The Ethereum community is on the edge of its seat as the Securities and Exchange Commission (SEC) gears up for a major decision that will skew the future of Ethereum price prediction figures in 2024 and beyond. Previous SEC crypto rulings have often been a death knell for cryptocurrency prices, as evidenced by XRP. Meanwhile, Cosmos-associated Celestia (TIA) started Q1 2024 by peaking last February but has since fallen out of the top 50. However, the newly launched AI crypto presale sensation Raboo is making noise in the crypto world with its presale, with analysts tipping it for a 100x gain in 2024.
Ethereum holders sweating SEC crypto ruling: What will it be?
Ethereum hasn’t set the world on fire lately. The gaudy Ethereum price prediction figures haven’t come to fruition as price action has failed to keep up with the rest of the top 10. And with the SEC set to decide on Ethereum’s status as a security just around the corner, the uncertainty is palpable. Previous SEC crypto rulings haven’t always favored cryptocurrencies, with XRP being a prime example of how SEC crypto jurisdictions could suppress prices into oblivion.
The abrupt withdrawal of Grayscale’s Ethereum ETF application is widely seen among crypto circles as a prelude to a potentially unfavorable SEC crypto ruling for the smart contract platform — with other spot Ethereum ETF applications from other big names expected to be rejected. An unfavorable SEC crypto ruling for Ethereum could be disastrous for ETH prices.
TIA showing signs of recovery in May
Celestia (TIA) has shown promising signs of a comeback in May. Many wrote off TIA as a one-hit wonder after TIA prices peaked at $20.91 in early February amid Cosmos airdrop farmers selling off the blow-off top.
Fast forward to mid-May, and TIA has made a modest climb back to $9.50 as of press time. But compared to Ethereum, TIA has a higher price ceiling—without the threat of looming SEC crypto regulation breathing down its neck.
Raboo presale launch draws crypto whales across the world
Crypto whales across the pond are taking out early positions in Raboo. And when whales move, they make waves. That’s exactly what Raboo has done, raising upwards of $1.3 million and entering Stage 3 of its presale. This is indicative of the major traction that the promising AI crypto/meme coin hybrid has generated very early on. Raboo isn’t just another meme coin — it’s an innovative take on AI crypto, meme coin virality, and SocialFi in one explosive package.
Raboo features a multi-tiered reward system giving Raboo holders a chance to earn more $RABT tokens for creating and distributing memes using its AI-powered meme generator. This unique post-to-earn incentive is what analysts believe could send Raboo on a parabolic growth trajectory in 2024 and beyond. Is a 100x possible? With $RABT tokens available at just $0.0042, you can best believe that it is.
The final word
Ethereum price prediction estimates aren’t looking as bullish with the threat of a potentially unfavorable SEC crypto ruling. While TIA is a marginally better investment opportunity than Ethereum, it pales in comparison to Raboo’s 100x potential.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
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