With their fundamentals looking better than ever, investors are watching Solana and Sui for an impending breakout. Meanwhile, new AI meme coin moonshot Raboo could be set for an imminent explosion of demand. But can any of them deliver 10x gains over the next month? Let’s find out.
Solana net flows hit $1b
Solana’s solid performance has been a topic of discussion in many crypto circles over the past few months. Thanks to the rise of Solana-based meme coins and a growing ecosystem of DeFi, NFT, and gaming projects, Solana’s price rocketed more than 10x between September 2023 and March 2024, moving from around $20 to $202. Despite being below its 2021 all-time high of $259, some speculate that SOL could soon move to new peaks.
After all, Solana has seen roughly $1 billion in net flows over the past three months, while total value locked (TVL) in its DeFi projects has risen to $5.5b, just below its 2024 peak of $5.6b. Similarly, daily active addresses on the network are at yearly highs, around 4.8m.Â
These fundamentals suggest an impending breakout for SOL, but could it 10x in the next month? With a market cap of around $73b right now, priced at $156, a 10x would take SOL to a $730b valuation, almost double Ethereum’s $319b. While unlikely, it does seem that Solana’s price could be breaking higher soon.
Sui’s DeFi activity spikes 50+%
Sui is a fairly new layer-1 network that debuted in May 2023. Known for its scalability, Sui can theoretically handle up to 297k transactions per second using an object-oriented programming language called Move. Sui’s seen growing adoption in the DeFi space recently, with TVL surging more than 50% over the past month to hit new all-time highs of $948m. While a fraction of Solana’s DeFi activity, this growth could signal incoming demand for SUI.
With daily active addresses also booming over the past month, from around 500k in late August to 1.6m in late September, SUI’s price has increased accordingly. It’s up 92% over the past month, currently worth $1.78 with a market cap of $4.3b. A 10x to $40.3b seems more feasible in the next month, but unlikely without a significant catalyst.
Raboo smashes $2.5 million milestone
While SOL and SUI have plenty of profit potential, they fall short of RABT. RABT is the token of Raboo, a new AI meme coin that’s already jumped around 90% in its ongoing presale, following a raise of more than $2.5 million. Now, with analysts projecting a further 143% rise from $0.0057 before the presale concludes, investors are tripping over themselves to grab RABT in anticipation of a potential 100x breakout.
Raboo is built around a SocialFi ecosystem that rewards users for creating and sharing memes. Its Rabooscan tool scrapes memes from social media and allows investors to generate memes using AI that can be entered into contests or shared on social media for a shot at extra RABT tokens.
With no buy or sell taxes and upcoming features like NFTs and staking rewards, Raboo’s ecosystem offers plenty of profit-making opportunities for investors. The strong presale response and bubbling community of thousands indicates that 10x gains could just be the start for Raboo when it lists on exchanges. Don’t miss out on securing an early position in this moonshot token.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
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