Crypto prices are on the rise once again, and three projects—Bittensor, Avalanche (AVAX), and Raboo—are all making waves following several bullish developments.
But which has the most potential in 2024? Let’s take a deeper dive into what’s happening with these three top crypto investments.
Bittensor’s TAO higher amid integration with Ethereum
Bittensor is part of the growing AI crypto sector, specifically the decentralized AI field. Bittensor effectively aims to create a marketplace for machine intelligence, complete with producers and consumers that make up the ecosystem. It’s now one of the largest AI projects by market cap, currently valued at around $4.3 billion at the 24th spot, with its TAO token—Bittensor’s reward token contributing to the market—priced at over $580.
TAO has attracted plenty of attention recently after rising more than 80% over the past 30 days. The catalyst for this surge is the impending introduction of smart contracts and Ethereum compatibility to the network, helping to push TAO up from its early September trough of $230. With all-time highs of $767 only being made in March, there’s a strong possibility TAO could hit new highs in the coming weeks and months.
Avalanche’s DeFi value jumps
Avalanche has solidified its status as a top Layer-1 chain in 2024. It is favored for scalability, and transaction finality under two seconds—much faster than its competitor networks. Compatible with Ethereum, Avalanche has secured a market cap of $11 billion at the 12th spot.
With its growing DeFi presence, AVAX has been on a bit of a bullish run recently. It’s seen a 20+% jump in total value locked (TVL) in the past month to hit just over $1 billion. While a far cry from its 2021 peak TVL of $11.4 billion, AVAX has responded in kind.
AVAX has risen over 14% in the past 30 days and briefly crossed the $30 mark in late September, boosted by the announcement of a development incentive known as Retro9000. Now, investors are keenly watching for action from crypto whales as a potential buy signal.
Raboo announces an AI update after $2.6 million raise
Like Bittensor, Raboo has benefited from the positive sentiment surrounding AI cryptos recently. Raboo is a new meme coin that uses AI that gives itself a significant edge, part of its broader SocialFi ecosystem.
Its proprietary tool, Rabooscan, uncovers the latest memes from social media and feeds them into an AI-powered meme generator, allowing users to create and monetize their memes through regular competitions. There’s also a Post-to-Earn program, where investors can earn $RABT rewards by sharing these memes with their followers—boosting visibility for Raboo and keeping the community engaged.
After an announcement from the Raboo team in September, they stated that they’d be transitioning to the AI model development phase following a stringent data collection process, hype surrounding $RABT has hit new peaks. Raboo is now up 90% in the 5th stage of its presale, hitting $0.0057, after raising more than $2.6 million. And there’s still another 143% jump before the fundraising stage closes and the token officially launches!
Add in upcoming staking pools, an NFT project, and a token-burn event. Some analysts think $RABT might be due for a 100x pump this year when crypto whales catch on. Exchange debuts are just around the corner—don’t miss what could be one of the year’s top crypto investments.
You can participate in the Raboo presale here.
- Telegram: https://t.me/RabootokenPortal
- Twitter: https://twitter.com/Raboo_Official
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
