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The seasoned crypto investor knows that the market was poised for an explosion following the supply shock of Bitcoin halving, but history has shown that this was a delayed reaction. The first few weeks after the halving enter a period of decline before things get exciting again.
While Polygon (MATIC) is getting some stick, XRP news is that the transactional coin is losing ground against Ripple Lab’s new stablecoin. It’s hard to read the market right now. According to the sponsored content sender, although the future looks great, the present is uncertain, wondering whether Raboo, which wants to be the new meme coin, will be successful in the future.
Polygon (MATIC): Final close?
Polygon (MATIC) has been a part of the cryptosphere for so long that it no longer qualifies as an “altcoin” but is considered an “organization.” Polygon has solved the problem of Ethereum’s notoriously slow and prohibitively expensive operations. While Ethereum was the only rooster in the henhouse, Polygon was a vital part of crypto operations and many crypto investors held Polygon to make huge profits.
However, Polygon peaked in 2021 and is currently trading 80% below its peak. Unfortunately, Polygon has shown no signs of recovery in the market. The reason for this is simple: Ethereum is no longer the only smart contract player in town, and newer layer 1 solutions don’t need Polygon.
XRP (XRP): Is it the end of an era?
XRP news from Ripple Labs is oddly alarming – all evidence points to Ripple abandoning its flagship project. XRP has been subjected to a lot of abuse. If you’ve been living under a rock: XRP has been blocked by the SEC in a number of lawsuits. This caused the price of XRP to remain frustratingly stagnant and lose its market value.
While the legal news for XRP is encouraging, with Ripple defeating the SEC in the courts, Ripple Labs appears to have abandoned XRP in favor of a new stablecoin. With 150 billion worth of the stablecoin, Ripple crypto investors may want to dump XRP and throw their weight behind the anticipated stablecoin.
Raboo (RABT): Dawn of a new meme coin?
According to the sponsored content sender, the future of the new meme-fi AI coin is uncertain. It is not known whether it will be able to compete with cryptos such as Raboo (RABT), Polygon and XRP.
Raboo, whose future is uncertain, is allegedly being studied by crypto investors. Although it has numerous features according to its team, the essence behind Raboo is that it combines internet culture with artificial intelligence innovation technology and wants to define technological advancements. The meme coin market is worth almost $50 billion and the AI crypto market is at $17 billion – it is unclear whether Raboo’s future will be successful.
In conclusion:
According to the sponsored content poster, the crypto market is evolving and XRP has essentially been abandoned by its developers and it is unclear if Polygon will be able to generate future gains. Will the new meme coin Raboo be effective in 2024?
Click to review the Raboo (RABT) token from its official website.
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and carry the risk of investment loss. Do your detailed research before making any transaction.
