Stacks

DeFi

With crypto prices building pretty much across the board over the past week, new ATH predictions for Ethereum and Stacks have emerged. Sentiment is improving, but will it be enough for ETH and STX to top their previous ATHs? Join us as we explore this question and <a href="https://rabootoken.com/" rel="noopener noreferrer nofollow">Raboo’s ($RABT)</a> potential 100x surge.
<h2 id="span-style-font-weight-400-ethereum-span-span-style-font-weight-400-etfs-see-positive-developments-span">Ethereum ETFs see positive developments</h2>
Ethereum is back on the menu again after seemingly rising out of its trough of around $2,250, now priced at roughly $2,638 today. While still down significantly from its year high of just over $4,000, some analysts think it could smash to a new ATH above $4,900 and even above $6,000 this year.
Ethereum has suffered over the past few months despite the launch of ETH ETFs in July. These ETFs saw considerable outflows when they first debuted, leading ETH to decline as investor concerns grew. However, with ETH ETF outflows diminishing—they hit a peak of -$162m&nbsp; in July while August and September outflows <a href="https://www.coinglass.com/eth-etf" rel="noopener noreferrer nofollow">typically ranged around the -$10m mark</a>—some see this as a turning point for the second top cryptocurrency.
Ethereum has increased more than 11% over the past week since the 17th of September, and a reinvigorated market could send it flying in the coming months.
<h2 id="span-style-font-weight-400-stacks-span-span-style-font-weight-400-bitcoin-defi-approach-might-pay-off-span">Stacks’ Bitcoin DeFi approach might pay off</h2>
Stacks was one of the few mainstream projects that broke their 2021 highs this year. Stacks is a layer-2 network that allows developers to launch smart contracts and dApps on the Bitcoin blockchain. Now, it’s aiming to drive a Bitcoin DeFi revolution through the Nakamoto upgrade, a move bringing sBTC—a Bitcoin-pegged asset used for DeFi—to the network.
With the allure of Bitcoin’s security and recognizability in its corner, Stacks jumped roughly 7x between August 2023 and March 2024, rising from $0.47 to a new ATH of $3.84. Stacks’ total value locked (TVL) rose accordingly, <a href="https://defillama.com/chain/Stacks" rel="noopener noreferrer nofollow">hitting a peak of $189m</a> in April, well above its 2023 high of $34m.&nbsp;
Despite Stacks giving up some of these gains recently, falling to $1.93 today with a TVL of $110m, many consider STX in prime position for a new ATH this year.
<h2 id="span-style-font-weight-400-raboo-s-ai-meme-coin-could-be-2024-s-breakout-span">Raboo’s AI meme coin could be 2024’s breakout</h2>
While Ethereum and Stacks may have 2x potential this year, Raboo might have 100x in store for early investors. Raboo has already pulled in more than $2.5m to reach the 5th Stage of its presale and has risen by 90% in the process, up to $0.0057 today. With a potential 143% left to go before the presale ends, investors are eagerly snagging tokens in preparation for a huge exchange debut.
Raboo is an AI-based meme coin built on Ethereum, shooting for one of the largest meme-based communities in Web3. Raboo uses AI to power its SocialFi ecosystem, where users can leverage a proprietary AI model to generate memes and monetize them—either through winning competitions or via the project’s Post-to-Earn platform.&nbsp;
With no buy or sell taxes and a deflationary token-burning mechanism, Raboo is in an excellent position for high trading volumes and long-term growth. NFTs and upcoming staking pools are also in the pipeline—don’t miss this limited opportunity to be an early backer in the hottest AI meme coin around.
<a href="https://rabootoken.com?&amp;utm_source=marketing&amp;utm_campaign=COPE&amp;utm_id=0809-6" rel="noopener noreferrer nofollow">You can participate in the Raboo presale here.</a>
Telegram: <a href="https://t.me/RabootokenPortal" rel="noopener noreferrer nofollow">https://t.me/RabootokenPortal</a>
Twitter: <a href="https://twitter.com/Raboo_Official" rel="noopener noreferrer nofollow">https://twitter.com/Raboo_Official</a>
The post <a href="https://thecoinrise.com/eth-and-stx-on-fire-will-they-smash-through-to-new-all-time-highs/" rel="noopener noreferrer nofollow">ETH and STX On Fire: Will They Smash Through To New All-Time Highs?</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

ETH and STX On Fire: Will They Smash Through To New All-Time Highs?

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