity and followings.
Alongside other value-creating features, like generous staking yields, no buy/sell taxes, and a token-burning mechanism, RABT looks set for a parabolic run when it lists on exchanges this year. With the team now developing the AI model for Rabooscan, sentiment is at an all-time high.
Interested users can participate in the Raboo presale and visit its Telegram and Twitter.
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