XLM Q1 Results: Is it Time to Invest? Raboo’s Progress and Ripples’s SEC Challenges

With the bull run kicking off in April, it was no surprise to see new and old altcoins and meme coins start doing respectable numbers again. With older altcoins like Stellar (XLM) and Ripple (XRP) undergoing some sort of rally, analysts have discovered a new AI-powered memecoin, which is tipped to be the most exciting memecoin of 2024.

After raising over $1.4 Million in its ongoing presale, Raboo ($RABT) aims to become a top 20 memecoin by market cap, challenging OGs like Shiba Inu and Doge. Read on to find out why this is possible.

Stellar (XLM) Q1 results: Is it time to invest?

XLM is no newcomer to the altcoins space, launching close to a decade ago in July 2014. While the coin is miles away from its all-time high of $0.87, it remains a promising altcoin due to its use case.

For crypto beginners, Stellar is a project created to connect banks and facilitate low-cost, cross-currency, and cross-border transactions. Stellar’s native token, lumens (XLM), is used on the platform to pay network and account initialisation fees. This innovative use case has helped drive the token’s price over the years as it remains useful.

Over the last quarter, Stellar (XLM) has remained stable in price movement, reaching a yearly perch of $0.156 in March. Now, sitting at $0.11, it might be a good time to invest as there is an ongoing increase in crypto adoption. With the bull run also in play, Stellar might get a good rise sooner rather than later.

Raboo’s ($RABT) Progress to Becoming a Top Memecoin

All memecoins should watch out! There’s a new sheriff in town. Raboo is a new memecoin on the journey to rule all other memecoins with an iron fist. Although currently in its presale stage, Raboo has shown promising price movement, moving from $0.003 to $0.0042 after raising over $1.4 Million from the presale.

But what is the use case behind this token? Raboo is building a community where meme creators can earn from their work while interacting with like-minded crypto investors. Thanks to Raboo’s innovative meme tool, Rabooscan, creators can scour social media for memes to discover the originality behind them and get ideas for new memes.

Apart from its use case, its tokenomics shows signs of it not being a fraudulent project. With 63% of the coins to be sold during the presale and only 5% of it being held by the team, buyers can be rest assured the team isn’t going to manipulate the coin for their gains. 

As a flag bearer of the MemFi movement, Raboo’s native token, $RABT, has been tipped by analysts to do a 233% increase by the end of the presale. Become a part of 2024’s most exciting memecoin and get a chance to be part of a 100x movement.

Ripple’s (XRP) SEC challenges and it’s partial victories

Ripple ($XRP) has been embroiled in a legal squabble with the United States Securities and Exchange Commission (SEC) over unlawful sales of their token. The SEC has been pushing for the project to face a $1.95 Billion fine, with the team pushing back to reduce it to $10 Million.

With the look of things, legal experts have predicted that the fine will be settled at around $100 Million. While the case is ongoing, the Ripple team has seen some partial victories over the years. First, they were ruled not to have broken any rules by selling XRP to secondary trading platforms. The SEC’s appeal to this decision was also turned down. Finally, Ripple’s CEO and Chairman were cleared of all charges levied against them by the SEC.

While XRP has dropped in price compared to its highest point this year, these victories could help it reach new highs. However, it is advisable to wait out the whole legal saga before making any move on the token.

Conclusion

While Stellar (XLM) and Ripple (XRP) are big guns in the game, they can not guarantee a 100x run in any close period. However, with Raboo, analysts are bullish on the fact that the coin could do a 10,000% increase once it’s listed on major exchanges. If you’re looking to participate in a community-driven memecoin that could be the gem of 2024, Raboo is the best choice.

You can participate in the Raboo presale here.

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