Solana

DeFi

<p>Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.</p>
<p class="is-style-lead">The race to $1 intensifies between XRP and SEI, as investors also eye the promising Raboo presale with speculation of 100x potential.</p>
<div class="wp-block-rank-math-toc-block" id="rank-math-toc">
 <p>Table of Contents</p>
 <nav>
  <ul>
   <li><a href="#xrp-fails-to-impress-investors" rel="noopener noreferrer nofollow">XRP fails to impress investors</a></li>
   <li><a href="#seis-de-fi-space-continues-to-grow" rel="noopener noreferrer nofollow">Sei’s DeFi space continues to grow</a></li>
   <li><a href="#raboos-exchange-debut-could-be-explosive" rel="noopener noreferrer nofollow">Raboo’s exchange debut could be explosive</a></li>
  </ul>
 </nav>
</div>
<p>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 <a href="https://rabootoken.com/" target="_blank" rel="noopener noreferrer nofollow">Raboo presale</a> as 100x rumors swirl.</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/bnb-eyes-600-milestone-with-czs-return-as-raboo-poises-for-top-20/"> BNB eyes $600 milestone with CZ’s return, as Raboo poises for top 20 </a></p>
<h2 class="wp-block-heading" id="xrp-fails-to-impress-investors">XRP fails to impress investors</h2>
<p><a href="https://crypto.news/price/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP</a> 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, <a href="https://www.coingecko.com/en/coins/xrp" target="_blank" rel="noopener noreferrer nofollow">currently worth $0.62</a>.&nbsp;</p>
<p>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.</p>
<p>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.</p>
<h2 class="wp-block-heading" id="seis-de-fi-space-continues-to-grow">Sei’s DeFi space continues to grow</h2>
<p><a href="https://crypto.news/price/sei/" target="_blank" rel="noopener noreferrer nofollow">Sei</a> 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.</p>
<p>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 <a href="https://www.coingecko.com/en/coins/sei" target="_blank" rel="noopener noreferrer nofollow">recovered back to $0.44</a> amid a growing DeFi presence—total value locked (TVL) now stands at roughly $200 million.&nbsp;</p>
<p>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.</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/solana-price-expected-to-reach-200-by-2025-raboo-sees-1000x-potential-in-q4/"> Solana price expected to reach $200 by 2025; Raboo sees 1000x potential in Q4 </a></p>
<h2 class="wp-block-heading" id="raboos-exchange-debut-could-be-explosive">Raboo’s exchange debut could be explosive</h2>
<p>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.&nbsp;</p>
<p>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.</p>
<p><a href="https://crypto.news/solana-price-expected-to-reach-200-by-2025-raboo-sees-1000x-potential-in-q4/" target="_blank" rel="noopener noreferrer nofollow">Raboo</a> 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.</p>
<p>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.</p>
<p>Interested <a href="https://rabootoken.com/?utm_source=marketing&amp;utm_campaign=COPE&amp;utm_id=0809-6" target="_blank" rel="noopener noreferrer nofollow">users can participate in the Raboo presale</a> and visit its <a href="https://t.me/RabootokenPortal" target="_blank" rel="noopener noreferrer nofollow">Telegram</a> and <a href="https://twitter.com/Raboo_Official" target="_blank" rel="noopener noreferrer nofollow">Twitter.</a></p>
<p>Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/travala-merges-with-solana-network-while-raboo-prepares-for-launch-in-q4/"> Travala merges with Solana network while Raboo prepares for launch in Q4 </a></p>
<p>Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.</p>

Race to $1: XRP and SEI prepare to break through before 2025

Table of Contents

crypto.news

Other articles published on Sep 30, 2024

FTX сreditors reveal compensation details: What’s wrong with it?

Bybit Bolsters Compliance with Appointment of New Chief Legal & Compliance Officer

Ethereum ETFs Draw Investor Interest

Investors See Growth in Spot Ethereum ETFs as BlackRock’s ETHA Surpasses $1 Billion

Federal Judge Rejects GreenUnited’s Motion: $18M SEC Lawsuit Moves Forward

BlackRock’s Spot Ether ETF Surpasses $1 Billion in Net Asset Value

Join our free newsletter for daily crypto updates!